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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.
For the second year in a row, the US celebrates Labor Day during a dramatic transformation of work and high anxiety for CEOs and workers. The difficulties presented by a chronic labor shortage of skilled and unskilled jobs are complicated…
Read More Four disruptive steps to transform the work environment and finally beat Covid-19
Gallup released its venerable State of the Global Workplace Report for 2021 this month. Surprisingly, workplace engagement rose to 36 percent in 2020, the year of the pandemic, a one percent increase for both the US and Canada. But, stress…
The turnover tsunami is here. There are 9.3 million US open jobs, which is the highest number since 2020 and almost twice the number of a year ago, and it nearly matches the 9.8 million unemployed. In normal times, a…
A recruiter told me last week that job ghosting has started up again, even after her company moved its pay levels to market competitive levels. The prediction I made to her is that by August, the US will have more…
Read More Is your employer brand ready for a labor shortage in 2021?
When one of your children grows up to be a Hollywood comic, you get used to your parenting style and idiosyncrasies being the fodder of jokes in comedy clubs across the country and post-pandemic online. My daughter is a Millennial…
Read More Tips from a Hollywood comic: Address stress in the workforce
In an economy of full employment, you must lure workers away from their existing jobs with something new or substantially more. A survey released on July 25, 2018, by Harris Poll (in collaboration with Glassdoor), identifies the priorities job seekers…
Executives are spending more time investing in the career development of employees. Why? They want to retain their talent. This is smart thinking as the cost of retention is less expensive than recruiting in today’s tight talent economy. Now is…
Read More Career development provides a better return than recruiting
A recruiter complained to me recently about Millennials, “I have so many Millennials who do not show up for their interviews. Once they are hired, our managers have a hard time motivating them, and their turnover is high. It’s not…
Read More Tired of Talking About Millennials? Me Too. But Two Juggernauts Are Coming…
