Howdy, friends! If you can’t get enough Cowboy Carter on Spotify during the workday, feel free to hum “This ain’t Texas” as you fire off emails today. We like to think that email’s great, great grandpappy was the horse-relay mail system the Pony Express, which celebrates its 164th birthday today. Yeehaw!
In today’s edition:
Location, location, location
Economic tea leaves
Coworking
—Mikaela Cohen, Amanda Schiavo, Adam DeRose
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Schitt’s Creek/CBC via Giphy
Hypothetically, let’s say your employees are on a hybrid schedule, and you need to conduct layoffs. When do you do it: When they’re in the office or virtual?
Well, at Stellantis, parent company of automaker Fiat Chrysler, nearly 400 employees were laid off last month on a “mandatory remote work day,” CNBC reported in March. This isn’t a common practice, according to Michelle Seidel, founder and principal consultant at Milestone Results Strategies.
HR Brew talked with Seidel, and author and leadership consultant Cy Wakeman about best practices for HR pros navigating layoffs in a hybrid org.
Back to basics. Not sure whether to conduct layoffs in-person or remotely? Consider your current exposure to employees, Wakeman told HR Brew.
Keep reading here.—MC
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PRESENTED BY FRANKLIN TEMPLETON
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Mind the benefits gap, employers. What employees really value may not be what you think.
Franklin Templeton found a clear disconnect between offered benefits and employee preferences in their 2024 Voice of the American Workplace Survey.
- Employers say work-life balance is a top priority. ➡ Employees say income and retirement savings are more top of mind than work-life balance.
- Employers are focused on improving health-related benefits like medical and dental insurance. ➡ Employees want to see employers invest in better compensation and 401(k) benefits.
Not being on the same page with your people can cause all kinds of HR headaches, from wasted resources to frustrating (and/or stagnant) outcomes. Thankfully, Franklin Templeton’s report offers even more details about these gaps, concerns, expectations, and challenges.
Use the survey results to better understand your workers and how to retain them. Download the report.
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Shameless/Showtime via Giphy
The Bureau of Labor Statistics’ (BLS) latest Job Openings and Labor Turnover Summary (JOLTS) released on April 2, showed that job openings, separations, and the hiring rate “changed little” from January to February.
What’s happening? There were 8.8 million job openings in February, while there were 5.8 million hires and 5.6 million separations. The job openings for February were down from a high of 12.2 million in March 2022, the BLS noted.
Zoom out. HR pros looking to hire should stay the course, Scott Hamilton, global chairman of HR and compensation consulting for Gallagher, told HR Brew.
The economy is functioning unevenly, he said, as some industries are hiring, while others are shedding jobs. There are “nuggets of gold” in the industries that are cutting jobs, he said, and HR can scoop up unique talent by looking outside their sector.
Keep reading here.—AS
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Katie Greco
Here’s this week’s edition of our Coworking series. Each week, we chat 1:1 with an HR Brew reader. Want to be featured in an upcoming edition? Click here to introduce yourself.
Katie Greco is a hand-raiser. She volunteers to work on projects that relate to her interests; it’s how she exposes herself to different aspects of the HR function, and gets exposure to senior leaders.
As an HR business partner at Taylor, a Minnesota-based printing and communications company, Greco is focused on growing her professional prowess as a strategist. She just finished helping two business units wrap up 2023 evals, and is now focused on 2024 goal-setting. She’s supporting leaders in defining goals and setting up employee development plans, while also supporting the business with employee relations and other go-to HR needs.
This interview has been edited for length and clarity.
What’s the best change you’ve made at work?
I have been part of an onboarding project team to completely look at what is working and what is not working to improve new hire retention. It resulted in a new-hire welcome kit, creating a buddy program, drafting checklists for leaders and the new hire, etcetera.
Keep reading here.—AD
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TOGETHER WITH SELECTSOFTWARE REVIEWS
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Need some HR software guidance? HR Brew subscribers: Find software that’s right for your organization with a little help from SelectSoftware Reviews. Their team is ready to help companies of all sizes find the right tools at the right price. And the best part? Their unbiased advice is totally free. Get your advice.
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Francis Scialabba
Today’s top HR reads.
Stat: 70% of workers say employers could have done a better job of reviewing their skills and experience before contacting them about a job. (Indeed)
Quote: “The fine in Colorado is like a couple cups of coffee at a brand-name coffee store…I was just, like, there’s something more that has to be done.”—Sheila Lieder, Colorado state representative, on a bill she introduced to strengthen protections against child labor (the Washington Post)
Read: The modern workforce features Boomers, Gen X, millennials, and Gen Z, and how companies leverage each generation’s skills, experiences, and values can help HR unlock the potential of a multigenerational workforce. (TechTarget)
Clear things up: Do you know what your employees want? Check your answers in Franklin Templeton’s Voice of the American Workplace Survey. It’s got key findings on what employees care about most.* Have your say: This survey helps us deliver the best—and earns you a chance to win a $250 AmEx gift card.* *A message from our sponsor.
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