For this week's Talent and HR News Weekly Roundup, we're sharing the latest in workforce news since there have been quite a few recent mentions of the topic in the news. Enjoy and happy Friday!
1) Yahoo to lay off 15% of workforce amid $400M cost-cutting from USA Today
"Struggling search engine company Yahoo Inc. said it plans to cut about 15% of its workforce as part of a $400 million cost-cutting effort intended to "simplify" the troubled Internet company. Sunnyvale, Calif.-based Yahoo plans to lay off about 1,500 employees and close five offices in Dubai, Mexico City, Buenos Aires, Madrid and Milan — with the bulk of cuts by the end of March, Yahoo said Tuesday. By the end of 2016, the online and mobile advertising company expects to have about 9,000 employees and fewer than 1,000 contractors, down from closer to 12,000 last year."
exaqueo is thrilled to welcome Steve Breckler, Ph.D. to the exaqueo team. Steve will lead our growing research function, building on our groundbreaking research work for clients in employer brand and talent acquisition. He'll develop bespoke research approaches for clients to ensure the employer brand and talent acquisition strategies we develop drive results.
Steve brings over three decades of experience in behavioral research and statistical consultation. He built his research expertise and scientific reputation as a professor at Johns Hopkins University. He expanded his knowledge of psychology and social behavior as a program director at the U.S. National Science Foundation. And he refined his management skills as an Executive Director at the American Psychological Association (APA). Among Steve’s accomplishments at APA was the creation of a new Center for Workforce Studies.
A recent Indeed study found that 71% of people in the labor force are actively looking or are open to a new job. Scary for retention, great for companies who are looking to fill jobs. It also means there is likely a whole lot of interviewing going on. So this week's Talent and HR News Weekly Update highlights recent articles about interviewing. Since we missed last week's roundup, we're covering news from the past two weeks.
1) How to Interview: The Definitive Guide from Proven
"Understanding how to conduct interviews can be daunting, but it is an essential part of a successful hiring process. Interviewing well and successfully takes practice and constant improvement. You never fully “have it down.” Candidates, your company, and the hiring environment are constantly changing. That is a good thing. By continuously learning, even if it is a bit of time, you can stay ahead of the competition and win the talent game. Interviewing can be a long and involved process. Use this guide, complete with authorative sources, to make your next hire with ease!"
Part of being a professional in any industry is knowing who you can learn from and sharing that with the world. Today's Tim Sackett Day--where we honor professionals who represent the best of HR. This year? It's Recruiting Animal. Who you ask? Don't ask who he is. Just meet him, listen to him and learn.
Here's the thing with HR. We're full of political correctness and niceties. Maybe it's because we have the war wounds of firings, layoffs, employee relations issues and more, that we just want some positivity sometimes. The problem? It's bred this culture of nice.
Opinions matter. We seek advice on the best doctors, cars, restaurants and books. If it's sold anywhere, we want opinions from others. It's no surprise that workplace reviews have caught on just as fast. One survey found that half of all job seekers consult reviews on one popular site in their searches.
And review sites range from global to local. From Glassdoor to Indeed, savvy job seekers have numerous resources globally to gain intel. It's easy to laud or fear the reviews. If they're great, we quote and promote. If they're negative we respond and shun. In a rush to address a flurry of concern about the impact of review sites on employer brand, companies are making three major strategic missteps.
Lately in HR and Talent news it seems everyone has some sort of advice to give, whether it's around technology, creating culture, or motivating employees. We've compiled a bunch of these words of wisdom that have been in the news recently for your reading pleasure. Enjoy!
1) Six New Year's Resolutions for Employers from Huffington Post
"I'm not very good at New Year's resolutions. It's never made sense to me to pick an arbitrary date and pretend I'm going to start doing something -- or everything -- differently from that point on. Any gym owner can tell you how the weight room and spin classes swell each January, only to return to near-empty by March. Resolutions rarely effect any permanent change. Nonetheless, a little wishful thinking never hurt anyone. So this year I've written some resolutions. The twist is, they're not for me. They're for employers. Specifically, they're for all those employers out there who haven't yet figured out that work doesn't always have to be drudgery, that turnover doesn't always have to be sky-high, and that it's not only possible for a more humane work environment to co-exist with profits, it's probable."
It's the end of the year! This is the time of year many companies offer pay increases and bonuses, so we thought we would share some of the latest thinking around these topics. Happy New Year to you - we hope 2016 is filled with good fortune and happiness.
1) 5 Bonuses Employees Love No Matter What the Time of Year from Entrepreneur
"It’s the end of the year, which for many employees means holiday bonus season. Originally, monetary holiday bonuses were intended as appreciation for employees -- and help with the extra expenses they incur this time of year. But is a bigger paycheck once a year still the best way to engage employees and acknowledge their hard work? A 2015 Glassdoor survey of more than 2,000 employees found that 79 percent of respondents would prefer new or additional benefits, instead of a pay raise. Considering that preference, then, here are five unique bonuses employees will appreciate more than extra cash -- bonuses they can benefit from year 'round, long after the holidays have ended."
