Jan. job openings fall to 8.86M as hiring, quits drop | What are top institutions for Latinx workforce success? | Research: Workplace age gap affects productivity
The number of job openings at the end of January stood at 8.86 million, according to the Labor Department's Job Openings and Labor Turnover Survey. Hiring declined by 100,000 to 5.69 million, while the number of workers quitting jobs, 3.38 million, was the lowest since January 2021. Roughly 1.45 openings existed for each unemployed person in January, slightly more than the previous month. Full Story: Reuters (3/6),Yahoo (3/6)
Recruiting & Retention
What are top institutions for Latinx workforce success? A series of reports by Excelencia in Education highlights institutions successfully recruiting, supporting and connecting Latinx students with high-wage jobs in growing industries like STEM, health care and education. The reports emphasize the role of Hispanic Serving Institutions and urge philanthropists and policymakers to support these institutions in creating pipelines for Latinx talent into well-paying careers. Full Story: Diverse: Issues In Higher Education (3/6)
A new World Bank global report found women earn 77 cents for each dollar earned by men and suggests only half of women have equal access to high-paying jobs. "It is more urgent than ever to accelerate efforts to reform laws and enact public policies that empower women to work and start and grow businesses," says Tea Trumbic, lead author of the report. Full Story: Human Resources Director (3/6)
It's a manager's responsibility to coach their direct reports to success and help them up the ladder by advocating for them with their bosses, especially if their superiors need to learn about them or have heard unfavorable feedback. "As a manager, you should be providing the perspective of someone you work closely with, the skill set they have, and the value they bring. Provide alternative narratives to wrong perceptions or ideas," says Kerry O'Grady, director of teaching excellence at Columbia Business School. Full Story: Ragan (3/4)
Workplace Chatter
High school basketball team powers through tragedy After losing their coach, Brad Feeken, to neuroendocrine cancer, the boys of the Gretna High School basketball team proved their resilience in playing -- and winning -- a game later that day. Through the power of teamwork and the community rallying behind them, the Gretna Dragons went on win a trip to the state tournament. Full Story: The Athletic (subscription required) (3/6)
SmartBreak: Question of the Day
"His hands are BIG!" was my first thought when I sat by him at a Las Vegas blackjack table, "him" being the man who beat Muhammad Ali in "The Fight of the Century." Who was my fellow gambler?
Today’s workplace is multigenerational, as we see in our top story today. Boomers, GenXers, millennials and GenZers are coming to the table together and bringing with them their diverse set of skills and experiences. How do we make this a successful endeavor? I think it starts by keeping our eyes on the thing that matters most: Hiring smart, talented and driven people who are committed to doing great work. That is going to include people across the age spectrum -- the 20-year-old just starting his or her career; the 30-year-old who is juggling family, work and business school; the 40- and 50-year-old mid-career professional; and the 60- and 70-year-old (or older), with a wealth of experience and wisdom to contribute. When you bring folks like this together and let them flex their skills, you get excellent results. I work in an environment like this. It gets messy sometimes, as we learn how best to communicate and collaborate with each other. But we do it. We muscle through the mess and find our way to success. “That sounds nice, Kanoe, but it’s not that easy.” I never said it was easy -- I said we muscle through. This means we: Are honest. We don’t waste time trying to find a nice way to say something difficult. We are courteous and straightforward with feedback. Check our egos at the door. We are open to constructive criticism and don’t take it personally. Aim to contribute. We look for ways to participate and even out the workload. Think before responding. We don’t jump to conclusions about people’s motives. We also avoid squashing ideas outright as impossible to produce. Making the multigenerational workplace work takes some effort, but it’s doable. Apply common sense tactics and don't overthink the process. The results will make it worthwhile. How do you manage your multigenerational workforce? Let me know! And if you enjoy this brief, tell others so they can benefit also.
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Who Said It? Make every effort to change things you do not like. If you cannot make a change, change the way you have been thinking. You might find a new solution.
