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Great Resignation 2.0
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Is it coming? Recruiting experts weigh in.
September 09, 2024 View Online | Sign Up

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Indeed

Happy Monday! Apple will likely unveil the new iPhone today, so your phone will likely slow down and lose battery in 3, 2, 1…

In today’s edition:

Take two

Fill your (career) cup

World of HR

—Paige McGlauflin, Adam DeRose, Kristen Parisi

RECRUITMENT & RETENTION

Great Resignation, round two

Hands hovering over crystal ball with sticky note that says "I quit". Illustration: Anna Kim, Photo: Adobe Stock

These days, you practically need a crystal ball to predict what will happen next in the labor market.

While the Great Resignation may have felt like a once-in-a-lifetime event, as people moved to new jobs at record-high rates, there’s been some speculation that it could happen again, and soon. However, recruitment experts who spoke with HR Brew had varying opinions about whether that may transpire.

For a second Great Resignation to occur, experts agreed that several things would need to happen: Businesses would need access to more capital, allowing for more hiring, and the labor supply would need to tighten, creating more competition for talent. Some experts that spoke with HR Brew said the combination of low employee engagement and workers sitting tight in a slowing economy suggests employers are sitting on a ticking turnover time bomb. Others believe the Great Resignation was too rare an occurrence to repeat itself.

“There’s a lot of dominoes that have to fall to create a Great Resignation 2.0,” Adam Stafford, CEO of recruitment marketing platform Recruitics, told HR Brew.

Keep reading here.—PM

   

PRESENTED BY INDEED

Making it work

Indeed

Announcement alert: Business Insider recently named the members of its Workforce Innovation board. It’s a foundational pillar of The Better Work Project, a partnership between Business Insider and Indeed.

This group of diverse enterprise leaders represents an array of functions and industry verticals + will participate in roundtable chats focused on four key themes: AI, changes in the C-suite, work well-being, and DE&I.

Their goal? To help leaders navigate the bumpy road facing every industry by uncovering workplace trends and new approaches to work, hiring, and business growth.

Read on in this board announcement article.

TECH

YOUR career path

image of workers climbing a staircase and one person on a ladder with no where to go Ir_stone/Getty Images

For HR professionals feeling stagnant about their careers, or simply curious about what the next role might look like, HR industry analyst Josh Bersin has a new tool for you.

The Josh Bersin Company last month released its HR Career Navigator tool. With a résumé or LinkedIn profile, every HR pro—regardless of subfunction—can understand how their skills, competencies, and specializations stack up.

The tool offers users a look at what professional development might be needed to move up or across the function, and can connect people pros to others for guidance and mentorship.

“Companies do not invest in this profession at all,” Bersin said. “The amount of money spent on career development for non-HR people is 10–20 times higher than it is for the HR people. So somehow everybody in HR is expected to make everybody else’s career better and somehow figure out how to manage their own in their spare time.”

Keep reading here.—AD

   

HR STRATEGY

No coffee for you

The top of a globe with a phone, notebook, laptop, glasses, iPad and coffee cup floating above it Francis Scialabba

Stepping out of the office to grab coffee (and gossip) with colleagues is a time-honored work tradition—one that Chris Ellison, managing director of Mineral Resources, wants to eliminate at his Australian mining firm.

Where in the world? Ellison believes that when his workers aren’t in the office, they’re costing his company money. With that in mind, Mineral Resources opened new offices in 2022 with amenities meant to keep workers close to their desks, including a daycare, restaurant, and gym, Bloomberg reported.

“I want to hold them captive all day long,” Ellison said during a presentation about the company’s financial situation. “I don’t want them leaving the building…I don’t want them walking down the road for a cup of coffee. We kind of figured out a few years ago how much that costs.”

Satellite view. While his words may have been gauche, Ellison’s strategy of ensuring employees have everything they need at work isn’t unheard of.

Keep reading here.—KP

   

TOGETHER WITH HEADSPACE

Headspace

Pre-election jitters? Well, turns out they’re more than just “jitters.” The American Psychiatric Association found that 73% of US adults are experiencing increased anxiety due to the upcoming presidential election. That’s why Headspace is hosting a webinar covering five strategies to manage election anxiety in the workplace. HR and benefits leaders, you’re gonna wanna check this out.

WORK PERKS

A desktop computer plugged into a green couch. Francis Scialabba

Today’s top HR reads.

Stat: More than half (55%) of business owners believe that employee experience expectations have increased. (isolved)

Quote: “I’m glad they have all learned sign language for us because I can talk and I lipread the hearing person, but I have my limits. If you reverse the situation and the hearing person can sign and speak, they have no limits.”—Michael Connolly, a Deaf autoworker at Nissan UK, on how his coworkers learning sign language has broken down communication barriers in the workplace (ABC News)

Read: Microsoft is increasing the diversity of its AI teams to reduce technology’s potential for bias. (BBC)

Work it: As a foundational pillar of The Better Work Project, a partnership between Business Insider and Indeed, Business Insider recently announced the members of its Workforce Innovation board. Read the big news.*

*A message from our sponsor.

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