Practical HR Tips, News & Advice. Updated Daily.
The recent swath of layoffs couldn’t have come at a worse time for companies. Even before the staff cuts, most were already facing a crisis of trust. According to DDI’s 2023 Global Leadership Report, just 32% of leaders say they trusted senior leadership in their organization to make the right decisions, and fewer than half […]
Losing a job can hurt not only your bank account – but also your mental well-being. The aftermath of a layoff can leave you feeling a wide array of emotions, and it’s important to recognize that the impact of unemployment extends far beyond finances and career trajectories. Layoffs Affect Mental Health: Going from having a […]
The past few years in the workplace have been defined by the Great Resignation, a period marked by significant employee turnover and a quest for more fulfilling work. This era symbolized worker empowerment, with many in the US leaving their jobs for roles that better aligned with their values and improved their life quality. However, […]
The U.S. technology and professional service industries witnessed significant workforce challenges in 2023, with a continuous stream of layoffs that showed no signs of abating. These corporations grappled with various accelerating changes, including the evolution of technology, economic uncertainties, and shifts in consumer behavior. This article explores a strategic approach to managing these changes and […]
In recent years, a perfect storm of accelerating factors has roiled the corporate landscape. From the shockwaves of the pandemic to the ever-widening income gap between executives and their employees, there’s an evident and growing strain on the relationship between labor and management. If ‘The Great Resignation’ and ‘Quiet Quitting’ hadn’t tipped us off already, […]
With inflationary pressures and lingering fears of a recession, 2023 has seen layoffs in nearly every sector of the economy. But layoffs have their own price tag, which often includes severance payments to affected employees, loss of institutional knowledge, diminished employee morale, and reputational harm. Before committing to a reduction in force, employers should consider […]
There’s yet another new term for what’s happening in the workplace: “quiet cutting.” This practice sounds similar to “quiet quitting” but is very different. Where quiet quitting is employee disengagement, quiet cutting describes the practice of reassigning an employee to an undesirable role in the hopes the employee will quit. Furthermore, some businesses may choose […]
As layoffs in various industries continue, employees are feeling the impact of thinning teams on their workload. To stay on top of their tasks, many employees are turning to leavism, where they use PTO time to catch up on outstanding assignments. Although this gives employees the chance to cross things off their list, it also […]
Amid all the talk about the Great Resignation and general labor market turmoil, it’s easy to forget that high labor demand is no longer applicable across all job functions and industry segments. Recruiters facing labor shortages in certain industries might want to consider expanding their search to include candidates from nontraditional backgrounds. Job Shortages May […]
Navigating the anxiety and stress of layoffs as a company is never an easy task. HR leaders need to tend to the needs of not only those who are being laid off but also those who will remain in their roles. At the Top Employers Institute, we certify companies that promote a culture of employee mental health and well-being. […]