Workers are stressed about their finances | AI safeguards are part of tentative Writers Guild deal | Employee relationship management can drive real results
Wages and salaries are being eclipsed by the cost of living, say 67% of workers, an increase from Feb. 2022's 58%, according to the Bank of America. In addition, 64% of workers are stressed about money, climbing to 80% among those ages 35 to 44, and only 38% of women feel financially secure. Full Story: CNN (9/25)
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Recruiting & Retention
AI safeguards are part of tentative Writers Guild deal A five-month strike by the Writers Guild of America could end under a tentative agreement between the union and the Alliance of Motion Picture and Television Producers. Before production on programs such as talk shows can resume, WGA members must approve the deal, which would include a boost in streaming-content royalty payments and safeguards against encroachment by AI on writers' credits and pay. The actors union has not yet reached an agreement to end its strike. Full Story: The Associated Press (9/25),The New York Times (9/25)
4 Trends in Employee Learning & Development L&D has undergone a profound transformation in recent months as the age of the pandemic ends, much of the workforce returns to the workforce, and the era of AI begins. This eBook looks at four emerging trends in L&D today. Access eBook »
Leadership actions to foster DEIB A company's diversity, equity, inclusion, and belonging efforts must be championed by the C-suite, writes Ivori Johnson, who outlines actions leaders can take. "[W]hile hiring and employing diverse talent is important, building a culture that's intentionally inclusive and supportive is also critical, making employees feel heard, respected, and valued," Johnson writes. Full Story: Training magazine (9/20)
Benefits & Compensation
Report finds Gen X members not saving enough to retire A National Institute on Retirement Security report found that the outlook for Generation X members' retirement savings is not positive as they get closer to the end of their careers. Main findings of the report include a median retirement savings level of just $40,000 for this population, with Tyler Bond of NIRS noting that amount is insufficient to maintain a standard of living. Full Story: BenefitsPRO (free registration) (9/22)
Retaining employees needs to be a long game that starts before they're hired and continues for the duration, author and consultant Alaina Love writes. Connect people to purpose, develop an intentional onboarding and support process, pay them fairly and help them grow, Love says. Full Story: SmartBrief/Leadership (9/25)
SmartBreak: Question of the Day
Kongo Gumi, a construction firm established in 578 AD, is known as one of the oldest businesses still in operation. Not quite as old, but which one listed here is oldest?
I hated being called on in class, especially during math lessons. I struggled with numbers and it was embarrassing not to have the right answer -- especially if I was in the front of the class at the blackboard. I always felt like I was being revealed as the one who didn’t study hard enough or was dumb. I never forgot that feeling. When I began working on content marketing projects, that fear of the “Gotcha!” moment stayed in my head. I’d often manage projects on my own so if a mistake happened or if I missed a deadline, I was the only one who knew and could scramble to make it right. I never wanted anyone to see that I was struggling or that I needed help. I was terrified folks would think I was not up to the job. Like Wella Company CEO Annie Young-Scrivner, I believed the myth of perfectionism and it sent me spiraling down a black hole of stress. Thankfully, I had a terrific manager who saw me spinning and knew something wasn’t right. He caught the errors and we had an honest conversation. He just shook his head when I admitted what worried me. “Kanoe, you’re excellent at what you do; you’re not going anywhere,” he said firmly, but gently. “And of course you need help. The business has grown -- thanks to you! You have to be honest with me about that. Otherwise, the whole ship goes down.” He was right and I felt worlds better. Within a couple weeks, I had a project manager and we went on to do terrific work together. Transparency brings freedom. How do you encourage your team members to speak up when they’re under water or unsure about something? Let me know! And if you enjoy this brief, tell others so they can benefit also.
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