Study: Why you should make employees "Net Better Off" | US layoffs increasingly becoming permanent | The role survival psychology plays in crisis leadership
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Companies that prioritize six elements to ensure employees are "Net Better Off" are experiencing more than 5% growth during 2020, according to an Accenture study. The elements include supporting mental resilience, boosting employability skills, and adjusting rewards and benefits in times of crisis and profit, while the research supports the need for a new HR operations model focused on building resilience, Josh Bersin writes.
Reinventing the workplace Reinvention starts with a change in HR focus, combined with a digital strategy that enables HR, empowers the workforce, and drives transformation. According to the KPMG 2020 HR New Reality pulse survey, two-thirds of HR executives believe the HR function must be reinvented. Explore key findings. CLICK HERE.
The number of people reporting they had permanently lost their jobs increased to 3.8 million in September from 2 million in April, according to the Labor Department. The number is expected to increase as more employers become unable to extend furloughs.
Helping DC plan participants save more Christopher Sharpe, CFA® has managed target date funds for 15 years. The challenge he sees for today's plan sponsors is to find new ways of motivating participants to save more aggressively to build a sustainable retirement future.
Employers should develop a strong learning culture with training designed to improve and support the skills of the workforce, writes Christina Pavlou. Benefits include higher productivity, better retention, employee engagement and being seen as an attractive choice by new talent.
Conducting an informal survey can help companies make decisions about what to include in a wellness program and get employees to be more invested in it, writes Heather Lopez of Insperity. Wellness programs need support by company leadership, Lopez adds, and should be promoted within the company.
Better decision-making starts by exploring your identity and how your intention and emotions potentially skew your view of situations, writes Marlene Chism. "This will start to elevate your awareness so you can change your automatic programming to become more intentional with your leadership behaviors," Chism writes.