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Workers returning to the office are finding the costs associated with their jobs have increased significantly in the past two years, with transportation, food and other necessities becoming more expensive. Companies are responding to this pressure with such tactics including offering free food, providing pay bumps or giving employees the option to continue remote work.
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Lower-income households particularly have felt the financial impact of the pandemic, with 28.2% of lower-income adults experiencing joblessness in 2020, compared with 7.8% of higher-income adults and 13.8% of middle-income adults, according to a Pew Research Center report. A separate Pew report chronicles shrinkage of the middle class during the past 50 years, with 61% of households fitting into that category in 1971, compared with 50% in 2021.
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Large employers could realize significant cost savings by encouraging the use of biosimilar medicines under their sponsored health insurance plans. Ford Motor Co. reported that it has saved nearly $5 million since 2019 by implementing a biosimilar strategy as part of its health coverage, and other companies are considering similar moves.
Human capital management systems have historically been insufficient as all-in-one solutions, and companies should be focused on creating easy and effective experiences for employees rather than focusing on the HCM itself, Josh Bersin writes. "It doesn't matter what the back-end systems look like -- it only matters how well systems and tools integrate into the employees' primary platform," Bersin writes.
Reengage and re-energize team members by using a one-on-one "retention review" meeting to uncover what employees are concerned about, what they aspire to and what would make their work more meaningful, writes leadership consultant Glenn Parker. Parker offers six sample questions to ask, noting that leaders must act upon what they learn in these retention conversations.
This time last year, I wrote about the Merrie Monarch Festival, an annual weeklong affair in Hilo, Hawaii, showcasing Hawaiian culture and artistry. It culminates in a three-day hula competition -- Miss Aloha Hula, hula kahiko and hula ‘auana. It’s fantastic.
Apparently you thought so also because that column received the highest number of clicks in 2021. I was tickled to see that so I thought I’d bring that back this year.
Tonight kicks off the hula portion of Merrie Monarch with the Miss Aloha Hula competition. Last year’s winner was Rosemary Kaʻimilei Keamoai-Strickland of Ka Lā ʻŌnohi Mai O Haʻehaʻe under the direction of kumu hula Tracie and Keawe Lopes. Each dancer will perform a hula kahiko (ancient hula), hula ʻauana (modern hula) and oli (chant).
Tomorrow night is the hula kahiko competition (my favorite!) and Saturday is the hula 'auana competition. They will feature halau from across Hawaii and the mainland. These dancers go through rigorous training for months -- some for years! -- to participate in this event. It’s wonderful.
So tonight, tomorrow and Saturday, I’ll be tuning in to watch. The broadcast begins at 6 p.m. Hawaii Standard Time. I encourage you to join. It’s a beautiful celebration of the history, the culture and people of our 50th state.
*throws shakas*
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