How low voluntary turnover is affecting employers | Gen Z employees on what they want from work | AI-enabled workers can add efficiencies to an organization
The national quitting rate remained at 2.3% for the third consecutive month in September, per the Labor Department, while a survey by Adecco reveals 73% of employees intend to stay in their job, an increase from 61% in 2022. Employers talk about the sudden drop in voluntary turnover and its effect on promotional opportunities and budget planning. Full Story: The Wall Street Journal (11/6)
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Recruiting & Retention
Gen Z employees on what they want from work Four female Generation Z ad industry employees share their thoughts on the future of work and what they want from their employers. They talk about why a flexible, hybrid approach is best, why pay and mental health are equally important, the need for more mentorship and promotion opportunities, and why a diverse workplace is crucial. Full Story: Ad Age (tiered subscription model) (11/6)
How employers can support moms returning to work Employers must address the barriers faced by women who want to return to the workforce after having children, and can ease their path back by implementing flexible working, maternity benefits and employee assistance programs, writes Trevor Bogan, regional director Americas at Top Employers Institute. "Women are the backbone of any workforce, and supporting them to return to the workplace after taking a break is critical for employers of choice," Bogan writes. Full Story: Training magazine (11/6)
Benefits & Compensation
Excess retirements persist from pandemic The coronavirus pandemic appears to be having a lasting impact on the labor force, as there are still two million more retirees than a Federal Reserve model would suggest. "While the gap seemed to be closing earlier in the year, it seems to have widened slightly since then," said Miguel Faria-e-Castro, a policy adviser with the Federal Reserve Bank of St. Louis. Full Story: BNN Bloomberg (Canada) (11/6)
You can undermine your team and your leadership if you avoid dealing with uncomfortable issues, are constantly angry with your team, or keep reorganizing your team and their tasks, writes Marlene Chism. "Stop moving the chess pieces on the board and instead use your courage to speak to a new possibility," Chism writes. Full Story: SmartBrief/Leadership (11/6)
SmartBreak: Question of the Day
By the time George W. Bush was declared the winner of the 2000 US presidential election, everyone knew the word "chad." Where did the male name Chad rank on the list of popular baby names in 2000?
I managed a restaurant -- a dinner house -- in my early 20s. I was great with operations and working with customers, but when it came to being a boss, I struggled. Many of the folks I managed had been my friends before I was promoted. I felt awkward enforcing policies and meting out discipline. My discomfort was obvious. So, I’d lean toward overlooking certain issues and kick big problems to my bosses. The experience left a bad taste in my mouth for managing people. It would be more than 20 years before I took on such a role again. When I did, though, I was in a much better place to lead. I had developed a Teflon skin and was able to embrace confrontation without taking it personally or letting emotions run away from me. Marlene Chism talks about leaders who walk on eggshells to avoid awkward situations in today’s HR Leader story. I liked what she said about expanding our “conflict capacity.” Chism advises us to “[f]eel the fear, but go ahead and disagree. Deliver bad news. Represent yourself honestly instead of cautiously…Feel the discomfort, but don’t say anything…You may suffer temporarily, but you won’t die and neither will they.” She’s right! Pushing ourselves to feel fear and discomfort sparks growth. It makes us tough, but not hard. It helps us be confident, but not egotistical. It lets us better serve those on our team and bring out the best in them as well. What do you think? Did any of Chism’s negative leadership behaviors resonate with you? Let me know! And if you enjoy this brief, tell others so they can benefit also.
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