Google, Amazon, Microsoft, and others have laid off large numbers of employees. So, does that mean the talent market is loosening and people are now available for less? In a word, no. In fact, recruiting great employees is as competitive as ever. And if you’re not in tune with what top talent is expecting, you’ll end up on the losing end of that competition. Consequently, this month’s GrowthNotes addresses current employee recruiting trends and what the workforce’s rising generation is expecting in a value proposition.
5 Must-Have Employee Benefits Business Owners Should Offer to Ensure Retention and Well-Being
(Insider)
Insider spoke with Paula Allen—the global leader and senior vice-president of research and total wellbeing at Lifeworks, a company providing health and wellness support to businesses and employees around the world—about the benefits and perks workers want most right now. Allen suggests small business owners implement support in five key benefit categories to successfully attract and retain employees. Read More>
The Secrets of an Effective Millennial Pay Strategy
(VisionLink)
One of the most common mistakes businesses make in trying to construct pay for Millennials is to treat them as one monolithic group—almost as if they were all the same person. Data indicate that Millennials represent a diverse range of age, experience, and ambition. Trying to make assumptions about what "all Millennials" desire (or reject) in the realm of compensation and rewards, without an acknowledgement of those segments, is a recipe for disaster. So, let’s consider the career groupings into which Millennials typically fit. Read More>
2023 Global Human Capital Trends
(Deloitte)
In a boundaryless world, work isn’t defined by jobs, the workplace isn’t a specific place, and many workers aren’t traditional employees. Those who partner with workers and experiment with what’s possible will create sustainable work models and elevated outcomes—making work better for humans and humans better at work. Read More>
