The Memo: Red flags
Plus: Paycheck-to-paycheck problems.
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Dell $DELL will reportedly start monitoring the in-office attendance of its U.S. employees who are classified as hybrid workers by tracking their badge swipes — and employees who don’t come in enough are getting a literal red flag.
The tech giant told employees that as its “next step in implementing our Hybrid Work Policy, we will track onsite presence using badge swipes for hybrid-designated team members,” according to a memo reported by Business Insider. Hybrid employees are now able to see their weekly site visit data on the HR platform, Workday $WDAY, and this data will be used to determine if they get a blue, green, yellow, or red flag at the end of the quarter.
The color of a hybrid employee’s flag — yellow flags are for some onsite presence, and green flags for regular onsite presence — will be taken into consideration during performance reviews, rewards, and compensation.
Dell’s decision is part of a growing trend of corporations pulling the plug on remote work. Last week, Walmart $WMT ordered a majority of its remote workers to relocate to one of three of its central hubs — you can read the full memo to employees about that change here.
More money, more paycheck-to-paycheck problems
A majority of Americans say they are living paycheck to paycheck — including high earners.
As of January, 62% of U.S. consumers said they lived paycheck to paycheck, including 48% who earn more than $100,000 annually, and 36% of those annually earning more than $200,000, according to a recent report by data and analytics platform PYMNTS.
The reasons for living paycheck to paycheck are different between the different earnings levels. While low-income consumers cited insufficient income as the top factor, high-income consumers reported that family expenses are the top reason they live paycheck to paycheck, followed by non-essential spending. It also matters where people live, and of course, inflation is playing a role.
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Send questions, comments, and green flags to [email protected]. This edition of The Memo was written by Britney Nguyen, Rocio Fabbro, and Morgan Haefner.