Recent stock market activity and drops in interest rates have many economists discussing the possibility of a recession in the US economy and its impact on employment. Mark Zandi of Moody's says unemployment would nudge up 2-3 percentage points, with jobs in manufacturing, media, finance and construction among the most affected. USA Today (8/19),The New York Times (tiered subscription model) (8/17)
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Recruiting & Retention
4 steps to effective incentive systems Organizational systems -- including incentive systems -- serve a good purpose but can be manipulated and should never be used as a substitute for leadership, business consultant Carol Anderson writes. Anderson outlines four ways to make sure organizational systems maintain integrity and produce authentic data. TLNT (8/16)
Report details spike in health care costs Health care costs outpaced wage growth from 2008 to 2018, according to a report from the Kaiser Family Foundation. Employees spent $4,706 for premiums and $3,020 on out-of-pocket expenses in 2018, compared to $2,838 and $1,779, respectively, in 2008. Axios (8/16)
The HR Leader
Practice "strategic optimism" to overcome stress Leaders can deal with anxiety and stress through what leadership coach Deon Newbronner calls "strategic optimism." "It isn't rocket science to see that being positively disposed towards the results of our efforts brings beneficial results," he writes. Thrive Global (8/15)
