Federal Reserve Bank of Philadelphia President Patrick Harker and Atlanta Fed President Raphael Bostic have both praised the strength of the US economic recovery but note that employment figures are still significantly lower than pre-pandemic levels. Bostic contends the shortfall could be partly because of ongoing uncertainty over the next stages of the recovery, which may make employers reluctant to commit to new hires. Full Story: Reuters (6/24)
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Recruiting & Retention
What skills will workers need for the future? The McKinsey Global Institute surveyed 18,000 workers in 15 countries to find the top skills needed for the future of work, including critical thinking and an entrepreneurship mindset. The survey also found correlations between education levels and skills, but also found lifelong learning, from childhood to retirement, will be essential. Full Story: McKinsey (6/25)
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Employers see wellness benefits of paid time off Results of Mercer's Survey on Absence and Disability Management suggest that employers are becoming more interested in establishing liberal, flexible paid-leave policies in support of employee well-being. The survey of more than 400 employers found that more employees were offered paid time off for events such as the Juneteenth holiday, parental care and adoption leave. Full Story: HR Dive (6/23)
The HR Leader
Pandemic is driving need for HR roles Job postings for HR roles have experienced a 52.5% rise since before the pandemic, compared with an average 30.5% increase, according to Indeed. The rise reflects the increasing importance of HR roles for employers to manage transformation within the workforce, says Indeed economist AnnElizabeth Konkel. Full Story: Axios (6/24)
I had a meeting last week with my team to talk through some issues that had come to my attention recently. Some issues were easy to resolve. We tackled those quickly. Others, though, were thorny and I could see folks were uncomfortable discussing the details of the situations. Conversation began to stall as folks got quiet. They were concerned about creating an awkward moment. I was more concerned that we wouldn’t resolve the issues and the problematic cycles could continue -- as would the back-channel conversations and meetings. “Guys, we can’t get quiet now,” I told them. “This is a family discussion. It’s time for honesty. We’re professionals. We know how to do this right. So let’s just put it all on the table and handle it.” That broke the ice a bit more and we were able to clear the air on the bigger issues. We have to handle others but this was a good start. “Nice” doesn’t cut it when it comes to company culture and real resolution and productivity, as we see in today’s Leadership & Development story. “Nice” will stall you. But honesty and professionalism will lead you to progress, innovation and real trust. How can I serve you better with this brief? Let me know! And if you enjoy this brief, tell others so they can benefit also.
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