This week, there has been a hodge podge of employment news: from the SEC being involved in linking executive pay to performance to getting leadership tips from U2. It's all in this week's Talent and HR News Weekly Roundup.
1) SEC Rule Would Link Executive Pay to Performance from NPR
"The Securities and Exchange Commission voted 3-2 today to propose a rule to link the pay of top corporate executives to their companies' financial performance. NPR's Jim Zarroli, reporting on All Things Considered, says: "The rule grew out of the 2010 Dodd-Frank financial overhaul bill. And it simply says that companies have to disclose whether executive pay is in line with their financial performance. "This information is already available for people who want to pore through financial reports. The new law would simply require companies to put it in a form that's easier for shareholders to digest." But, he adds, it's unclear what impact the new rule will have on corporate pay."
2) It Looks Like the US Economy is 'Beyond Full Employment' from Business Insider
"Initial weekly unemployment insurance claims, or jobless claims, plunged to 262,000 from 296,000. This was much lower than the 290,000 expected by economists, and it represented a 15-year low. Continuing claims fell to 2.253 million from 2.327 million a week ago. This is the lowest level since December 2000. "The ongoing improvement in continuing claims is particularly encouraging and is consistent with recent declines in the unemployment rate, suggesting that unemployed workers continue to find gainful employment," TD Securities' Cheng Chen said."
3) Job Satisfaction Jumped in 2014, Report Says from Chicago Tribune
"Job satisfaction increased last year for the first time in four years as an improving economy gave employers more flexibility in hiring and workers more confidence to seek out jobs they really want, according to a report released Tuesday by the Society for Human Resources Management. Eighty-six percent of U.S. employees reported overall satisfaction with their jobs last year, up from 81 percent in 2013. It's the biggest jump since the trade association started conducting the annual survey in 2002. The job satisfaction rate had decreased steadily from a high of 86 percent in 2009 to 81 percent in 2012 and 2013."
4) What Do Employees Want Most? R-E-S-P-E-C-T from CNN Money
"A new survey from the Society for Human Resource Management found 72% of employees rank "respectful treatment of all employees at all levels" to be the most important factor in job satisfaction. The other factors in the top 5 are trust between employees and senior management (64%); benefits (63%), compensation/pay (61%); and job security (59%). As for the actual work itself? It ranked No. 11. Of the more than 600 survey takers, 86% said they were satisfied with their jobs overall -- the highest level in a decade."
5) The Secret of U2's Success from SmartBlog on Leadership
"U2 began as a rock band that people booed and laughed at. Now, after receiving its 22nd Grammy Award in 2005, U2 has more than any band in history. It recently surpassed the Rolling Stones’s record for the highest revenue grossing concert tour ever. Critics rave over the band’s music, and fans worldwide can’t seem to get enough of its songs and concert appearances. All the signs indicate that U2 is at the top of its game and will be going strong for the foreseeable future. So how did this group rise to such lofty heights, and what can we learn from its success?"
Lexi Gordon is a Lead Consultant for exaqueo, a workforce consultancy that helps organizations build their cultures, employer brands and talent strategies. Contact exaqueo to learn more about how we can help you build a workforce that’s aligned with your company culture and develop an employer brand that will allow your business to scale the right way.