The holidays remind people to give - to family, friends, coworkers, bosses, etc. This week's Talent and HR News Weekly Update focuses on the work part and giving to employees. Happy holidays from exaqueo. Enjoy!
1) Employees get $1,000 to shop as holiday bonus from CNN Money
"It's the holiday bonus that's also good for the boss. Shopify is giving away $1 million to its employees -- in Shopify credits. The company sells e-commerce technology used by 200,000 merchants. Those include startups like GoldieBlox, which sells engineering toys for girls; Leesa, a mattress retailer; Tesla Motors(TSLA); and roughly 1,000 nonprofits like Charity Water. Now, each of its 1,000 employees will get $1,000 to spend wherever they choose. "We had a really incredible year," said Shopify (SHOP) marketing chief Craig Miller. "We wanted to give a big thank you to our employees, but also thank our merchants." The company went public in May and has exceeded revenue and profit expectations."
Everything comes down to communication. You could have the best product or program, and it doesn't matter if no one knows about it or buys into it. So effective communication becomes essential. Here are some articles in line with the communication theme, whether it's interviewing, advice, or email. Happy weekend!
1) 4 Communication Mistakes Companies Make When Interviewing from Entrepreneur
"It’s common for job candidates to be anxious during the interview process. The pressure of having the perfect resume and giving the best answer to each question can get to even the most confident job seeker. But maybe employers should be getting nervous as well. In 2015, LinkedIn surveyed more than 20,000 employees worldwide. When it came to the interview process, 83 percent said a negative experience could change their mind about working for a company. If they want to attract top talent, then, employers and hiring managers need to pay special attention to how effective their communication skills are during the hiring process."
I started exaqueo to fill a niche in the market—help clients building honest, authentic employer brands and powerful talent attraction and retention programs based on how employees and candidates really think, feel and act. Since the end of 2011, we’ve built a bespoke brand catering to clients all over the world. But I also started exaqueo to build a better work experience for myself and the people around me.
The majority of us have to work. Unfortunately no job or company is perfect. You have to take the good with the bad. And, there are always opportunities to improve. Even the slightest improvement can make a big impact on employees. Below are some ideas for making work better - whether it's through culture, work/life balance, or more transparency.
Have a great Friday!
1) Engagement and empowerment: 4 simple ways to make work better from Smartblog on Leadership
"Most of us actually enjoy working and doing a great job. We find fulfillment in adding value and contributing our time and energy to something meaningful. But too often, endless procedures, superfluous tasks, and office policies detract from that feeling of fulfillment, disengaging us from our work. Sixty percent of businesses have two to three approvals from managers for even the simplest human resources requests. Because of these redundancies, productivity suffers, communication breaks down, and many even have trouble remembering why they cared in the first place."
Your mind might be on buying holiday gifts, but your to do list for 2016 says "build a better employer brand." With unemployment in the U.S. staying steady at 5%, the issue isn't just finding talent, it's finding talent that fits with your culture and organization.
It's hard to imagine that the always losing Charlie Brown would be able to help, but the story of the Peanuts Christmas special has a few hidden lessons to help you rethink your strategy.
There was a time when letters were the only way to communicate, then phones came into the picture, then email. At each of those stages, we never imagined how different work, or life for that matter, could be. So what can we look forward to in terms of the way we work, recruit, and operate in HR? Here are some things people are seeing in their crystal balls. Enjoy this week's Talent and HR News Weekly Roundup, focusing on the future.
1) Netflix’s Former Top Recruiter on the Workplace of the Future from Wall Street Journal
"Right now, thanks to social media, we have a connection with customers that we’ve never had before—instant feedback on how a company is doing. As a result, you’re going to see a tighter connection between what people do and who they serve. We’re not going to have silo departments within a company that operate on their own and never see the outside world. And we need to educate our employees accordingly by teaching them how the entire business works and how they fit into the machine. I’d rather have employees spend one hour learning how a company makes its money than sit through a yearlong course on conflict management. Knowing how a business works will help employees understand why decisions are made, and that goes a long way toward improving performance. Corporate jargon does nothing but slow us down, and it’s the exact opposite of the transparency and openness we’re going to see more of in the future."
In honor of one of the US's biggest holidays - Thanksgiving - this week we're featuring pieces about showing gratitude and appreciation to your employees and at work. And don't forget to be thankful for your own employer too! Happy Thanksgiving and happy weekend!
1) 5 Unique Ways to Show Thanks to Your Employees from Inc.
