F2F Class Notes _7th Apr (Harmony)

Your voice is vital. The success of the survey begins with the ability to obtain feedback from the entire workforce. ADP is committed to using your feedback to make improvements where needed. Your input will help ADP be an innovative, inclusive, and productive place to work.

Vital (put your teeth on your lips):  extremely necessary

Inclusive:  includes everything.   – your input is valued, your opinion is taken into account.

In search of job security, millions turn to freelancing

Unemployment may be low, but Tony Faustino, 50, isn’t betting his future on a traditional job. Faustino, a father of two, left his six-figure corporate marketing career to start his own marketing firm in Overland Park, Kansas, in April of 2015.

Six – Figure:  a vague a way to say that someone makes a lot of money.  At least 100,000 Annually.

Given the regulatory pressures squeezing the pharma and biotech companies he served, the long-term future didn’t look promising. An article he’d read years ago about men getting downsized from corporate jobs at age 50 kept haunting him.

Given (adj):  You can assume from a specific calculation/ information that you have.

Ex:  Given that you had 1 apple, and bought 1 more apple you now have 2 total apples.

Ex:  Johnny is always late for work.  It is assumed that he will be late again tomorrow.

Assuming (adj) the regulatory pressure squeezing the pharma….

Getting Downsized:  getting let go, being dismissed.

Squeezing:  squish, smash, tighten.  To get something out of it.

Ex:  I will squeeze the lemon in order to get some juice.

Ex:  The rope tightened around the animals leg.

Ex:  If I eat too much cake, my clothes will get too tight.

“So many people are in denial about what is happening in corporate America right now,” he said. “I wanted to have more control of my professional destiny.”

Denial:  refusal to recognize something as the truth.

= So many people refuse to recognize the truth about what is happening in corporate America right now.

Study after study shows that traditional jobs are fading around the globe. A much discussed recent report from the World Economic Forum, for instance, showed that the 15 top global economies could lose 5.1 million jobs in the next five years, thanks to trends such as robotics.

Study after study:  nothing is changing between studies.  Things are staying the same.

Fading:  to disappear.  To fade away.

Much Discussed:  a topic that is talked about a lot.  “A popular report”

Economies:  how a country or city manages its resources (tourism, trades work – water/wood/farming).

But experts say work in itself isn’t disappearing. What is declining, they say, is how it is packaged. Rather than employ people in traditional jobs, more employers are choosing to hire contractors.

= instead of hiring traditional workers for a long period of time (permanent, full time employee) in a traditional  job companies will outsource the work to freelancers as contract work.

How it is packaged:  how the job is laid out, or how the job is given out.

Fifty-four percent of the talent in businesses today is made up of traditional workers, but by 2017 that percentage will be down to 41 percent, according to a study released in October by research and advisory firm Ardent Partners and partially underwritten by Fieldglass, an SAP-owned company that provides vendor-management solutions. That is because almost 70 percent of organizations are expected to hire more contingent workers in the next 12 months, Ardent Partners found.

Partially:  part of.

Underwritten:  to show support for something, by signing their name to it.

Contingent Workers: A temporary or part-time worker, usually one working under contract for a fixed periodor a specific project.

Today, work once done mainly by people in traditional jobs can easily be done through other means, such as outsourcing to freelancers, said David Creelman, CEO of Creelman Research, a human resources analytics firm in Toronto that serves many U.S. clients, and co-author of the book Lead the Work: Navigating a World Beyond Employment.” Because of that, we’ll see fewer jobs,” he said.

Looking at the evolution of employment = how employment has changed over time