At exaqueo, we strongly value the need to fully disconnect from work and recharge, so we provide a shared week off in both the Summer and Winter as a benefit for our team to enjoy. In the spirit of exaqueo’s upcoming Summer break, we’re sharing the latest news on motivating employees with time off and incentives. Enjoy!
1) We Gave Our Employees Fridays Off Paid and Now We Have an Amazing Team from Entrepreneur
“Taking Fridays off isn’t an extraordinarily new idea. Billionaires Carlos Slim and Larry Page have spoken publicly in support of shorter work weeks since 2014, but the idea has yet to catch on.
At many companies, in the San Francisco Bay area particularly, work perks are very entitlement-focused and thrown at employees like Frisbees -- team happy hours, free gym memberships, a fully stocked kitchen, logo-emblazed hoodies, an in-office ping-pong table. These perks were essentially non-existent a decade ago, but have now become so common that employees actually expect them, lessening their appreciation for them. We often hear company leaders soapbox about employee wellness and providing a work-life balance, but does throwing employees a free gym membership truly promote that?
A recent EY survey revealed that one-third of employees report that managing a work-life balance has become harder than ever. This leaves me to believe that today’s run-of-the-mill incentives do nothing to motivate employees. They simply create expectations (for what?) and waste company money. While several hyper-funded, successful companies go above and beyond to offer something unique -- vacation allowances, college tuition reimbursements and long-term paid parental leave -- only a select few actually give employees a true work-life balance; one that includes more time off.”
In this week's Talent and HR News Weekly Roundup, we're featuring a mix of insight on innovative hiring. Enjoy!
1) A Data-Driven Approach to Group Creativity from Harvard Business Review
“How can you ensure that your company has innovative teams? Though many organizations already use assessment for hiring, leadership development, team-building, and executive coaching, it has not been extended much to hiring and building better innovation teams. Why does this even matter? It matters because innovation requires specific personality types, characteristics, and an environment that engenders psychological safety, to be unleashed. In select studies, innovation teams that leveraged personality types generated 95 times more profit and increased the speed as well as effectiveness of new business development by over 900% compared to their counterparts.”
In this week's Talent and HR News Weekly Roundup, we're featuring insight into managing hiring and talent. Enjoy!
1) What to Look for When Hiring Your Startup Team from Inc.com
“There's a multitude of ideas to consider when building your team, and far more information than can be discussed in a single article. But if you keep these five basic suggestions in mind, you should be able to create the world-class team you had always dreamed of, and on a budget you can afford in your startup's early days.”
Employer branding is such an important focus area; it has the power to affect the overall market perception of your company. So what is it about your company that would attract talent? Why would people want to work for you? What makes your company stand out? At exaqueo, we understand that every company is unique, which is why we take a bespoke approach to building honest, authentic employer brands and powerful talent attraction programs for our clients. In this week's Talent and HR News Weekly Roundup, we're featuring recent insight into just that.
1) These Are Job Seekers' Top 3 Priorities Right Now, According To LinkedIn from Fast Company
"Last year, job openings in the U.S. hit a five-year high, clocking in at over 5 million, where they remain today. That's a lot of positions that need filling, but the good news for employers is that a staggering 90% of professionals, according to new research here at LinkedIn, are open to considering them.
One reason so many people say they'd like to hear more about job opportunities is because they simply don't know enough about them already. For all the job-search resources out there, it seems people still need more—or different—information about prospective employers than they're currently getting.
That points to a pretty big disconnect in the employer brand department, but to mend it, companies need to know what job seekers actually want to learn when they’re skimming job descriptions and career sites, and weighing whether or not to apply."
In this week's Talent and HR News Weekly Update, we're featuring insight into innovative hiring, culture, talent and more. You may even ask yourself a few questions after reflecting on these good reads. Enjoy!
1) 7 Ways Leaders Can Shape A More Meaningful Startup Culture from Forbes
“It doesn’t take a genius to realize that it’s going to take more than a beer keg and an in-house masseuse to drive sustained performance of your startup. Beyond the perks and window dressing that business leaders adorn their exposed-brick workspaces with, what can be done to solidify certain ways of working that guide behavior to tangibly drive the results you’re looking for? Most articles out there about startup culture focus on some of the very important basic foundations that help align people in organizations: Creating a clear and compelling vision that creates a fire in peoples’ bellies about what you’re trying to accomplish. Articulating an intentional strategy where every individual can clearly see how their day-to-day behaviors support the bigger picture. Creating a non-negotiable set of core values that help members of the group understand what’s important and help guide decisions at the point closest to the issue. Right now, some of you may be saying to yourselves, “We’ve done that. Now what?” Well, let’s go there.”
