The COVID-19 pandemic has drastically impacted the global economy, leaving many companies struggling with financial instability. As a result, businesses have had to make tough decisions to reduce costs, including laying off employees. In Q1 2021, U.S.-based companies have cut more than 270,000 jobs, a nearly 400% increase year-over-year. In this article, we will explore the impact of the increase
The US labor force has undergone significant changes in recent years, with many Americans leaving or not entering the workforce altogether. While some may assume that this trend is solely due to unemployment or a lack of job opportunities, there are a variety of factors contributing to this phenomenon. In this article, we will explore the reasons why Americans are
Gone are the days when merely receiving a paycheck was the sole determinant of whether an employee was satisfied with their job. Today, companies must offer more than just a salary or wages to retain top talent and keep them motivated. They must have an effective total rewards package that includes generous benefits, paid time off, career development opportunities, mental
The COVID-19 pandemic has been a defining event in many ways, including the unprecedented disruption it has caused to nearly every aspect of daily life, including healthcare benefits. In response to the pandemic and the resulting economic fallout, the federal government implemented numerous measures to provide relief to individuals and businesses, including extensions to COBRA healthcare benefits. However, the end
In a world where success and productivity are often glorified and celebrated, it’s easy to fall into the trap of toxic productivity. In short, toxic productivity is driven by the belief that being busy, working hard, and constantly grinding will lead to success and happiness. However, as the saying goes, “all work and no play makes Jack a dull boy.”
In today’s competitive job market, employers are constantly vying for top talent. One way they do this is by offering attractive compensation and benefits packages. However, the days of a one-size-fits-all approach are gone. Today’s employees want customized packages that match their individual needs. To create the most effective strategy, employers need to include employee feedback in their planning, design,
Organizations are under pressure to transform due to the ongoing digital revolution, which has increased the demand for faster, more efficient, and cost-effective ways of doing business. However, many organizations struggle to achieve their desired changes as they adopt a single approach to change. This article argues that a rigid change strategy could be hindering your transformation, and that multiple
“Innovation” has become a buzzword in the business world. Everyone wants to be innovative, but not everyone knows how to do it effectively. Building an innovative culture requires a commitment to change and a willingness to take risks. For many companies, true innovation can only happen if there is a transformation in the way they operate. In this article, we
Anxiety in the workplace is not uncommon. Work-related stress, longer hours, and tight deadlines can trigger anxiety in employees who have never experienced it before. Anxiety can take many forms, including physical, emotional, and cognitive symptoms that can be challenging to understand. It’s essential to acknowledge and address the prevalence of anxiety in the workplace to create a supportive work
The past two years have seen a massive shift in the world of work, with many companies embracing remote and hybrid work arrangements. While this has provided greater flexibility and work-life balance for many, it is clear that it is not always rainbows and butterflies. A recent survey has shed some light on the challenges facing workers in these arrangements
The COVID-19 pandemic has rapidly accelerated the way we work, and now hybrid work has become the new normal. Hybrid work, where employees split their time between working remotely and working in the office, has become increasingly popular. This new normal has resulted in a swift adoption of remote collaboration tools and powerful video conferencing devices. Connectedness is crucial in
In the world of business, workforce management software has emerged as one of the most critical components in ensuring optimal productivity and employee accountability. With the incorporation of advanced analytics and AI capabilities, managers can forecast staffing levels to better optimize their staff requirements. In recent times, the COVID-19 pandemic has disrupted traditional work models, with remote work becoming a
