Welcome to our monthly roundup of employer news and trends. This month, we cover hiring incentives, women in the C-suite, hiring tips for the upcoming holiday season, how a 4-day workweek boosted productivity and well-being. being employees, and how “boomerang employees” who return to their old jobs make more money than they did before they left.
Extraordinary incentives for employees still in play
According to a new Harris Poll commissioned by Express Employment Professionals, four in five U.S. decision makers (80%) say their company is taking steps to make it easier to hire, including offering higher starting salaries (33%) and hiring bonuses (29%). %).
The survey found that more than a quarter said they offered remote work (27%) and/or offered better benefits (e.g. more paid time off, flexible hours, 27%). About 1 in 5 (21%) say their company is expanding the geographies where it advertises vacancies (e.g. other cities, states), offering more internships (19%) and/or reducing qualification requirements for vacancies (19%).
Mismatches between employers and employee expectations were also a concern noted in the survey: About 71% of U.S. hiring decision makers say it’s impossible for them to offer all the benefits that employees want now – a sentiment that has held true since 2021 (69% in both the first and second half of 2021).
Other topics include the role of a company’s culture in recruitment, retention and labor market forecasts.
The survey was conducted online in the United States between May 3 and May 23, 2022 among 1,003 American hiring decision makers.
It’s still a long climb for women at the top
“Despite progress in gender diversity overall, the distribution of women remains unequal across types of leadership positions; most women have been relegated to support roles,” according to a study published in MIT’s Sloan Management Review.
The study analyzed the career history and demographics of 4,000 Fortune 100 executives over the past 40 years, focusing on the top 10 roles at each company. The full article (“Women drag on their way to the top”) is available here. Some stats to get you started.
- Despite making up 47% of the U.S. workforce, women held just 27% of Fortune 100 leadership positions in 2021. (A huge leap since 1981, but still far from equal).
- The distribution of women is unequal according to the types of roles, which has not changed much in 20 years. Of all leadership positions held by women in 2021, only 6% were at the highest level (CEOs, presidents and COOs), virtually no change from 5% in 2011 and 7% in 2001 .
5 tips to strengthen your seasonal recruitment
Summer is over, it’s back to school, and Halloween decorations are turning outlets orange and black across the United States. Soon, it will be Thanksgiving, quickly followed by the end of the year holidays. Are you all hired for the coming months? Here are 5 tips from Recruiting.com to get a head start. The full article with more details is available here.
Start recruiting early
Update your job postings
Invest in the right sources
Consider tools to manage a talent community
Prioritize returning seasonal workers
Are four-day work weeks a crazy idea? Not in this organization!
A nonprofit’s move to a four-day workweek resulted in a 20% increase in productivity, according to this Allwork.Space article. The article features an interview with Global co-founder and CEO Charlotte Lockhart. The general guidance the nonprofit uses is its 100-80-100 rule: staff receive 100% compensation for 80% of their time as long as 100% productivity is achieved. Following the move to a 4-day work week, employees reported a 45% increase in work-life balance and a 27% decrease in work-related stress.
Net significant salary increases for “Boomerang employees” upon their return
Between January and April 2022, the average boomerang employee got a 28% pay increase when returning to a former employer, compared to their salary when they quit, according to Visier data from 3 million employee records. employees in 129 global companies. The typical boomerang worker returned 13 months after leaving. This, according to an article on CNBC. Are any of your former employees coming back? How much more do you pay them? Is it worth it? Learn more here.