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Last week, there was an explosion of news about the labor force that rocked the stock market. The big surprise was that hiring was significantly higher than expected. There was some good news: hiring was lower than in April by…
Read More Stay ahead of labor force trends by improving your organizational culture
Executives are in a quandary. The economy is growing but the Federal Reserve is determined to reduce inflation to two percent. With US workers in short supply, it is not wise to lay off this precious resource unless your business…
After two years of burnout from Covid-19, Gen Z employees have begun to set boundaries, focus on a life outside of work, and have a better work-life balance. They call it “quiet quitting.” Their viewpoint also comes with less enthusiasm…
Only 12 percent of HR respondents have a regular cultural assessment strategy for assuring their workplace culture stays on track, according to a 2021 Talent Management State of the Industry survey. This result is extraordinary because having a toxic work culture…
Read More Your corporate culture may be the No. 1 cause of employee turnover
In a 2022 report on HR Trends, Trust Radius has concluded that most HR professionals are pleased with the success of remote work implementation and employee wellbeing. But, at the same time, HR professionals have been challenged and exhausted by…
At the end of last year, I identified top strategies for HR in 2022. In the 2020s, HR strategies are shifting to reinstating powerful, comprehensive talent management strategies to offer employees careers with purpose, excellent pay and benefits, and equity…
Many organizations trying to fight falling employee engagement numbers are making a mistake. Frankly, now is not the time to deal with such matters. Instead of launching another employee engagement survey, listen to your employees’ frustrations and begin to work…
Read More Stop fretting over falling employee engagement. Go to the source.
There is long-standing empirical research demonstrating how corporate culture improves organizational innovation, productivity, and profit. Now, evidence is emerging that healthy organizational cultures are also the best way to beat the Great Resignation. Two weeks ago, MIT researchers uncovered that…
Read More Corporate culture drives business performance — and employee retention
The US economy is in an unusual position, and so are employers. Demand is strong. Consumers are flush with cash and spending more. Vaccinations rates are rising, and Covid19 cases have fallen by a third across the country. Normally, we…
Read More Five strategies to overcome the US’s labor shortage of the 2020s
Clients and HR leaders frequently ask me how to calculate the cost of employee turnover. The cost of turnover is a critical measure to determine how effectively the workforce is aligned to the organization’s mission, values, and culture and the…
Read More How to calculate and strategically use the cost of employee turnover.
