Job market shows slight signs of cooling in March | Shoe company gives formerly jailed women a running start | Companies seek older workers believing they work harder
U.S. companies added 236,000 workers to their payrolls last month, below the upwardly revised 326,000 in February, while the unemployment rate fell to 3.5% as hiring slightly cooled, according to the Labor Department. "The great labor market machine is finally slowing down some, but it's still got a lot of strength left," said Robert Frick, corporate economist at Navy Federal Credit Union. Full Story: The Wall Street Journal (4/6),CNBC (4/7)
91% of HR leaders say HR's role has changed. In recent years, HR's function has evolved from administrators to strategic business partners. Better understand your organization's business goals and the role HR plays in strategic planning at the SHRM Annual Conference & Expo 2023, in Las Vegas or virtually, June 11-14. Register to Attend.
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Recruiting & Retention
Shoe company gives formerly jailed women a running start Formerly incarcerated women make up 50% of the FutureStitch workforce that manufacturers shoe parts for Toms, Crocs and Everlane in California, a state where 20% of the population has had an encounter with the justice system, FutureStitch founder Taylor Shupe says. Shupe says people "coming out of the system are very entrepreneurial and have a lot of street-built skill sets that you would want for your workforce." Full Story: Fortune (tiered subscription model) (4/7)
See 5 Workplace Culture Trends for 2023 In 2023 companies will compete for the engagement and loyalty of employees who are still deciding how much of their lives to give to their jobs. What does this mean for workplace culture? Download our white paper and see how you can prepare.
Regular exercise supports cognition, brain health Two recent studies suggest that exercising regularly is an important step in maintaining brain health. In one study, researchers examined DNA and cognition in thousands of subjects and concluded that those who exercised regularly tended to preserve sharper thinking, and in the second study, investigators noted that six minutes or more of vigorous exercise could quintuple the production of a neurochemical important for long-term brain health. Full Story: The Washington Post (4/5)
Benefits & Compensation
Employers can ease burden of financial instability Workers struggling with financial uncertainty may need some extra help from their employers, and financial planning programs, earned wage access and emergency spending accounts are good jumping-off points for this, writes Tate Hackert of ZayZoom. Hackert said a recent employee survey showed that a quarter of respondents felt very stressed about their financial situations, while fewer than half had a personal budget in place to manage their monthly expenditures. Full Story: BenefitsPRO (free registration) (4/7)
The HR Leader
Don't underestimate the power of your leadership story When leaders are vulnerable enough to share stories about their own doubts and fears and how they've learned from their mistakes, they help those around them experience a sense of hope for themselves, writes Kristin Hendrix. "When we share our stories, we give someone else the ability to see how they may rewrite their ending or start a new chapter," Hendrix writes. Full Story: Leadership Vitae (4/6)
What’s your go-to workout? Those of you who follow this column know I work out regularly at my local gym. I wouldn’t say I’m a gym rat but I do enjoy the iron jungle. After a day of being shackled to my desk, I need to put my hands on heavy weights and lift. Our Health & Wellness story today talks about why regular exercise is important. So I want to know, what’s your go-to workout? What type of exercise do you do to stay sharp and healthy? If your favorite isn't listed below, let me know. And if you enjoy this brief, tell others so they can benefit also.
