How the FTC's non-compete decision affects employers | Have a plan to retain key workers in M&A transactions | 5 ways to care about employees "as people, not performers"
The Federal Trade Commission's new ban on non-compete agreements will force employers to focus on improving the employee experience as valuable top professionals consider taking jobs with competitors, says the NeuroLeadership Institute's Christy Pruitt-Haynes. "Companies are going to have to get really creative with ways to expand jobs so people feel like they're growing within the organization," says Pruitt-Haynes.
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More than one-quarter of companies lack retention plans for employees in mergers and acquisition deals, according to a recent survey from Willis Towers Watson. Acquiring companies typically offer retention agreements to C-suite executives and direct reports, but far fewer firms offer packages to other salaried workers.
Pay raises and job promotions in the US this year are falling short of projections made in November, according to Mercer data. Average total salary budgets are up by 3.6%, below earlier forecasts of 3.8%. "It's time to be strategic and deliberate, ensuring that investments are directed toward attracting and retaining the skilled workforce necessary to drive business success," says Mercer's Lauren Mason.
Michigan Gov. Gretchen Whitmer's new workforce initiative aims to provide career training and job opportunities for 5,000 residents by 2030, emphasizing the importance of skill development and workforce readiness for building thriving communities in Michigan. The program aligns with the state's goal of having 65% of adults earn a certificate or two-year degree by 2030.
A Ciphr survey of HR leaders in the UK found 51% consider employee retention to be companies' top challenge, while 46% say their company may fail to meet employees' pay, wellness and work-life balance needs. "Go back to basics if you need to and overhaul your employee value proposition to ensure that you have considered every aspect of the employee experience," says Claire Williams, Ciphr's chief people and operations officer.
May 1 is International Workers' Day, except in the US and what other country, which instead celebrate the workers officially on Labor Day on the first Monday in September?
I remember learning how to make lei at the kitchen table of my grandparents’ home in Lahaina. My cousins and I would go out to Grandma’s plumeria trees in the front yard and pick the blossoms for the lei. We filled our baskets with the fragrant red, yellow and white flowers. Then, we trooped back into the house where Grandma had set us up with snacks -- crack seed and Tang -- and her long lei-making needles. We sat there eating and stringing lei, while the aunties and uncles cooked, laughed and talked story. As day turned into night, we stored our lei in the refrigerator and everyone drifted outside for kanikapila.
I share that memory because today is Lei Day, a yearly tradition that began in 1927 to honor the Hawaiian practice of making, giving and wearing lei. People in Hawaii, and in many cities around the country, will celebrate the day with parades, hula and music, lei-making demonstrations, presentation of the royal courts (the Lei Court) and more.
I can’t think of a better way to kick off Asian American Pacific Islander heritage month. As in years past, I will share memories, resources, recipes and more in celebration of these rich cultures. Got something to share? Let me know! I’d love to hear your experiences. And if you enjoy this brief, tell others so they can benefit also.
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