New law opens way for student-athletes to get paid | Employee turnover has high costs for small businesses | Are you the source of low employee engagement?
California's new Fair Pay to Play law, signed Monday, will make it illegal for colleges to discipline student-athletes who receive compensation for the use of their likeness or for endorsements. The law has received support from many professional athletes and lawmakers, but the NCAA calls it unconstitutional and has threatened to ban California teams from competition when the law goes into effect January 2023. ESPN (9/30)
Personal vs. corporate cards Many companies ask employees to use personal credit cards to pay for business expenses. But it's inconvenient for employees and can have negative business consequences. Learn more in "Take the personal out of business travel".
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Recruiting & Retention
Employee turnover has high costs for small businesses Employee turnover is costly for small businesses, and 32% of workers are expected to leave their employer within a year. Turnover is much higher for people who earn the federal minimum wage, with 70% of these employees expected to leave, according to an analysis by benefits company Gusto. CNBC (9/25)
Why you should tailor career development Managers should not take a one-size-fits-all approach to professional development, but they should instead tailor training to the goals and needs of individual employees, write Bill Eckstrom and Sarah Wirth of EcSell Institute. Eckstrom and Wirth detail three areas that managers should discuss with employees when crafting their development plans. Training magazine (9/27)
Benefits & Compensation
Large employers eye virtual care for musculoskeletal, mental health A survey of large employers by the National Business Group on Health found many want to expand telehealth options, particularly to treat mental health and musculoskeletal conditions. Virtual care is gaining momentum as employers "seek ways to deliver cost effective, quality health care while improving access and the consumer experience," said National Business Group on Health CEO Brian Marcotte. The American Journal of Managed Care online (9/29)
The HR Leader
Guide your team to understand and accept change Minimize your team's resistance to change by allowing them to think through the problem, offer their ideas and solutions and realize why change is needed, writes David Dye. "And if they can't come up with any reasonable solutions, your ideas now have a hungry audience," he writes. Let's Grow Leaders (9/30)
Not until the empirical resources are exhausted, need we pass on to the dreamy realms of speculation.
Edwin Hubble, astronomer who formulated Hubble's Law of an expanding universe
