Walmart hourly employees now qualify for an annual bonus of up to $1,000, depending on how long they've worked, an effort by the retail giant to reduce turnover. Walmart, which employs 1.6 million, has already increased pay by 30% in the last five years.

With just about half of small business employees feeling "emotionally drained" or "used up" at work, according to a Society for Human Resource Management report, employers can utilize summer hours to bolster morale. Companies should think about how they want to structure summer hours, such as letting employees leave early on Fridays or staggering time off to meet necessary deadlines -- and then put it in writing so everyone is aware of the expectations and policy.

"Summer Fridays," where employees can take off early for the weekend, or other non-pay related benefits can help retain workers, says Jen L'Estrange, an HR consultant. Small companies say they also offer paid time off for community service and "lunch and learn" options, and the ability to bring their pets to work on a certain day.

Prepare your company for the possibility of a deepfake -- whether it's an image or an audio or video clip -- by gathering heads of pertinent departments such as IT, human resources, communications, legal and the C-suite to plan when, or if, a response is necessary. Just as in any crisis, the reaction should be equal to the amount of damage such a deepfake could do to the business, and not all deepfakes need a response, says Mike Nachshen, the president and owner of Fortis Strategic Communications.

More HR leaders are choosing the chief people officer title over chief HR officer as the role expands and becomes more focused on people, say HR executives, who point out the pandemic accelerated the trend. "Over the last decade, this role and discipline has transformed to be very people-centric, very oriented around setting employees up for success and building a stronger culture to yield business results," says Jelena Djordjevic, chief people officer at Thumbtack.