[Fox Business] Why the viral trend ‘chronoworking’ is making waves among employees and employers

Viral career trends often have negative tones. Think of “resenteeism,” “bare-minimum Mondays” and “quiet quitting,” for example.

But the latest career trend known as “chronoworking” might actually be beneficial for all involved if it’s implemented with care in the business environment, according to work experts.

The trend prioritizes flexibility for employees based on their work styles. 

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Here’s a deeper dive into this emerging practice and what’s involved.

Employees work according to their chronotype — or their individual circadian rhythms.

This means more flexibility. 

A person’s circadian rhythm can impact how awake he or she feels at different points in the day — and the working arrangement would take that into account. 

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“For example, when we think of ‘night owls’ and ‘early birds,’ we are thinking of chronotypes,” said Julia Lyons-Ryle, an HR performance specialist with Insperity in Austin, Texas.

Chronoworking empowers employees to work a schedule that suits their circadian or life rhythms, she said. 

“For example, a perpetually exhausted night owl can shift their schedule, so they have the energy they need to socialize or run errands after work — or employees with families can also adjust their hours to better accommodate their home life, while still delivering quality work and meeting company goals.”

“The work-life balance benefits can be significant.”

When people are in tune with their circadian rhythm, they may work better and more efficiently. 

“It can improve productivity and focus as well as enable workers to feel more autonomy over their schedules,” said Nicholette Leanza, a therapist at LifeStance Health based in Beechwood, Ohio. 

“This can also boost their motivation and job satisfaction — and help reduce feelings of stress and burnout.” 

Companies can benefit from promoting more flexibility with employee schedules — and they’re recognizing the benefits of employee well-being and satisfaction, according to Leanza. 

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“Happy and content employees tend to be more productive employees, which obviously benefits the company,” she said. 

“I also think that companies are seeing how ‘one size fits all’ schedules can contribute to employee burnout and job dissatisfaction.”

From a psychological point of view, Leanza said that there are quite a few benefits for workers and companies.

For workers, it’s the positive psychological effect of reduced stress and anxiety, which will contribute to having better overall mental health and well-being, she said. 

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“It may also increase their self-esteem as they feel better and more productive about their job,” Leanza said.

“Also, feeling that they have more control and autonomy over their schedule enables them to feel more positive about their company and like they matter to the company.”

For companies, embracing chronoworking fosters respect for individual work styles and builds employee trust, she said.

“It also helps build a more positive work environment, which will decrease burnout and improve productivity.”

Some people know their chronotype already based on their experiences, said Amy Morin, a psychotherapist and author of the book, “13 Things Mentally Strong People Don’t Do,” based in Marathon, Florida. 

“Other people might benefit from paying closer attention and logging the times when they feel most alert and productive, as well as dips in energy and their sleep patterns,” she suggested. 

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There are online tests people can take to learn more about their type and how to maximize it. A Google search can be a useful resource.

For some companies, Morin said, flexible scheduling isn’t an option due to deadlines, business hours and other factors. 

“It’s also important to note that while someone may be naturally more included to work later, their home life may not be in line with that,” said Morin.  

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For instance, those with young children may find it’s best to start working earlier in the day, as they need to wake up early anyway (or rise early before the children do). 

Still, there’s a reality for businesses to consider, too. 

“Most companies still need to hold meetings — and there isn’t going to be a time that’s best for everyone,” added Morin. 

“Or they may need to have deadlines that don’t necessarily coincide with someone’s desired schedule.”

Lyons-Ryle of Insperity said flexible work options tend to be appreciated by workers.  

Here are three ways businesses can consider chronoworking, she said.

Flex schedules are already a popular benefit to promote work-life balance. 

“With a flex schedule, workers can shift their core hours, for example, by working from 10 a.m. to 6 p.m. instead of 9 a.m. to 5 p.m,” Lyons-Ryle noted. 

Even so, continuity is still an important variable. 

“You may want to enforce some overlap every day. For example, requiring employees to be online from 12 p.m. to 2 p.m. will encourage chronoworking while allowing for teams to come together on a regular basis,” she suggested. 

Lyons-Ryle told Fox Business that a significant challenge with any type of asynchronous working, including chronoworking, is that employees may not be able to collaborate in real time. 

“That makes communication even more critical to their success, and the success of your business,” she offered. “Team members and managers need to be aware of one another’s working hours so they can meet when they need.” 

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That could involve meeting outside of someone’s typical chronoworking schedule. 

Jeri Hawthorne, chief human resources officer at Aflac in Columbus, Georgia, told Fox Business that employees are asking employers to think about workers’ value proposition in new and different ways. This includes concepts such as chronoworking as well as other flexible work practices

“They want employers to think about the whole person rather than just as an employee,” said Hawthorne. 

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“Flexibility in the workplace continues to be a top ask of employees, and employers are still navigating striking the right mix of flexibility while continuing to drive stellar business results,” Hawthorne said.