"The most important ingredient for a perfect Thanksgiving is gratitude. Show your employees you care with these gestures. Most of the ingredients for the perfect Thanksgiving are easily attained, but many people struggle with (or forget) the "thanks" part. Silly, since that's what Thanksgiving is really about. Yet expressing gratitude does not come easily for everyone. I find that entrepreneurs easily neglect to offer adequate thanks to their employees. Sure, they are paid for doing their job, but that doesn't eliminate their need for recognition, thanks, and praise. Turn over a new leaf this year by devoting time to thinking about the special gifts and qualities each of your employees brings to your business. Then take the next big step: Show your gratitude in a meaningful way. Your thoughtfulness will go a long way. Employees who feel appreciated will reward you with their loyalty and more."
We’ve all had moments where we focus on the negative aspects of our jobs. I remember complaining to my dad about some of the menial tasks that I had to do in my first job out of college. “It just wasn’t rewarding work,” I told him. How millennial of me. He told me that more than likely a job is about 70% grunt work (aka, the things you don’t like to do) and 30% enjoyable work (aka, the things you like to do). That outlook seemed pretty bleak to me at the time, and maybe his perspective was a reflection of his generation. But now that I’m a bit older, the general message he was trying to tell me was that no job is perfect. There will always be aspects of any job that you don’t like, but it’s more about what your willing to tolerate to also get the good stuff. You may love the content of your work, but you have a terrible boss. Or your commute is terrible, but you have incredible colleagues.
This week we have a bunch of tips and tricks for you to consider when it comes to employees, recruiting, leadership, etc. Enjoy and have a great weekend!
1) 14 Highly Effective Ways to Motivate Employees from Inc.
"Your employees may not be as motivated as you are. Here are 14 tips from entrepreneurs on how to better motivate your staff. You believe in your company wholeheartedly. There's an entrepreneurial fire burning strong inside that motivates you to work harder each day. Unfortunately, the same cannot always be said about your employees. In a 2015 SHRM Employee Job Satisfaction and Engagement survey, only 69 percent of employees felt they were consistently putting all their effort into their work. If you've tried a variety of incentives but are still seeing the negative side effects of low motivation, you're not alone. Sometimes even the best managers have to think outside the box to find creative and reliable ways to motivate their employees."
In honor of Veteran's Day in the US, we're focusing this week's Talent and HR News Weekly Update on veterans and jobs. Here are some recent articles about the two topics as they relate to each other. And don't miss Susan's post on our own blog this week about veterans. Happy weekend!
1) Obama’s Veterans Day message focuses on jobs from Washington Post
"President Obama focused his Veterans Day remarks on the growing ranks of former troops who have served in Iraq and Afghanistan and are now searching for new ways to serve their country at home. “We’re in the midst of a new wave of American veterans,” said Obama, referring to a generation of men and women who have weathered the longest stretch of war in U.S. history. Those veterans have struggled in recent years to get care from an overwhelmed Department of Veterans Affairs. They’ve faced a higher unemployment rate than their civilian peers and an increase in suicides."
Every year when Veterans Day rolls around, we love to get a piece of the action. We dutifully thank our veterans, offer them discounts on products and services and create wistful, tear-inducing commercials talking about our commitment. Social media is not exception. From hashtags to heartfelt posts, we'll be uber-thanking our veterans and those serving in the military. As we should.
But it's not really what veterans want. Ask them.
It's now November, which means stores have started putting out their holiday stuff (if they haven't already!). It's also about the time that people start thinking about their holiday vacation time, so we thought we would share some of the latest thinking around vacation, and it's not just about the latest trend of "unlimited vacation" (although there is some of that mixed in). In a world that is so connected and culture that's addicted to work, it's nice to see a decent amount of writing about the topic of vacation for employees.
1) We Offered Unlimited Vacation for One Year. Here's What We Learned. from Fast Company
"Unlimited vacation is still a hot topic among companies that are taking a fresh look at their benefits. Earlier this fall, Kickstarter axed its unlimited vacation policy, saying that it had actually encouraged employees to take less time off. Still, unlimited vacation has its advocates, particularly as an antidote to reports of work-life balance becoming ever more elusive. Other employers worry that adopting an unlimited vacation policy opens the door for workers to abuse it, harming the company's productivity. So which is it? Having recently tried a year with unlimited vacation, we've found that it's neither."
This week we're focusing our weekly roundup on what's been in the news lately around jobs and the workforce. There are a lot of interesting reads to kick off your weekend. Oh, and Happy Halloween!
1) Here’s What Companies Are Saying About Wage Growth in Their Earnings Calls from Bloomberg
"Some signs of labor market tightness. Earnings season is in full swing in the U.S., and the labor market continues to be a big topic as the Federal Reserve debates whether to raise interest rates for the first time in nearly a decade. Although wage growth has remained elusive despite a hiring boom, there are some anecdotal signs it’s picking up, as a number of companies in the Standard & Poor’s 500-stock index have mentioned rising labor costs on their earnings calls over the past quarter. Here’s a sampling. McDonald’s, which announced a pay increase for company-owned locations earlier this year: The incremental labor cost in the U.S. related primarily to our decision to invest in our people by raising wages and providing paid time off for employees at our company-operated restaurants, as well as providing educational assistance to all eligible U.S. restaurant employees effective July 1."