Wellbeing at work is considered a top priority for many organizations. However, despite investments in employee wellbeing (EWB), many organizations have yet to make meaningful progress in this critical area. This lack of progress is being felt by employees at all levels, including nearly 70% of executives surveyed by Deloitte, who say they are seriously considering …
In a post last week, I mentioned that employee retention continues to be a top concern of many leaders. In that post, I shared a template by Jo-Ann Garbutt that includes 18 questions managers can use to raise their awareness of the factors that influence employee retention risk. A few sample questions include: 1) Do I …
Many organizations conduct talent reviews to uncover talent gaps, identify high-potential employees, and inform succession planning. And as noted in this new article by Marc Effron, organizations continue to grapple with what tool they should use to guide talent review discussions, including the classic 9-box of performance and potential. Marc notes that when asked what …
As organizations prioritize strategic workforce planning (SWP), scenario planning can help improve the effectiveness of their SWP efforts. Scenario planning (SP) helps envision, describe, and plan for possible—but alternative—futures an organization may face. These scenarios are generated by considering factors such as economic growth, labor market conditions, and the introduction of new technologies, to name a few. …
The U.S. Supreme Court’s June 24 decision to overturn Roe v. Wade has profound implications for organizations and their workers. And while these implications are many and far-reaching, a few of the HR-related implications range from: a) the impact on how employers will change employer health and benefits to b) the ability to recruit workers, especially those whose organizations …
Strategic workforce planning (SWP) is a top priority for many organizations. Yet, practitioners often struggle to implement SWP in their firms. According to research by Boston Consulting Group (BCG) of 32 HR practices, SWP is among the top three talent practices with the most significant gaps between the importance organizations place on the capability and their …
As employee retention continues to be a top concern of many leaders, I am reminded of an important quote from Leigh Branham’s book, The 7 Hidden Reasons Employees Leave: “employee turnover is not an event — it is a process of disengagement that can take days, weeks, months or even years until the actual decision to leave …
This newly published 16-page paper provides insights into how the role of the Compensation Committee continues to expand beyond its traditional charter. The ideas and learnings are based on interviews with 24 Compensation Chairs, CHROs, and Compensation Consultants across multiple sectors. The paper begins by outlining various factors driving the evolution of the Compensation Committee’s charter, such …
As inflation persists, workers’ real wages and buying power continue to decline despite wage growth. In the U.S. alone, consumer inflation is up 8.6% in May 2022 compared to May 2021—its highest level since December 1981. And with little signs of this trend slowing down soon, organizations are increasingly concerned about the impact inflation will have …
The Chief Human Resource Officer (CHRO) role continues to be one of the most important in many organizations. Over the last 80 days alone, I have tracked 307 CHRO appointments (hires and promotions) as part of CHROs on the Go. A segment of these appointments is in organizations where the CHRO role is newly created. As CHROs …
Copyright ©2022. All Right Reserved.