Starbucks employees will see their pay raised at least 5% on Oct. 3, and the company will also double the stock awards eligible employees earn annually, giving some staffers a 15% boost in overall compensation. The chain will also make some unspecified changes to its dress code, CEO Howard Schultz said Monday in a memo. The Wall Street Journal (tiered subscription model) (7/11),Chicago Tribune (tiered subscription model) (7/11)
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Recruiting & Retention
NYC initiative aims to boost women-led startups Women Entrepreneurs New York City is trying to address the shortage of women-run startups in the city by bringing low-income and immigrant women together with skills-building classes and mentors. The city-run program may be replicated in other places, including San Francisco and Paris. The Wall Street Journal (tiered subscription model) (7/8)
Leadership & Development
IRS programs help employers correctly classify employees Three IRS programs based on an organization's audit status offer remedies for employers that have incorrectly classified employees as independent contractors. Federal agencies are concerned about incorrect classifications because of issues including lost tax revenue, unpaid overtime, and Family and Medical Leave Act compliance. SHRM Online (6/28)
Strategies for Success from TrainingMag.com
Corporate philanthropy woos millennials, strengthens business Charitable programs are highly desirable for millennials and have the added benefit of strengthening company culture, writes Dave Sanford of WinterWyman. Sanford offers ideas on how companies can use philanthropy to enhance recruitment, improve employee relations and boost social identity. TrainingMag.com (7/7)
Joyus and theBoardist.com founder Sukhinder Singh Cassidy prefers to hire smart people who have a dose of humility and a distinct vision. Then, she can give them leeway to get the job done without "managing your time with the opinions I have," she says. The New York Times (free-article access for SmartBrief readers) (7/8)
There are two ways of spreading light: to be the candle or the mirror that reflects it.
