2020 Workforce news roundup

The Digital Highway: Why HR Needs to Move Out of the Slow Lane (Wired): Legacy HR IT systems could be preventing companies from realizing competitive advantage through people. Digital technologies are changing the way employees find jobs, learn, and do their work—so HR needs to make digital a priority.

U.S. Workers Can’t Get No (Job) Satisfaction (Wall Street Journal): According to a new survey from the Conference Board, job satisfaction in the US has decreased significantly since 1987, when the survey was first conducted. While workers today are more satisfied with bonuses and flexible-work opportunities, they are less satisfied with job security, sick leave, and health coverage.

Temporary Jobs Are Canada’s Future: Report (Huffington Post): The practice of hiring contract workers is likely to pick up over the next few months in Canada, where the economic environment is unstable and employers can be fill jobs quickly without offering benefits or vacation time.

2020 Workforce news roundup

Indian workforce reports lowest employer loyalty in Asia: Report (The Economic Times – India): A recent study of employee engagement levels in India has highlighted the need for Indian companies to increase their efforts in that area. “When employees are effectively engaged—in alignment with corporate strategy—extraordinary performance advantages are achieved,” says Brad Adams, Head of HR Research in Asia at the Corporate Executive Board.

Obama Calls for Family-Friendly Workplace Policies (Wall Street Journal): At the White House Summit on Working Families, President Obama communicated his support for paid parental leave, noting that the US is the only developed country that does not offer paid maternity leave. The White House and the Labor Department are planning to fund paid-leave programs, but will likely struggle to find support from Congress.

Millennials want more out of work (Chicago Tribune): Popular opinion says easily bored Millennials choose meaningful work and flexibility over compensation, and that they change jobs much more frequently than older workers. (But our preliminary survey results suggest that the gap between what Millennials think and what others think may not be as wide as most believe.)

Retirement age of new Hong Kong civil servants to rise to 65 under new plans (South China Morning Post): In an effort to address the shrinking workforce, the retirement age for newly hired public sectors in Hong Kong will extend from 60 to 65.

2020 Workforce news roundup

CFOs Expect Labor Unrest Will Hit Economic Growth in Latin America (Wall Street Journal): A new study from Duke University and CFO Magazine found that nearly three-quarters of Latin American survey respondents say they expect strikes and unrest to affect their country’s over the next year—significantly more than respondents in any other region.

Singapore workers view job as just ‘way to make living’  (The Global Recruiter): According to a recent Randstad Workmonitor survey, three-quarters of respondents in Singapore say they are only at their job to make a living, and 80% say they would not hesitate to leave their jobs for more money.

Bridging the job skills gap around the developing world (Washington Post): The Results for Development Institute estimates that by 2030, there will be 3.5 billion people in the global workforce, 1 billion of whom will not have the necessary skills to find a job.

Yahoo, LinkedIn, Google: Not A Diverse Club (InformationWeek): Silicon Valley tech companies have finally released their workforce diversity stats—and the numbers are skewed.

2020 Workforce news roundup

Enough about Introverts: Mastering the Way to Work with Extroverts (FastCompany): The work styles and preferences of introverts have been a popular topic in the news recently, but even introvert advocate Susan Cain (author of Quiet) recognizes that more outspoken employees need quiet time and focus, too.

A Job Description Written for Exactly One Person (The Atlantic): Santa Clara University recently published a job posting so specific, only one person was qualified—the current man in the position.

Nearly half of Millennials aren’t saving for retirement (Baltimore Business Journal): According to a recent Wells Fargo survey, 47% of Millennials are putting at least half of their paychecks toward debt, but they aren’t able to save for retirement—suggesting that companies looking to hire younger workers should consider offering simple financial plans and advice to their employees.

Remember that aging workforce the feds kept talking about? Well, it’s still a problem. (Washington Business Journal): A new survey of federal CIOs shows that the federal workforce is still dealing with the threat of an aging workforce and their inability to attract younger employees to replace them.

2020 Workforce news roundup

Work-Life Balance through Interval Training (Harvard Business Review): Scott Behson reviews the concept of the “corporate athlete” (a term coined by authors Jim Loehr and Tony Schwartz). According to the authors, work-life athleticism comes down to three critical dimensions—mind and body, performance and development, and exertion and recovery.

What It’s Like to Deliver Bad News for a Living (The Atlantic): For those who spend their working hours delivering bad news—like oncologists, first responders, and consultants handling massive layoffs—the job can be psychologically and physically damaging.

TSB Freezes CEO Pay, Pledges Free Employee Shares in IPO (Bloomberg): As the gap in pay between high-level executives and mid-level employees attracts more attention, TSB Bank has frozen its CEO’s salary and limited his bonus.

How Greyhound Is Trying to Stay Relevant at 100 Years Old (FastCompany): Over the past few years, Greyhound has restructured its business to stay successful. One of those changes is making sure employees are empowered and equipped to handle their jobs.

2020 Workforce news roundup

Don’t Go to Work: The management scheme that lets workers do whatever they want, as long as they get things done. (Slate): Best Buy created what they call the Results-Only Work Environment (ROWE) in 2003, a model that gives employees complete autonomy, including the freedom to choose hours, vacation time, and even which meetings to attend. The retailer believes the ROWE not only improves employee satisfaction, but also leads to better business results for the company.

The key to employee engagement has less to do with management than you’d think (Fast Company): A recent study from Bain & Company says the employees who are least engaged are those who have the least control—and the most customer contact. What can executives do to make sure these employees are engaged and passing along that satisfaction to the customers?

The curious case of the missing Millennial workers (CNN Money): According to a recent Fortune report based on Bureau of Labor Statistics, roughly 10% of recent college graduates are neither in the workforce nor in school. While contract workers may account for part of this number, the trend may still present a challenge for companies looking to hire entry-level employees.

Kill the Cover Letter and Résumé (New York Magazine): New thinking suggests the traditional application packet—a cover letter and résumé—are major impediments to hiring diverse and skilled workforces, as recent research has exposed the bias that often creeps into a hiring manager’s review of the materials.

2020 Workforce news roundup

Wearables may increase worker productivity (Telegraph): A new study from University of London looks at the effects of wearable technologies—including devices that monitor posture, brain activity, and motion data—on employee productivity and satisfaction.

Corporate social responsibility as a driver of employee engagement (Associations Now): According to a study published in the American Marketing Association, CSR initiatives can positively impact employee performance.

HubSpot relies on non-traditional interview tactics to find employees (FastCompany): Tricks like waiting to see if an job candidate picks up trash left on the table after the interview or dedicating the majority of an interview slot to a candidate’s questions are used at HubSpot to determine if someone’s personality would work well in a given department. Are these interview tactics a factor in the company’s 85% retention rate?

Google will release stats about diversity of its workforce (USA Today): Tech giant Google will release this employee next month as a response to backlash against tech companies for hiring too few minorities and women. Google’s transparency should lead the way for other tech companies and help the industry define strategies for building diverse workforces.