Economists deem further job cuts likely in 2023

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Focus on these 5 areas to grow leadership skills | Keep employees by offering new career paths, survey finds | Questions to help silent team members speak up

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January 24, 2023

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Getting Ahead

Focus on these 5 areas to grow leadership skills

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Leaders need to dedicate themselves to nurturing five areas of their capability including their responsibility to shareholders, creating a sense of purpose for their employees and pursuing their own personal growth, writes Alaina Love. "As you navigate the personal growth leadership capability, be sure to confer with trusted individuals in your professional and personal circles," Love writes. Full Story: SmartBrief/Leadership (1/23)

Keep employees by offering new career paths, survey finds A Ceridian survey found 51% of employees would stay with their company if it offered them new projects or a different career role. "If employees sense their employer has a clear path -- it doesn't have to be a vertical path -- but if they feel the company understands what they want, their commitment to the company will increase," says Susan Tohyama, chief HR officer at Ceridian. Full Story: Human Resources Director (1/19)

Questions to help silent team members speak up Get as many team members as possible to give input in meetings or other settings by calling on them if they haven't spoken up in a while, by letting them finish their thoughts if they have been interrupted and by noticing who's missing and soliciting their ideas before moving forward, David Dye writes. "More often, people are absorbed in their usual way of doing things and didn't think about who else would have a meaningful perspective on the decision," Dye writes. Full Story: Let's Grow Leaders (1/23)

The Landscape

Economists deem further job cuts likely in 2023 Economists surveyed by the National Association for Business Economics expect further job cuts and slowing or abandoned expansion plans as concerns mount that the Federal Reserve's interest-rate increases will usher in a recession this year. Economists also say that the cost of materials has decreased and that businesses think they will have to increase wages to retain workers. Full Story: The Associated Press (1/22), Reuters (1/23)

Temp worker cuts could signal job market vulnerability There were 110,800 temporary workers trimmed from company payrolls in the last five months of 2022, signaling that the job market could face certain challenges ahead. However, LaSalle Network CEO Tom Gimbel notes that many of the cuts were among large companies seeking to trim costs, and smaller businesses are still seeking temp help. Full Story: The Wall Street Journal (1/24)

Your Next Challenge

1970s Nike manifesto shows company's philosophy

(Nike via @mrexits on Twitter)

Inspirational quotes and bold manifestos are part and parcel of office life and brand culture, but few can compete with the text of this internal memo from Nike. The amount of business cliches and pure gobbledygook is stunning even today. Full Story: Creative Bloq (1/22)

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The Water Cooler

This analysis of Netflix worth a binge-read

(Michael M. Santiago/Getty Images)

The recent news that Reed Hastings was stepping down as CEO of Netflix inspired many people to reflect on the incredible journey Netflix has been on since it was founded. For a deep dive, binge-read on that topic, check out Ben Thompson at Stratechery. Full Story: Stratechery (1/23)

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Claudia Rankine,
poet, writer

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