Employers revoke job offers in sign of changing outlook | Managers sit on job vacancies amid recession fears | PwC's Ryan: Characteristics of savvy C-suite leaders
Companies such as Redfin, Twitter and Coinbase Global have been rescinding job offers recently, indicating a rapid shift in business outlook, although recruiters point out many other employers are still struggling to find enough employees. "If we've learned anything from the last couple of years, it's that things can change quickly," says Brian Kropp, vice president of HR research at Gartner.
MS in IT Business Analysis - 100% Online Earn your Master's in IT Business Analysis from a top-ranked university. This 100% online degree features an IIBA® & PMI® based curriculum and provides the knowledge to advance your IT career by making critical data-driven business decisions.
Mounting fears of a recession have some companies cutting jobs and reducing hiring, while data from Indeed shows a slowdown in the pace of job postings. Some managers are stalling hires but are avoiding announcing hiring freezes or job cuts, and some are questioning whether certain vacancies must be filled.
The State of Performance Enablement Nearly 50% of employees are looking to leave their jobs. Do you know what it takes to get them to stay? Read the Report
A report from Deloitte Insights examines the part employers play in influencing staff members' and families' quality of life, also finding that top executives are not immune to current pressures and demands. Trends noted in the report include a lack of executive understanding of employee wellness struggles as well as fatigue and mental health issues at all levels of an organization.
Employee listening solutions such as Keen, Microsoft Viva, Cultivate and Yva.ai are able to detect stress and the possibility of workplace abuse by flagging certain keywords, but the technology cannot predict behavior nor can it predict violence, says analyst Josh Bersin.
Leaders can look to role models such as Golden State Warriors guard and NBA Finals Most Valuable Player Steph Curry to set their own path, pursue it relentlessly and never stop honing their skills, writes Susan Fowler. "Curry's example begs the question: Are you refining your legacy by continuing to learn, grow and improve your game?" Fowler writes.
“Hot feet” was a warm-up drill we used to run with the girls at soccer practice. Two players stand opposite each other and volley the ball back and forth to each other. When the ball is not at their feet, the players are bouncing -- right, left, right, left -- on the balls of their feet. The goal is to improve their agility -- their ability to move and change direction as needed to get to the ball.
Workers need this kind of agility today to navigate a murky job market, according to the anecdotes in our top story today. As more employers are forced to tighten their belts and rescind job offers, workers will need to be able to pivot and find new opportunities.
Will this trend continue? It’s unnerving to think you will turn down job offers only to have the one you accept get pulled out from under you. What do you think? Let me know! And if you enjoy this brief, tell others so they can benefit also.
Sharing SmartBrief on Workforce with your network keeps the quality of content high and these newsletters free.
