In the wake of George Floyd's killing, we've seen a lot of companies issue bold statements and pledge money to efforts aimed at ending racial inequality.
But company leaders need to go further than that: They should do more to support their black team members and create opportunities for them to advance, reports CNN Business' Jeanne Sahadi.
The first thing leaders need to do is acknowledge that racism exists, said Crystal Ashby, interim head of the Executive Leadership Council, which aims to build an inclusive leadership pipeline in companies.
And then they need to acknowledge that it exists in their own workplace.
"[It's] not just 'out there,'" wrote Erin Thomas, the head of diversity, inclusion and belonging at Upwork, in a Twitter thread titled "Dear Company Leaders."
"It's hardwired into your organizational structures, team dynamics and individual employee experiences."
Ashby told CNN Business' Sahadi that black professionals often face a "concrete ceiling" at work that makes it hard to move up the career ladder.
So it's time to level the playing field.
Leaders and managers must make sure black employees have the same opportunities and access to resources as their white peers, Ashby said.
Things like projects to manage and stretch assignments to raise their profile.
More immediately, leaders and managers should acknowledge the grief their black employees are feeling. If you're a manager, check in with your black employees, wrote Sahadi.
And, as the manager, don't make it about you and how you are feeling.
"That's asking someone going through grief to handle your emotions," said Michael Kraus, a social psychologist and professor at the Yale School of Management.
Click here to read the full story on how managers and leaders can help black employees.
Is now the time to switch careers?
Find yourself thinking that it might be time for a career change?
Big life events tend to do that.
But it can also be scary to think about switching careers during a time of such economic uncertainly.
You just need to ask the right questions.
What are my transferable skills? Even if you are jumping to a completely new industry, you have some skills that will be applicable in your desired profession. What you have to do is figure out how.
Start by making a list of both your hard skills (like accounting) and soft skills (those killer communication skills or critical thinking) and see where they could line up with your intended career.
This step is key when interviewing. You will have to show how your experience can help a potential company.
Who do I know that can help? Switching careers is going to take some time and it will help to have an ally in your corner. Try and find someone already in the industry who can help make introductions, give you insight into specific training or experience to gain and act as a mentor.
First, tap your established network and then look to see if there are any relevant professional groups on networking sites like LinkedIn, or industry associations you can join.
Can I afford to make a shift? There's a good chance you will be making less money in your new career -- at least at first. That's OK, as long as you properly prepare for life on a smaller budget.
As you are gearing up to make the leap, get your budget in order. Start tracking your expenses and do a gut check to see what spending can be cut to help beef up your savings.
For more questions to ask before making a career transition, click here.
People are actually volunteering to be laid off
Now doesn't really seem like a great time to raise your hand and volunteer to leave your job.
But that's exactly what many people are doing.
More than 10,000 people have accepted buyout offers, reports CNN Business' Chris Isidore.
And more could be coming.
It makes sense that a company would want to offer buyouts. It can help shrink payrolls without having to make involuntarily job cuts. It can save money by encouraging more senior-level workers (read: higher paid) to leave and can help morale when people quit on their own terms.
For workers, buyouts can provide a cash injection if they were already considering switching careers or if retirement is just around the corner.
The generosity of buyout offers vary and some workers worry that they could be faced with "involuntary" leave if they decide to pass.
Click here to read which companies have offered buyouts recently and why we could see even more this summer.
Help wanted
While May's jobs report was better than expected, millions of people are still looking for a job.
And there are some companies looking to hire right now, according to CNN Business' Chauncey Alcorn.
With so much online shopping happening these days, some retailers and grocery store chains are in need of workers.
Discount grocery chain Aldi's is looking to fill more than 4,000 job openings across the country, while Kroger and its subsidiaries are looking for nearly 6,800 new hires.
Dollar General is continuing its hiring spree, and has job postings for its stores, distribution centers and its corporate offices.
PayPal is also looking for new team members as demand for non-contact digital payment use spikes. It has more than 800 job openings.
Looking for more job opportunities? Check out the full list here.
Where the jobs are coming back
As more states and cities start to hit the unpause button, some people are getting back to work.
CNN Business' Shannon Liao breaks down the occupations that have reported the most gains:
Restaurant and bar workers: Dining out is going to look very different than it did at the start of the year, but restaurants and bars added back nearly 1.4 million jobs in May as they started reopening, data from the Bureau of Labor Statistics showed.
Construction workers: Projects are resuming -- which means construction workers are back on site. The number of jobs in the industry rose by 464,000 in May, gaining back nearly half of April's losses.
Dentists: The overall health care industry saw a bump of 312,000 jobs last month. A big part of that boost was due to dental offices, which added 244,800 jobs as they reopened.
Retail workers: Thanks to store re-openings, 367,800 jobs in retail returned last month.
Click here to read the full list of occupations leading the jobs comeback.
Coffee break
Coronavirus has changed pretty much every part of our lives. It's also created a whole new set of etiquette questions.
And if I am being honest, it can get a little awkward sometimes.
Like, when you are grocery shopping and someone forgets the six-feet rule.
Or your kid is invited to a play date and you want to know what safety measures will be in place. Or someone tries to hand you something or goes in for a handshake.
We're all still trying to figure out life in this new reality and it's going to take some time and probably some uncomfortable conversations.
But this guide will help: CNN's AJ Willingham breaks down how to handle potentially awkward social interactions.
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June 10, 2020 at 04:12AM
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How to smash the 'concrete ceiling' at work - CNN
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