HR STRATEGY

Morning Brew Inc.

Blink and you might miss the next workplace buzzword…

In the wake of the pandemic, the tight labor market brought about “the Great Resignation.” But the labor market cooled, and we needed new ways to describe how workers were responding, so “quiet quitting,” “the Big Stay,” and “the Great Detachment” entered the chat.

Nowadays, amid layoffs, economic uncertainty, and AI transformation, some workers are “job hugging,” or deprioritizing career advancement in favor of job stability. Employees have also started “loud working,” Business Insider reported, promoting themselves at work in an effort to ensure visibility, recognition, and ultimately their jobs.

Many of these post-pandemic workplace buzzwords reflect the state of employee engagement, Liz Andora, chief people officer at DHI Group, parent company of job-search websites Dice and ClearanceJobs, told HR Brew. While loud working may be another buzzword, she added that companies and HR leaders should pay attention to the stress that brought it about.

For more on how HR should respond to the loud working trend, keep reading here.—MC

      

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HR STRATEGY

Illustration: Morning Brew Inc., Photo: Rebecca Pearce

Welcome to another installment of Tips from the Top, a series featuring HR leaders’ career advice for people professionals with big aspirations. Have insights you want to share? Get in touch here.

The best career move isn’t always a promotion. For Rebecca Pearce, Autodesk’s chief people officer, some of the decisions most critical to her development as an HR leader were those that strayed from the traditional career path.

“My career makes more sense in the rearview mirror than through the windscreen, as I often say,” Pearce told HR Brew.

After graduating university, Pearce was accepted into a graduate management training scheme—a kind of fast-tracked leadership training program offered in the UK—where she rotated through different HR functions, including generalist work, compensation and benefits, and learning and development.

She enjoyed learning different parts of the profession, and said that continued into her career. Pearce has worked in different industries, at companies of various sizes and maturity, and in multiple countries. She recommends junior HR pros consider opportunities that will help them broaden their knowledge and expertise, even if they stray from the traditional career path.

For more on why Pearce believes the best career move isn’t always a promotion, keep reading here.—PM

      

TOTAL REWARDS

Brittany Holloway-Brown, Photos: Getty Images

The American Medical Association (AMA) released an analysis on competition and vertical integration in the pharmacy benefit managers (PBMs) market in late September. To no one’s surprise, it found that concentration is on the rise and competition is falling.

The concern, the report found, is that PBMs could cause real antitrust issues.

This isn’t the first time PBMs have come under fire.

For more on the findings, and the recent government pressure on PBMs, keep reading on Healthcare Brew.—CM

      

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Francis Scialabba

Today’s top HR reads.

Stat: The Netherlands, in an effort to save $3.9 billion annually from 2035, is looking to automate with AI approximately 15% of its government workforce. (Bloomberg)

Quote: “We truly believe this is in the best interest of our company and our people.”—David Ellison and Ynon Kreiz, the CEO and co-CEO of Skydance, in an internal memo announcing the company’s RTO requirement, and voluntary buyout for eligible employees unwilling to comply (Business Insider)

Read: Microsoft has offered buyouts to 60,000 employees, or one-quarter of its global workforce. The tech giant, like many of its competitors, has been cutting costs to support its AI investments. (the New York Times)

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