In this week's Talent and HR News Weekly Update, we're featuring insight into meaningful work, employee happiness, and more. Here’s a fresh perspective just in time for the weekend. Enjoy!
1) This Is What Happens When Employees Find Meaning at Work from Entrepreneur
“Meaningful work is something everyone wants. Employees desire jobs with a purpose they can identify with; they want to know that they’re making an impact. But is "meaning" a workplace necessity? Shouldn’t employees show up to work each day engaged and ready to go simply because the employer is paying them? The answer to that question may be "no." While, at first glance, "meaningful work" sounds like just another fluffy, feel-good ideal, it turns out that employees want and need more than a paycheck to stay engaged at work.”
In this week's Talent and HR News Weekly Update, we're featuring the latest thinking around interviewing and hiring. Enjoy!
1) Would You Meet This CEO for a 6:30 A.M. Interview? from The Street
"The job interview is a chance to learn about your potential employer. You can learn a lot from someone who would schedule an early morning interview as a power move. The way an employer schedules and conducts an interview with a potential employee can attract the best talent or drive away recruits in a hurry. That's because the particulars of that meeting can offer a window into company culture -- and a negative light may be all someone needs to take his resume down the street. Many CEOs are unintentionally choosing the latter strategy and repelling workers. Employees who encounter terrible circumstances for a job interview may see an awful future at a company with an unappealing culture: expanded working hours without a rise in pay and an on-call lifestyle."
The race for talent is on. Companies are offering many different perks and benefits to stand out from the crowd. But are these what candidates and employees really value? Or just putting lipstick on a pig? In this week's Talent and HR News Weekly Roundup, we're sharing some of the latest thinking around perks, benefits, and work style.
1) Wedding expenses and Tesla leases: The arms race in employee perks from Washington Post
"Nick DeMarco runs a small biotech startup in Raleigh, N.C., that makes scientific instruments. But what got his company, Practichem, attention from CNBC's "Power Lunch," the Huffington Post, Fortune and other media outlets last week wasn't the innovative products he's making. It was his promise to lease Tesla Model 3s to employees when they become available. "The world’s changed a lot, and technology people are really hard to bring in," DeMarco, who has 10 full-time employees and is trying to double that number with new hires, said in an interview Monday. He believes spending money to lease the wildly popular cars -- which are not expected to be available until at least the end of next year -- will turn out to be a smarter recruiting investment than funneling more money to headhunters. Though he sees the leases as rewards for good performance to help retain current workers, he's also hopeful the media coverage and word-of-mouth from employees will help him hire people with the skills he needs in what he calls an "esoteric field." "We're not sexy," he says."
In this week's Talent and HR News Weekly Update, we're showcasing the latest thinking to keep you up on the beat. Anything from engagement (will we ever see this go away? probably not) to mental health days. Happy Friday!
1) Stripe's Crazy New Hiring Experiment: Bring Your Own Team from Inc.
"From Google's wacky (and now out of favor) brain teaser interview questions to Zappos' unusual offer to pay recruits to quit if they didn't feel at home in their new job, startups and tech companies regularly pioneer new hiring practices that entrepreneurs in other industries might want to consider trying. Here's a new one for you, courtesy of the management at payment startup Stripe: how about hiring teams, rather than individuals?"
This week's Talent and HR News Weekly Roundup features the latest thinking on hiring. There are lots of different perspectives below - enjoy!
1) How to Streamline Your Hiring Process and Attract the best team from Betterteam
"Want to make sure your company grows and keeps growing? Hope to enjoy working with your colleagues instead of dreading it? Trying to save time sifting through applicants? Get the right hiring process in place, and all of this will come together. Get the wrong one in place, or march forward without one, and it’ll cost you. Literally, as in tens thousands of dollars or more. Rather than hoping that each hire will work out, or trying to turn bad hires into good ones, build a solid hiring process - a system that creates a continuous pipeline of great employees. An effective hiring process will help you hire at the right moment, get more qualified applicants and save time by screening out unqualified ones. It’ll help you get the best applicants hired and keep them longer."
Since there was a lot of good stuff on the interwebs this week, we're sharing the latest. No themes, no topics, just the latest in HR thinking. Happy weekend!
1) Employers set to increase career development program to retain talent from Employee Benefit Advisor
"Career development programs are poised for significant growth this year, as employers recognize alternative rewards as part of a benefits strategy to keep and retain employees. According to new research by Korn Ferry Hay Group, companies are prioritizing career development over other alternative rewards, benefits and bonuses for their employees. More than half of the 242 employer respondents polled by the consulting group said they intend to expand the use of career development programs across all employee levels. “Retention of key talent is a top-of-mind issue for organizations these days, given the lowest unemployment in several years and continued economic health of most industry sectors,” says Tom McMullen, rewards practice leader, Korn Ferry Hay Group."
