Remote work may be helping the Federal Reserve tame inflation, as some employers that allow work-from-home arrangements are paying lower wages than they otherwise would, according to a working paper published by the National Bureau of Economic Research. Employees, meanwhile, may view remote work as a form of nonfinancial compensation. Full Story: CNBC (8/3)
The benefit they'll brag about. Do you know how much student debt is stressing out your workforce? Consider this: about half of U.S. employees would rather get their student loans paid off than get a promotion. Source: SoFi Workplace Financial Well-Being Report. Here's how to help.
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Recruiting & Retention
Why and how to welcome former employees back Many employers are welcoming former employees back to their companies as attitudes toward "boomerang" workers shift, HR executive Laura Coccaro writes. Alumni networks, programming for returning employees, and tweaks to onboarding and offboarding are among the ways to ensure success, Coccaro notes. Full Story: Fast Company (tiered subscription model) (8/3)
A 10-step plan to engage introverts in remote work Support for introverted team members in remote work settings allows employers to tap into introverts' strengths, which include independence, focus and attention to detail, Freedom to Ascend founder Hanson Cheng writes. Cheng offers a 10-step plan to engage introverted employees, from analyzing individual work styles to scheduling one-on-one check-ins regularly. Full Story: StartupNation (8/3)
Technology
Amazon joins other big tech companies in cutting jobs Amazon eliminated 100,000 positions in the previous quarter and said its hiring is at the slowest pace in three years. Other large technology companies have laid off tens of thousands of employees and enacted hiring freezes since January. Full Story: Insider Intelligence (8/2)
The HR Leader
Why asking "why" can empower your leadership "Why" is a crucial word in leadership, writes Steve McKee, because it can reveal motivation and help teams understand decisions that may affect them. "Helping people understand why you're cutting that product line, why the organization is going remote (or not) or why the company won't take a position on a controversial political issue may not satisfy everyone, but a logical explanation goes a long way in rationalizing even the most potentially unpopular opinion," McKee writes. Full Story: SmartBrief/Leadership (8/3)
About the Editor
Kanoe Namahoe
My son, Kiahapua, is a self-proclaimed introvert. He’s not anti-social -- he’s friendly, kind and likable -- but prefers the company of his wife and children and in-laws to crowds and large gatherings (other than church). And though he likes (and is liked by) his colleagues and managers, Kiaha infinitely prefers working from home than from the office. He is a network engineer. He spends his days untangling thorny network issues for his clients. Working from home lets him focus, take his time, zero in on the details and hammer away at it until the problem is solved. His success rate is high and he’s won the respect and trust of his managers and clients. Today's Benefits & Compensation story talks about how you can get the best from the introverts in your organization. Don’t let their quiet, reserved personalities fool you. They’re seeing everything happening around them, are drilling down into the details of a project and have creative solutions for challenging problems. They’re very likely some of your brightest stars. How can I serve you better with this brief? Let me know! And if you enjoy this brief, tell others so they can benefit also.
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