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Do Recent Startup Devaluations Signal Tech Market Trouble?

Intoo USA

Silicon Valley has become the mythical land of “unicorns”–the term coined to define the 100+ tech startups valued at $1 billion or more. But in the past few weeks that fantasy hit a few snags with news of devaluations of prominent tech unicorns, including social messaging app, Snapchat , and HR benefits startup, Zenefits. .

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Do Recent Startup Devaluations Signal Tech Market Trouble?

Intoo USA

Silicon Valley has become the mythical land of “unicorns”–the term coined to define the 100+ tech startups valued at $1 billion or more. But in the past few weeks that fantasy hit a few snags with news of devaluations of prominent tech unicorns, including social messaging app, Snapchat , and HR benefits startup, Zenefits. .

Zenefits 100
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HR debate: What’s the right way to fire someone?

HR Morning

” This was even more evident in February, when a worker who’d just been let go killed five co-workers at a factory in Aurora, IL. “You have to be compassionate,” says Beth Steinberg at HR firm Zenefits. Offer outplacement services? No one wants to hear “You’re fired.” Is Friday the best day?

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How to Conduct Virtual Layoffs

Zenefits

Mass layoffs might be happening at your company, but that doesn’t automatically equate to mass layoff meetings. Information on the Consolidated Omnibus Budget Reconciliation Act ( COBRA ) for health insurance and any other benefits available to them should be shared at this meeting and immediately (and privately) sent to them in writing.

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Could an Early Retirement Package Incentivize Employees to Retire?

Zenefits

Annual raises and bonuses can put these staff members at the highest level of compensation, often for decades, as their organization waits for them to retire. Employees who are stagnant in the position, whether at the top of the food chain or below, are often dissatisfied. Outplacement services. Retirement contributions.

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Tips for Reducing Your Business’ SUTA Tax Rate

Zenefits

In April 2020, “the unemployment rate peaked at an unprecedented level, not seen since data collection started in 1948,” says the report. Although the unemployment rate has declined since the beginning of the pandemic, it still remains at an elevated level. For example, California’s annual SUTA wage base for 2021 is $7,000.

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How to Professionally and Legally Terminate an Employee in 2022

Zenefits

Renewed interest in combating employment discrimination at state and municipal levels. As the National Conference of State Legislatures points out, most employment relationships in the United States are presumed to be “at-will.” That means workplace sensitivity needs to be a part of your termination strategy, as well.