The race is on to train workers for semiconductor industry | Employee pay hikes are starting to decline | How a lateral move can ultimately lead you upward
Created for newsletter@newslettercollector.com |  Unknown Title at Unknown Company
Update Profile  |  Web Version
August 9, 2024
CONNECT WITH SMARTBRIEF LinkedInFacebookXSmartBlogs
SmartBrief on Workforce
Essential reading for HR professionalsSIGN UP ⋅   SHARE
 
Top Story
The race is on to train workers for semiconductor industry
The U.S. is racing to train workers for the growing semiconductor industry. (Cfoto/Future Publishing via Getty Images)
Two years after the CHIPS and Science Act was passed, colleges like Purdue University are intensifying efforts to train undergraduates for the semiconductor industry through programs like the STARS initiative. Despite these efforts, McKinsey & Co. estimates a potential shortfall of up to 146,000 workers by 2029.
Full Story: NBC News (8/9) 
LinkedIn X Facebook Email
Recruiting & Retention
US companies are scaling back pay raises for 2025 as the nation's hiring begins to shrink. In a survey of 1,900 companies in the second quarter, nearly half say they have reduced salary budgets for next year and reduced their median raises to 4.1% in 2024, down from 4.5% in 2023.
Full Story: The Wall Street Journal (8/6) 
LinkedIn X Facebook Email
Leadership & Development
FREE EBOOKS AND RESOURCES
Free eBooks and resources brought to you by our sponsors
Benefits & Compensation
5th Circuit reviews DOL's salary-based overtime exemption
(Alastair Pike/AFP via Getty Images)
A three-judge panel of the US Court of Appeals for the 5th Circuit is considering whether a challenge to the Labor Department's salary threshold for overtime pay should be returned to a lower court now that the US Supreme Court has overturned Chevron deference, under which judges deferred to federal agencies' interpretations of ambiguous laws. The panel on Wednesday heard arguments in the case, in which fast food restaurant owner Robert Mayfield argues the department lacks congressional authority to apply the salary test.
Full Story: Reuters (8/7),  Bloomberg Law (8/7) 
LinkedIn X Facebook Email
The HR Leader
Improve workplace diversity, equity and inclusion by determining the existing DEI level, aligning DEI strategies with business goals and establishing DEI initiatives that affect the entire company, according to a Sheffield Haworth study. "Then comes the last steps on the journey: identifying, recruiting and effectively onboarding and nurturing diverse talent," states the report, which also calls for measuring the effect on productivity and innovation.
Full Story: Hunt Scanlon Media (8/2) 
LinkedIn X Facebook Email
Workplace Chatter
Perfume industry goes to the dogs with high-end "mist"
(Dolce & Gabbana/Instagram)
When the "Eau de pup" aroma of your favorite canine makes you say "pee-ew," you can now spritz them with Dolce & Gabbana's "Fefé" fragrance, named for founder Domenico Dolce's dog of the same name. The perfume, which comes in a green glass bottle that sports a 24-carat gold-plated paw, includes hints of sandalwood and musk and sells for just over $108.
Full Story: USA Today (8/6) 
LinkedIn X Facebook Email
SmartBreak: Question of the Day
Of course it took a traffic officer, one William Potts, to develop the three-light traffic signal that is still being used in the US to this day. In which city was Potts' traffic signal first installed?
VoteChicago
VoteDetroit
VoteNew York
VotePhiladelphia
About the Editor
Reflections
Reflections
Kanoe Namahoe
Silence is golden, as the saying goes. Today’s Leadership & Development story from The Genard Method talks about how pauses and moments of silence in a presentation can raise interest and engagement in listeners.
 
It’s true. I do a fair amount of public speaking and know how powerful a well-placed pause can be in a presentation. It gives folks time to reflect, think about a response, or write notes. It helps cement a point. 
 
It’s also a good time for me to get a sense of the audience. Do folks need a water break? Is it time to introduce a question for discussion? 
 
Silence lets us take a breath. Consider. Weigh our options. That seems a wise thing to do more and more these days. #PressPause
 
How can I serve you better with this brief? Let me know! I read every email I get from readers. And if you enjoy this brief, tell others so they can benefit also.
LinkedIn X 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
Who Said It?

Know that listening is your secret weapon.
Markus Zusak or Sarah Jessica Parker

Check your answer here.
LinkedIn X 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 Future
Copyright © 2024 SmartBrief. All Rights Reserved.
A division of Future US LLC
Full 7th Floor, 130 West 42nd Street, New York, NY, 10036.