“At Aflac, we are always looking to ensure that our offerings and overall employee experience is relevant and informed.” 

Many U.S. companies continue to strive to make employees feel appreciated. 

“We know that every work place is different, but one thing we’ve learned is that we can show our people that we care about their well-being by reexamining what we offer in terms of benefits and flexibility, in addition to how we continue to reach them and advocate for them, no matter how or where they work,” Hawthorne said.

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[Fox Business] Microsoft co-founder Bill Gates reportedly sells home in Washington in fast deal

Bill Gates reportedly now has one fewer home.

That became the case earlier this month after the Microsoft co-founder reached a deal to sell a 2,430-square-foot house he owned in Medina, Washington, according to Realtor.com.

How much the property ultimately went for is unknown. It was originally put up for sale on March 29 with an asking price of nearly $4.989 million, per the outlet. 

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Gates worked with RE/MAX Northwest to sell the house, Fortune reported. RE/MAX’s listing showed a “pending” status for the “mid-century modern” home.

FOX Business reached out for Gates’ comment.

The property boasts “spectacular & awe-inspiring 180-degree Lake Washington, Seattle skyline & Olympic mtn views,” the listing said.

It sits on a 0.61-acre lot. It also comes with a large deck and zen garden.

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The house itself contains four bedrooms and three full bathrooms, according to the listing. It has been equipped with radiant heated floors, too.

The other home Gates owns in Medina remains under his ownership, Realtor.com. It has been referred to as “Xanadu 2.0.”

The tech billionaire invested tens of millions of dollars into building that 66,000-square-foot house, FOX Business previously reported.

Medina is located in King County, where Microsoft has long had its headquarters. 

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Gates spent 15 years as the CEO of Microsoft, with his tenure ending in 2000. He exited the tech giant’s board in 2020 to “dedicate more time to his philanthropic priorities including global health, development, education, and his increasing engagement in tackling climate change,” Microsoft said at the time.

The tech billionaire still owns roughly 1% of Microsoft shares, according to Bloomberg.

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[Fox Business] 60th anniversary: See the Ford Mustang through the years

Ford Motor Co. celebrated the Mustang’s 60th anniversary on Wednesday with the pony car now in its seventh generation, having become an icon of the American auto industry.

The Ford Mustang debuted April 17, 1964, at the New York World’s Fair and has carved out a unique legacy in the decades since its launch, even as its features have changed over time.

“Mustang has stylistically and performance-wise been a vehicle that appealed to the masses — anybody who wants a cool-looking car that goes fast, Mustang is there for you,” Ford Heritage Brand Manager Ted Ryan told FOX Business.

Here’s a look at the Mustang’s evolution since its debut 60 years ago:

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“Out of the first million that were sold, 43% were sold to women because, as Carroll Shelby derisively said, ‘It’s a secretary’s car.’ Well, it could be — you could put a little 289 engine in and have a three-speed automatic, but you could also go up to the V8. You could turn the Mustang into whatever you want it to be, and it’s really reaching back into its DNA today,” Ryan said.

“We know so much about the audience that we were catering to,” Ryan said. “From [late Ford exec Lee] Iacocca’s speech that night when it premiered to the media, he talks about building a car for the baby boomer generation. Our marketing had failed so miserably with the Edsel, but on this one we got it right.”

Ryan noted that Ford has a significant amount of documents from the era in its archives that shed light on the automaker’s intent with the Mustang.

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“The code name of the project was the ‘Special Falcon Project,’ and throughout those notes it would say ‘a sporty, stylish vehicle that will appeal to a younger buyer,'” Ryan explained. 

“In a lot of cases, first-time buyers, because suddenly we know there were more college-educated buyers because of the GI Bill, more double incomes because of women entering the workforce, which spells out the fact that 43% were sold to women. So they were looking for a car for a new generation.”

Ryan noted that although the third-generation Fox Body Mustangs, which were built on the chassis of Ford’s Fox platform, were “much-maligned,” they marked an era “where Mustang really kind of rediscovered its groove with increased horsepower and the ability to go fast.”

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“Mustang’s a core part of the lineup, it’s a halo product for the brand, it draws people into Ford,” Ford Mustang Brand Manager Joe Bellino told FOX Business. 

“Whether you’re racing a Mustang and you need to tow it to the track, you’re using a Super Duty or F-150, or your second car is an Explorer,” he added. “It’s grown with families, it transcends families — my dad had a Mustang, I have a Mustang — it kind of gets passed down from generation to generation.”

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“In the last few years, especially with the seventh-gen, we’ve got a Mustang that appeals to everybody,” Bellino said. “We’ve got an EcoBoost four-cylinder, we’ve got a V8, we’ve got a Dark Horse, we’ve got a GTD, so we’ve got this huge range of offerings.”

“It’s as much a part of our lineup now as it was 60 years ago, and it’s going to be 60 years into the future, too,” he added.

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