Career changes debated by 58% of employees | NYC rule to hike delivery workers' pay is halted by judge | The link between self-awareness and emotional intelligence
Around 58% of employees are thinking about a career change, with 42% contemplating quitting their current jobs, according to research by FlexJobs. Those seeking to make a change in their careers are driven by factors such as greater meaning in their work, the ability to work remotely and higher wages.
Improve talent acquisition with fertility benefits Without workplace support, accessing fertility and family-forming care can create stress and financial hardship. Research shows that workplaces that offer comprehensive fertility benefits see employee retention and productivity soar. Learn more about how companies can provide comprehensive fertility benefits. Download the Infographic >
New York Supreme Court Judge Nicholas Moyne has handed down a preliminary injunction against a New York City rule that would mandate that workers for food delivery apps be paid at least $17.96 per hour, compared with the current average of $7.09 per hour. Moyne will hold a hearing at the end of this month to determine whether the stay should remain in effect while challenges to the rule proceed in court.
Employee financial stress continues to be a significant concern, according to a recent report titled Workplace Financial Wellness in America, but deploying customizable resources such as artificial intelligence-guided technology and employee coaching can help control debt and improve individuals' financial well-being. The report found that certain demographics such as single parents, single workers with no children and members of some ethnic groups may benefit from additional assistance in this area.
Two new manufacturing workforce accelerators in Arizona are looking to rural areas to train potential workers in the industry. The Future48 Workforce Accelerators in Kingman and Yuma bring together local colleges and industry in a $30 million program to create a total of six accelerators.
Avoiding key leadership traps can help you be a better leader as well as provide stronger mentoring to up-and-coming leaders, writes Adam Bryant in "The Leap to Leader: How Ambitious Managers Make the Jump to Leadership." Bryant discusses ways you, or your mentees, can handle traps such as fear of failure, unpleasant realities and victimhood.
Michael* was a project manager for a large healthcare insurance company. He and his wife Katie* had been married nearly 20 years, had four children and lived in a middle-class community. Their children participated in multiple sports and activities. Michael was the primary breadwinner and earned a healthy six-figure salary.
And yet, he and Katie were often financially strapped. They lost their home during the 2008 housing crisis and their credit score never really recovered. In 2017, Michael’s company moved his department to the east coast and he lost his job. Katie started a business that was successful, but income was seasonal. Michael found new work, but nothing close to what he had been making before. Their financial situation continued to deteriorate.
Michael and Katie are excellent people -- kind, generous, intelligent. Hard working. They’re known and loved in their community.
What’s my point? Financial instability can exist in many types of people and situations. Single people and single parents tend to battle this more, according to today’s Benefits & Compensation story, but we know from experience that there are many two-income households dealing with this as well.
So I like what some companies are doing, investing in platforms that include financial wellness coaches and AI tools to help their employees better manage their money and gain stability. They also seem to help people get out from under the shame of their situation. That’s important. As folks shed the shame, they can finally begin to tackle the issues that perpetuate their situation and keep them from financial freedom.
Are you offering financial wellness programs or services to your employees? Let me know! And if you enjoy this brief, tell others so they can benefit also.
*Names changed to preserve privacy.
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