EDUCATION and SPORT: The Last Mile.
Supreme Court Win For College Athletes in Compensation Case.
Published on July 13, 2021
An educator, speaker, consultant, founder, investor, and squash and soccer enthusiast. Glen is the co-founder of the WorkSchool.
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Quote of the Week
“I’m a great believer in luck, and I find the harder I work, the more I have of it.” – Thomas Jefferson.
College athletes scored another big win in their looooong quest to get paid for their work on the field.
Yesterday, the US Supreme Court ruled unanimously that the NCAA cannot stop colleges from compensating student athletes, as long as that compensation is tied to education.
So you won't see your favorite running back receiving a salary (yet). But athletes can now receive monetary benefits like tutoring, study abroad, academic awards, and more.
What you should know: Justice Neil Gorsuch explained that the NCAA, the 115-year-old organization that governs college athletics, is not exempt from antitrust laws put in place to promote fair competition. But it was Justice Kavanaugh who really skewered the NCAA with the passion of an aggrieved LSU baseball fan.
“The bottom line. is that the NCAA and its member colleges are suppressing the pay of student athletes who collectively generate billions of dollars in revenues for colleges every year.”
“But the student athletes who generate the revenues, many of whom are African American and from lower-income backgrounds, end up with little or nothing.”
Interesting fact: College coaches were the highest-paid public employees in 40 states in 2019.
For its part, the NCAA claims that compensating student athletes would undermine the “amateur” flavor of college sports, damaging fans' enjoyment of the product.
Nature is Healing and Employees Are WeWorking: WeWork is making the most of its second chance. From April to May, the company sold more desks than it had cancellations, making it WeWork's best stretch for sales since September 2019, Bloomberg reported.
Although its occupancy rate has improved to 53%, that's still well below its former peak of ~70%.
Some credit to WeWork: The company shelved its IPO plans in 2019. And it went from most anticipated stock to laughing stock. But then WeWork implemented tough-but-necessary changes under the supervision of major investor SoftBank. It parted ways with CEO Adam Neumann and dramatically cut expenses, including through thousands of layoffs.
While the pandemic was initially a gut punch, it also offered the company a shot at reinvention. More offices are looking for hybrid or remote-friendly setups, and WeWork is once again poised to scratch the labor market's newest itch. The company is already offering more flexible memberships with on-demand booking and access to multiple locations.
What to expect: WeWork is tracking for $1.9 billion in revenue and aims to go public this year exactly how you'd expect: a $9 billion SPAC deal with BowX Acquisition Corp. {Source: morning brew}
COURSES
FIVE FREE COURSES YOU CAN TAKE ON WORKSCHOOL THIS WEEK.
Wondering which course to take to elevate your tech career? Don’t worry we’ve got you covered. A lot of newbies struggle with the tech learning path, not knowing which course to take, not knowing which tech career path fits them most. WorkSchool is here for you. We will help you aggregate the best course for your learning. In this article, you will see the top five courses you can take on our website, these are interesting courses.
Our top five this week.
1.Blockchain and FinTech: Basics, Applications, and Limitations: view the course
2.Google Analytics for Beginners: view the course
3.CS50's Web Programming with Python and JavaScript: view the course
4.Introduction to Data Structures: view the course
5.Writing Masterclass: Words (Strategy 1 in the Writing Masterclass Series): view the course
Why these courses: Getting a technical skill and a soft skill is the best thing you can do for your career, at this point. These courses will introduce you to the tech world. There are endless possibilities in tech, and taking any of these courses will put you on the right path.
Duration: You can complete the courses and earn your certificate within some hours.
Big picture: There is no sector in the world where technical skills are not needed. An average computer programmer makes over $50,000 USD. You can be among the few people transforming their lives with tech. Transitioning to tech is made easy with WorkSchool.
WorkSchool Thoughts.
How to Build a Positive Organizational Work Culture
Many companies boast about having cut-throat, high pressure, take no-prisoners culture to drive profit and success.
A high level research on positive organizational work culture has shown that not only is a cut-throat environment harmful to productivity over time, but that a positive environment will lead to dramatic benefits for employers, employees, and the bottom line.
Although the assumption is that stress and pressure push employees to perform more, better, and faster, what we fail to understand is the hidden cost incurred.
Stress.
Health care expenditures at high-pressure companies are nearly 50% greater than at other organizations. The American Psychological Association estimates that more than $500 billion is siphoned off from the U.S. economy because of workplace stress, and 550 million workdays are lost each year due to stress on the job. Sixty percent to 80% of workplace accidents are attributed to stress, and it’s estimated that more than 80% of doctor visits are due to stress. Workplace stress has been linked to health problems ranging from metabolic syndrome to cardiovascular disease and mortality.
Pressure.
A culture of fear and pressure, of a truth, can facilitate engagement among employees, even excitement. But the stress it creates will lead to disengagement in the long term. Engagement in work is mostly linked to the feeling of value, security, accomplishments, and respect.
Loyalty.
The third cost is a lack of loyalty. Research shows that workplace stress leads to an increase of almost 50% in voluntary turnover. People go on the job market, decline promotions, or resign. And the turnover costs associated with recruiting, training, lowered productivity, lost expertise, and so forth, are significant. The Center for American Progress estimates that replacing a single employee costs approximately 20% of that employee’s salary.
JOBS
Job Openings
1.Front End EngineerAmazon · New York, NY APPLY NOW
2.Backend Engineer - ConsumerSpotify · New York, NY APPLY NOW
3.Full-Stack Software Engineer IIMicrosoft · New York, NY APPLY NOW
4.Software Engineer (Leadership) - Infrastructure.
5.Facebook · New York, NY APPLY NOW
See all jobs
What’s happening
Rhodes Global Scholarships 2021 for Postgraduate Study at University of Oxford (Fully Funded)
Applications for Rhodes Scholarship are currently open. Rhodes Scholarship 2022 is a fully funded scholarship for international students. This scholarship provides a living stipend (£15,144 per annum), all University and College fees and the University application fee.
The Rhodes Scholarship is offered to international students who intend to undertake postgraduate studies at University of Oxford UK for academic year 2021-2022. Rhodes Scholarship provides the recipient with a living stipend (£15,144 per annum), all University and College fees and the University application fee. A class of 100 Scholars is selected each year from over 60 countries around the world.
Click here to apply.
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-David Atilola contributed to this article.
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