Hopes for reemployment after job loss fall | Ranks of long-term unemployed continue to grow | Expert: These 4 key lessons can help with employee retention
Americans rated their chance of getting a new job after being made unemployed at 46.2% in December, a decrease from November's 47.9% and the lowest point since Feb. 2014, according to a New York Federal Reserve survey. Respondents put their chances of becoming unemployed at 15%, up from November's 14.6%. Full Story: Reuters (1/11)
A CEO’s view: Why we’re keeping our offices The future of work will look different—but coming together still matters. We're approaching our all-people, 1,500-person business differently. Read the CEO's perspective. Learn more.
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Recruiting & Retention
Ranks of long-term unemployed continue to grow Almost 4 million people have been out of a job at least six months since the coronavirus pandemic started, accounting for 37% of the unemployed. These Americans face even longer unemployment, especially in the hospitality and restaurant sectors, and many are scrambling to pivot to a different career. Full Story: CNN (1/11)
How to avoid discrimination in succession planning Two-thirds of employers unintentionally discriminate during succession planning, with men three times as likely to be selected as having high potential than women, according to a Pinsight study. Companies can take five steps to ensure fair leadership planning, including running bias training, monitoring the right data and developing selection criteria, writes Pinsight CEO Martin Lanik. Full Story: Training magazine (1/5)
PayPal has introduced a four-step initiative to improve the financial wellness of employees that covers reducing health care benefit costs, raising salaries in specific markets, allowing workers to become shareholders, and providing financial coaching and a budgeting app. The company introduced the program after identifying increased take-up of its emergency relief fund for employees and since its introduction, employee retention rates have risen and more workers are saving via 401k retirement accounts. Full Story: Reset Work (1/10)
I'm a girl from Maui -- with a weakness for chocolate, pinot noir and sports -- covering the latest news and trends in the workforce and K-20 education. We should not disregard the value -- even the urgency -- of being a lifelong learner, of continually sharpening our professional skill set. Minnesota Timberwolves legend Kevin Garnett expressed this sentiment when he won the NBA's Most Valuable Player award in 2004. "I can get better at every aspect of the game. I don't do anything perfect. I think the day that you start to say that you can't learn or you can't get better, I think, is the day that you start to tilt your hat to the crowd," Garnett said. How can SmartBrief on Workforce help you keep learning and development at the top of your organization's priority list? What information do you need? More about learning tools? Research on what works? Stories about what other organizations are doing? Tell me! Drop a line and let me know how this brief can help you.
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