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How HR can help reduce the risk of turnover following an M&A.
April 29, 2024 View Online | Sign Up

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Happy Monday! Commuting and working alongside your significant other every day may sound like a recipe for disaster, but it doesn’t have to be—this HR Brew reporter’s parents did it for decades and just celebrated their golden anniversary. But you may want to refer to your office romance policy first…

In today’s edition:

Stay, stay, stay

Legislative lowdown

World of HR

—Amanda Schiavo, Courtney Vinopal, Kristen Parisi

RECRUITMENT & RETENTION

Deal or no deal?

Wasan Tita/Getty Images Wasan Tita/Getty Images

Are you ready for it? (Be honest: You read that in Taylor Swift’s voice, didn’t you?)

While still down overall, corporate M&A deals are expected to rise 12% year over year in 2024, following a 9% dip in 2023, according to the EY-Parthenon Deal Barometer. HR pros at companies contributing to that increase may want to keep an eye on their talent: 47% of workers leave their organization within one year of a merger, Ernst & Young found.

HR can help reduce the risk of turnover following an M&A deal by proactively communicating with employees from the start of the deal-making process, Chris Hagedorn, senior partner in McKinsey’s transformation practice, told HR Brew.

“The CHRO role has always been a pivotal role in M&A activity because the people equation, when you bring two organizations together, is always the most challenging, the most difficult, and the one you actually have to be out in front of the most,” Hagedorn said. “CHROs who are successful in this environment are the ones who play an incredibly active role in the M&A cycle very early on.”

Keep reading here.—AS

   

PRESENTED BY BETTERHELP

Mental Health Awareness Month is approaching

BetterHelp

May is Mental Health Awareness Month, and there’s no better time to become, well, *aware* of some important numbers. Did you know the effects of depression and anxiety cost the global economy an estimated $1t every year?

If your business is struggling, it could be a sign your people are struggling, too. Luckily, that’s where BetterHelp comes in. Their new service makes it simple for employers to offer online therapy as a workplace benefit.

BetterHelp Business gives organizations access to the largest network of vetted licensed therapists. The platform is built specifically for HR professionals, so you can count on a functional, straightforward interface that’s easy to manage.

Now’s the time to amplify access to mental healthcare for your employees. Request a demo to begin.

COMPLIANCE

Legislative lowdown

Legislative Lowdown recurring feature illustration Francis Scialabba

The Pregnant Workers Fairness Act (PWFA), which requires most employers with 15 or more employees to provide “reasonable accommodations” to workers who are pregnant or dealing with related medical conditions, has now been in effect for nearly a year.

Now, the Equal Employment Opportunity Commission (EEOC) has outlined in detail exactly how employers should be complying with the law. In a final rule issued on April 15, the agency provided clarity on the types of medical conditions that may be covered under the law, as well as how workers can request reasonable accommodations.

For HR pros who don’t have time to read through the whole 408-page document right away, here are a few key takeaways.

Keep reading here.—CV

   

TECH

Emotion regulation

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

HR pros in the UK may have to comply with new AI regulations, thanks to a recent proposal from the country’s largest group of unions.

Where in the world? The Trade Union Congress (TUC), which has around 5.5 million members in England and Wales, released a draft bill that would prevent employers from using AI when screening job applicants, and hiring and firing employees, Fortune reported.

The legislation, known as the Artificial Intelligence (Regulation and Employment Rights) Bill, is similar to the AI Act approved by the European Union in 2023, which limits AI systems in the workplace. The UK bill would require employers to conduct an AI risk assessment and would allow job applicants and employees to request information about AI’s involvement in hiring, monitoring, and firing workers. It would also ban emotion recognition systems in the workplace.

Satellite view. Several recruiting platforms, including Jobvite, Modern Hire, and VidCruiter, use AI to examine applicants’ word choices and gestures in recorded video interviews, according to Fast Company. Yet scholars and worker advocates warn of the negative consequences of using this type of technology in the hiring process.

Keep reading here.—KP

   

TOGETHER WITH WORKDAY

Workday

A new DE&I. After surveying 2,600 global HR pros about diversity, equity, and inclusion (DE&I) across industries, Workday is sharing the results. Check out the Global Blueprint for Belonging and Diversity to see why 78% of respondents are prioritizing DE&I—and how you can embed it into your talent strategy.

WORK PERKS

A desktop computer plugged into a green couch. Francis Scialabba

Today’s top HR reads.

Stat: Almost one-half (46%) of workers who use AI are afraid it will negatively impact their job or hours. (YouGov)

Quote: “There is no cooling off in the need for good people, people who straddle AI tech and business. There’s just not enough of them…Some companies just are not willing to pay whatever it takes to get the best people.”—Greg Selker, a managing director at executive leadership consultancy Stanton Chase, on the competition for AI talent (Business Insider)

Read: Workers are overwhelmed by instant messages—and instant messaging etiquette. (the Wall Street Journal)

Head first: This Mental Health Awareness Month, simplify mental healthcare in your org with BetterHelp Business. It allows employers to offer online therapy as a workplace benefit, simplifying employees’ access to care.*

*A message from our sponsor.

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