How workers are responding to inflationary pressure | The financial impact of caregiving on female workers | Ask these questions to choose the best HR tech
Many workers are stressed about finances, with one-quarter planning to change jobs in the next 12 months and 42% planning to ask for raises as the higher cost of living continues to affect their finances, according to a global survey PwC. About 46% of respondents reported they could not pay their bills most of the time or struggled to do so.
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Income equity among female employees can be compromised by caregiving responsibilities as women stand to lose up to $295,000 in lifetime earnings, with Hispanic and Black women losing disproportionately more, according to a Department of Labor report. Cleo CEO Madhavi Vemireddy's recommendations include improving benefits related to caring for children, making schedules more flexible and recognizing that women often care for older family members also.
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Inclusivity and belonging is key to the success of today's organizations and need to be part of employee development programs, writes Ash Beckham, author and leadership expert. Beckham outlines six ways to make belonging part of professional development, including training employees in active listening and making diversity, equity, and inclusion a measurable goal.
Businesses are providing more parental leave, with maternity leave offerings rising by five percentage points to 40% and paternity and adoption leave also increasing, according to a Society of Human Resources Management report. Other benefits that have improved since the pandemic began include lactation facilities onsite, separate mental health leave and enhanced caregiving leave, according to the report.
Most employees say they have shared how much money they make with their co-workers, and the trend is generational. Millennials and Gen Z workers share their salary at a much higher rate than their older colleagues.
What say you: Are 1-to-1 meetings for you or your team members?
Leaders need to hold one-to-one meetings with their team members, as we see in today's Leadership & Development story. But I'm curious. Are these meetings more for you, the leader, or your team member? Do you view them as a time for you to take a pulse on assignments or for them to discuss matters important to them (which can -- but might not -- include project and task updates)?