Over here at exaqueo, we love brand. Consumer brands are cool, sure. But for me personally? Employer brand has more meaning. Sure, there are products and services that are invaluable and that change your life. But (almost) everyone works, and you spend most of your time at work. Deciding where to work is a major life decision. The salary you land on, the experience you get, the connections you make...this mostly sets the trajectory for your professional life. So that brand experience is crucial. This week our Talent and HR News Weekly Roundup features the latest thinking on employer brand. Enjoy!
1) How to Use Employer Branding to Become a Talent Magnet from Beamery
"Recruiters at Google probably have a much easier time of it than you! It’s not because they’re necessarily any better at their job, it’s because Google’s employer brand is so strong. The company has become THE place to work for many great engineers. Everyone has heard of Google and the exciting projects that it’s working on, (self driving cars being perhaps the most famous.) Therefore, whenever a sourcer reaches out to a top candidate, they’re already predisposed to listen to whatever it is they have to say. This is the power of branding! You may not have the resources or reputation of Google, but that doesn’t mean that you can’t build an awesome brand."
There is so much in the media about Gen Y/Millennials that we often forget about Gen X. They are a bit overlooked when discussing work behaviors because they are so overshadowed by other generations. But there's more to Gen X than meets the eye, so this week we're featuring this under-the-radar generation.
1) ...But What About Gen X Workers? from HRE Daily
"What will we do as the baby boomers retire en masse, and take their decades of knowledge and experience with them? And these millennials, who many projections say will soon make up nearly three-quarters of the U.S. workforce—how do we harness their considerable abilities and put them to the best use within our organization? Organizations everywhere have wrestled with the questions and challenges surrounding these unique groups of workers in recent years. But there’s another, large group of employees in the middle that may not receive as much attention. Some new research, however, suggests that employers would be wise to focus more on Generation X and the many assets this dedicated cohort can bring to the workplace."
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."
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."
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."
Compensation and wages have been in the news lately, with wage growth in the US picking up as of late. Below are some interesting articles focused on this area of HR - and it's not just salary we're talking about here. Enjoy!
1) Forget Raises. Employers Lean on Health Benefits to Retain Workers from Bloomberg
"Wages are still stagnant, yet employers have found something else to help attract and retain employees: health-care benefits. A good insurance plan has become a more vital tool than ever for hiring, according to a recent survey from the Society of Human Resources. In general, the study found, companies are leaning on benefits to woo current and potential employees. Of the 460 human resources professionals in the survey, 33 percent said that in the last year their organizations used benefits of some kind—ranging from paid leave to wellness programs—to keep employees at all levels from leaving the company. That marks a surge from just 18 percent who relied on benefits to retain staff in 2012."
In this week's Talent and HR News Weekly Update, we're putting the spotlight on hiring. It's a critical point for any individual and company. There's always the question on both sides if this is the right decision. The timely articles below provide different perspectives when it comes to hiring. Enjoy!
1) The Simple Formula For Hiring And Retaining Top Performers from Inc
Want to attract the best talent and keep them? There’s a simple formula to follow, and it’s not about the money. Perfect Candidate = Ideal Cultural Fit + Proven Ability To Do The Job. There are only three reasons why any hiring manager will hire someone: 1. Best Cultural Fit, 2. Proven Ability, 3. Need For The Role. What Is Your Culture? When you hire for culture first, you’re ensuring that the person you choose will fit in with your existing team. Culture is your unwritten rules, your philosophies, your methods, your beliefs, your way of doing things, even down to your mannerisms and how you dress. When the rock band AC/DC needed a new singer, they didn’t choose a female ballad singer, they chose a hard-rocking, leather-wearing man who fit their style, image and energy. When you’re hiring, whether you are aware of it or not, you’re doing the same thing."
he wage wars are heating up this summer. We've talked about companies taking the initiative and raising the minimum they pay their employees, and now the government is taking action too this week. Other employment news to highlight covers women in the workforce, your boss, and one technology company's plans to cut its workforce. Check it all out in this week's Talent and HR News Weekly Roundup!
1) New York Panel Approves $15 Fast-Food Wage from The Wall Street Journal
"Board recommends $15 minimum wage for fast-food workers in NYC by 2018 for establishments that are part of chains with more than 30 locations nationwide. New York state’s fast-food wage board on Wednesday recommended raising the minimum wage for that industry to $15 an hour by 2018 in New York City and by 2021 elsewhere in the state. The move gives Gov. Andrew Cuomo a political gain with labor unions and liberal Democrats who have pushed for higher wages for low-income workers, even as it prompted an immediate backlash from businesses that say higher costs will lead to job losses."