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The price of a Big Mac made headlines last week as McDonald’s cited the tight labor market as a chief contributor to the chain’s menu price increases. The quick service giant broke the news a few days ahead of the February BLS Jobs Report, released last Friday, which showed a 2.9% growth in wages over the prior year, and the news quickly spun up headlines warning consumers “That Big Mac may cost more thanks to the tight labor market."
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Categories: Leadership, Retention | Tags: | View Count: (281)
The December jobs report showed that the economy entered the year with positive momentum for continued growth and that employers entered the year with mounting challenges to fill jobs. The unemployment rate remained at 4.1%, the labor force participation rate was stagnant at 62.7% and the job openings rate held at 3.9%, which signal that the number of workers is stagnant while the number of jobs grow. With this, workers know that they have options, as the quit rate remained close to a record-hig...
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Categories: Engagement, Leadership, Retention | Tags: | View Count: (255)
As we ring in a new year, many of us will reflect on the year that passed and take stock of our lives. A new year marks a new start, and with it often spurs resolutions to improve ourselves. Whether it’s to lose weight, eat healthier, make better financial decisions or give up bad habits, the majority of us aim to better our lives.1 Most New Year's resolutions involve goals to improve our health or happiness, and one of the most popular resolutions is to find a better job.
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Categories: Engagement, Stay Interviews, Exit Interviews, Leadership, Retention | Tags: | View Count: (431)
Ethics in the workplace is defined as the moral code that guides the behavior of employees with respect to what is right and wrong, and to what is good and bad, in regard to conduct and decision making. Ethical decision making in the workplace takes into account the individual employee’s best interest and also takes into account the best interest of those impacted.
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Categories: HR Compliance, Leadership | Tags: | View Count: (316)
The November Jobs Report continued to deliver good news for the economy and escalate difficult conditions for employers as the Unemployment Rate remained at 4.1%, a historic low, hourly wages increased by five cents, a 2.5% year-to-date increase, and key industries added less jobs than prior year, a shortage blamed on a lack of qualified workers.
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Categories: Engagement, Leadership, Retention | Tags: | View Count: (307)
Ponderable from the Desk of Dr. Mahan: Last night, Danny Nelms, president of Work Institute, asked me to write a blog on sexual harassment. He asked me to do so because of my work counseling troubling and troubled managers.
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Categories: Engagement, HR Compliance, Leadership | Tags: | View Count: (418)
The bottom line is that companies are held back by a lack of qualified talent. As the unemployment rate continues to drop and job openings continue to increase, the quit rate is set-up to sharply rise, push up wages and cost employers more and more in turnover as we round out 2017 and ring in 2018. Employers can’t be idle in recruiting and retention efforts. They must act now to understand how to retain and attract skilled workers, or, sit idle while their competitors grow – with their former ...
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Categories: Recruitment, Engagement, Leadership, Retention | Tags: | View Count: (632)
Human resources professionals dream scream about it this time of year – open enrollment. Nearly every HR department conducts open enrollment for 2018 benefits in the fourth quarter, and nearly every HR professional dreads the open enrollment process all year long. Intensifying the matter, today’s healthcare environment has created more tasks for HR teams and more confusion for employees. The good news is that you can work together to make the process less dreadful for everyone.
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Categories: Leadership, Retention | Tags: | View Count: (692)
The American Psychological Association (APA) Center for Organizational Excellence released results of the “2017 Job Skills Training and Career Development Survey” last week, and the major finding is clear - lack of manager support for career development drives retention. And, we agree.
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Categories: Engagement, Leadership, Retention | Tags: | View Count: (541)
Tesla, recently terminated approximately 700 employees according to multiple reports. The organization claims the terminations were all performance-based, while those dismissed allege performance had nothing to do with it. How are current Tesla employees feeling amid this change?
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Categories: Stay Interviews, Leadership, Retention | Tags: | View Count: (596)
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