Created for newsletter@newslettercollector.com |  Unknown Title at Unknown Company
Update Profile  |  Web Version
October 25, 2022
CONNECT WITH SMARTBRIEF LinkedInFacebookTwitterSmartBlogs
SmartBrief on Workforce
Essential reading for HR professionalsSIGN UP ⋅   SHARE
 
Top Story
Even high-earners are struggling financially
(Pixabay)
Sixty-three percent of Americans said they were existing paycheck to paycheck in September, up from 57% this time last year, according to the LendingClub. In addition, the same was true of 49% of workers with paychecks over six figures, up from 38% last year.
Full Story: CNBC (10/24) 
LinkedIn Twitter Facebook Email
Recruiting & Retention
Employees want to be recognized for the work that is less evident, such as solving a challenging customer problem or working extra hours to meet a deadline, writes Christopher Littlefield, founder of Beyond Thank You. Try practicing "reflective recognition," which urges employees to tell you about the work they're proud of and responding with a "thank you" or positive feedback, Littlefield suggests.
Full Story: Harvard Business Review (tiered subscription model) (10/25) 
LinkedIn Twitter Facebook Email
Making your workforce more resilient amid disruption
With the Great Resignation still having a seismic impact across all industries, companies need to find creative ways to attract and retain talent — and get them to stay. Saratoga has the HR and talent benchmarking insights to help you see how you compare against your peers. Get the eBook
ADVERTISEMENT:
Leadership & Development
Free eBooks and Resources
Free eBooks and resources brought to you by our sponsors
Strategies for Success from TrainingMag.com
Stephen Paskoff, founder, president and CEO of ELI, explains two things companies are getting wrong with diversity, equity and inclusion and how to fix them. Fostering an inclusive workplace takes more than training, requiring a will to change behaviors and to focus on what unites people, instead of dividing them, Paskoff writes.
Full Story: Training magazine (10/18) 
LinkedIn Twitter Facebook Email
Benefits & Compensation
Inflation bonuses are being used by some employers to offset their workers' rising costs of living. The bonuses are taking the form of a periodic bump in pay to gift cards that may help them stretch their grocery dollars.
Full Story: Employee Benefit News (free registration) (10/21) 
LinkedIn Twitter Facebook Email
The HR Leader
Leaders can help employees build social capital -- strong and weak connections to their colleagues -- by modeling its importance, creating sponsorship opportunities between senior and junior employees and making it part of performance management, says McKinsey partner Brooke Weddle. "Incenting leaders to think that way and to build connections accordingly is a helpful lever in terms of increasing motivation," Weddle says.
Full Story: McKinsey (10/20) 
LinkedIn Twitter Facebook Email
About the Editor
Kanoe Namahoe 2022
Kanoe Namahoe 2022
Kanoe Namahoe
I was talking to a friend last night; he recently moved to Southern California. He’s enjoying his new home but admits he’s surprised by the cost of living. “I don’t even know how some people do it,” he said.
 
Many are done trying, I told him. I talked about people who I know are leaving the state because they are worn out from the financial struggle.
 
“And it’s not just young people or low-income families,” I said. “People with six-figure salaries are living paycheck to paycheck now. It’s insane.”
 
Today’s top story talks about this issue and how it’s affecting high-income earners. I was stunned to see that nearly half of people earning more than $100,000 annually are struggling to make ends meet. Economists expect this trend to continue as inflationary challenges persist.
 
That will almost certainly have an impact on the workforce. Some employers are getting out ahead of this with bonuses or gift cards to help cover household expenses. Will you be implementing any strategies -- telecommuting, COLA raises, etc. -- to help support workers through this challenging time?  Let me know! And if you enjoy this brief, tell others so they can benefit also.
LinkedIn Twitter Facebook Email
Sharing SmartBrief on Workforce with your network keeps the quality of content high and these newsletters free.
Help Spread the Word
SHARE
Or copy and share your personalized link:
smartbrief.com/workforce/?referrerId=hCgswturix
Let the old dreams die. We have new ones.
John Ajvide Lindqvist,
writer
LinkedIn Twitter Facebook Email
 
SmartBrief publishes more than 200 free industry newsletters - Browse our portfolio
Sign Up  |    Update Profile  |    Advertise with SmartBrief
Unsubscribe  |    Privacy policy
CONTACT US: FEEDBACK  |    ADVERTISE
SmartBrief, a division of Future US LLC ©
1100 13th St. NW, Suite 1000, Washington, DC 20005