Meta has initiated job cuts affecting thousands of employees, focusing on those labeled as "low-performers." The move is part of Meta's strategy to hire the strongest talent, streamline operations and prepare for new AI investments.

CJR, a Connecticut-based nonprofit, addressed high turnover by enhancing its organizational culture, as well as investing in professional development, providing training and education support to staff. CJR also prioritizes employee input through open communication channels and a Cultural Responsive Committee, aiming to create a supportive and engaging workplace that retains talent.

Organizations are increasingly adopting a skills-based approach to talent management, focusing on hiring, developing, and promoting employees based on skills rather than traditional criteria like degrees, writes Lauren Lightbody, senior director at Propeller. Lightbody outlines three steps for integrating a skills-based strategy, including creating repository for storing all employees' skills set and using technology tools that support scaling a skills program enterprise-wide.

Nearly 60% of employers plan to improve financial wellness programs for employees this year, expanding beyond retirement accounts, according to an Alight study, which found 70% of workers experience high or moderate stress, primarily due to personal financial problems. "Rising inflation, stagnant wages and a tough job market have fueled this stress, resulting in growing concerns about how employees can afford their essential needs like rent, groceries and bills," says ZayZoon President Tate Hackert.

Your team members may lie to you to avoid confrontation or to help soothe egos, writes Dan Rockwell, the founder of Leadership Freak, even if they intend to be helpful. To defend against this, Rockwell suggests giving your opinions last, asking questions, exploring input and looking for half-truths to uncover the actual situation without making your team members uncomfortable.