Workforce review leads to job cuts at JPMorgan | Survey: Unlimited paid time off is No. 1 emerging benefit | Judge dismisses ex-trooper's lawsuit about pelvic exams
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JPMorgan Chase is cutting staff in its asset and wealth-management division, across the globe, after conducting a review of its workforce. These types of staff adjustments are routine and the company remains committed to hiring top advisers and growing its product offerings, says Chase spokesman Darin Oduyoye. Yahoo/Bloomberg (3/28)
Read 7 Employee Engagement Strategies We polled over 450 reps on their organization's view of engagement, who's responsible for strategies, and what engagement tools they use for the best results. Designed to give leaders insight into how to invest in employee engagement, this report pulls together key findings and trends.
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Recruiting & Retention
Survey: Unlimited paid time off is No. 1 emerging benefit The MetLife Employee Benefits Trends Study 2019 showed 72% of 2,600 full-time US workers said the No. 1 "emerging benefit" was unlimited paid time off, followed by rewards for healthy behavior at 69% and phased retirement at 68%. Among workers who planned to leave their jobs for gig work within five years, about half said more money would convince them to stay, while others said better benefits, flexible schedules and the ability to work from anywhere could convince them to stay. Quartz (3/26)
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US Steel prioritizes talent, adds paid leave for nonunion workers US Steel recently added paid leave and other domestic benefits for nonunion employees as the available labor pool shrinks. "We want to go after a larger group of individuals that are diverse in thought and diverse in background and make this a better place for working mothers," says Mike Williams, general manager for compensation and benefits at US Steel. The Washington Post (tiered subscription model) (3/21)
Technology
Expert: Workers' comp rates declining as result of tech use Insurance companies are using technology such as wearables and telemedicine to curtail claims severity and frequency, thereby helping rates decrease, said Jim Mitchell of All Risks. The use of online insurtech platforms "has accelerated, but not in the high-risk end of the workers' comp spectrum," Mitchell said. Insurance Business America (3/27)
Tom Izzo, left, and Aaron Henry (Jamie Squire/Getty Images)
Emotional and high-pressure situations can offer context for why leaders would yell at subordinates, but they shouldn't make it a habit, writes Paul LaRue. "Prolonged anger and screaming will create a platform for bullying, disengagement and loss of quality talent," he writes. The Upwards Leader (3/24)
