2021

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21 Financial Events and Trends During 2021

Money Talk

Between December 11 and 31, I have been tweeting about 21 key financial events that took place during 2021 using the hashtag #21MoneyTrends2021. Below is a written summary of these financial milestones and their impact on family finances. 1. Income and Jobs- An unprecedented 1 in 4 American workers quit jobs in 2021 as people re-evaluated work requirements, personal values, career options, and work-life balance.

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Why Organizational Culture Is a Competitive Differentiator 

Achievers

“You know, as most entrepreneurs do, that a company is only as good as its people. The hard part is actually building the team that will embody your organizational culture and propel you forward.” — Kathryn Minshew, Founder & CEO at The Muse . Organizational culture doesn’t mean that you own the trendiest or coolest business — it means that you operate a positive workplace with a strong values and an even stronger identity, a place that drives business success. .

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Top 30 Employee Retention Strategies for the "New" Work World!

Vantage Circle

Retain your best employees with these Top 30 Employee Retention Strategies and build a positive work atmosphere to promote engagement.

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Digital Transformation is Rewriting Work

HR Bartender

Estimated reading time: 4 minutes. I’m sure that the title of today’s article isn’t really a surprise to anyone. Technology has been disrupting business and the economy for quite some time. However, one of the things I’ve been hearing consistently since the pandemic became front page news is how unprepared organizations have been for digital transformation.

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An HR Leaders Guide: 7 Questions To Ask When Developing Your Cancer Strategy

As HR and Benefits leaders are in the midst of evaluating cancer care solutions and designing their requirements for vendors, it’s key to know what questions to ask to ensure the development of a truly comprehensive strategy: from prevention to diagnosis to treatment to survivorship. Getting to the right answers starts with asking the right questions: How can better access improve engagement?

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Your 2021 payroll questions answered.

Business Management Daily

Although things are starting to calm just a little, the impacts of pandemic-related legislation, sudden moves to remote work, and more are still being felt. Now is when the flood of confusing legal questions arises as businesses start to try to return to normal (and perhaps realize that normal doesn’t quite exist anymore). Regardless, you can’t put payroll on hold simply because things are confusing.

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4 Ways to Modernize Your Business

Take It Personel-ly

In the digital age, operating a successful business increasingly requires a touch of modernity. The traditional business tactics and operational standards of the 20th century are rapidly being overshadowed by new technology and new methods of communications. In order to keep your business on top of its game, and keep up with the times, here […].

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Increase your emotional intelligence while working remotely: 8 tips

Insperity

Tapping into your emotional intelligence while working remotely is vitally important. But it can also be challenging, especially if your team is new to working from home or entered the virtual work world suddenly. Part of the challenge is that the bulk of our social interactions and cues are absent from the remote workday – the simple exchanges that help us connect on a social-emotional level, such as: Bumping into someone in the break room Offering coworkers a piece of gum after a lunch meeting

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7 Key Hiring Trends For 2021

HR Digest

The pandemic year was challenging for recruiters. As virtual recruiting and onboarding a remote workforce became the norm, the recruitment landscape had to adapt to the rapidly changing scenario. Talent shortage is a reality in these times, with the US facing a 69% shortfall, the highest in a decade. Korn Ferry predicts that by 2030, there will be a global human talent shortage of more than 85 million people, or roughly equivalent to Germany’s population.

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Can You Pay That?! Federal and State Tipped Minimum Wage Rates

Patriot Software

Want to avoid breaking labor laws? Then you need to pay employees according to federal, state, or local minimum wage law. But if you have tipped employees, you might be able to pay a lower, tipped minimum wage. Read on to learn what is a tipped minimum wage, along with the current federal tipped wage […] READ MORE.

Payroll 134
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6 Steps to a Better Compensation Strategy

Compensation is one of your biggest expenses as a business, but it is also your biggest investment in your people and your culture. A great compensation strategy can be an incredible asset that supports your business goals and lays a foundation of trust between your company and your employees. Whether you already have a compensation strategy in place or you’re building one from scratch, this guide will help you level up your approach through these 6 steps: 1.

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5 Countries with the Best Employment Laws

Global People Strategist

Around the world, workers are given different rights. These range from the right to organize protests and participate in trade unions, to working in safe conditions and overtime pay. This article explores 5 countries that have the best employment laws from the perspective of the employee with top global rankings in terms of rights of workers, based on their labor traditions and violation of labor rights. 1.

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NY Firefighter Successfully Proved PTSD Claim Based Upon Multiple Gruesome Incidents

The Workcomp Writer

Noting that a medical opinion need not be expressed with absolute medical certainty as long as it signified a probability of the underlying cause that was supported by a rational basis and was not based upon a general expression of possibility, a New York appellate court reversed a decision by the state’s Workers’ Compensation Board that had denied benefits related to a PTSD claim filed by a firefighter who testified to having been subjected to multiple “horrific” work-related emergency situatio

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Why Employee Recognition is Important and Key Benefits

Achievers

Employees are struggling with burnout, disconnection, and low morale more than ever before. But there’s a clear solution: recognition. Recognition is the number one ask from employees in this new normal. The vast majority — 82% — wish that they received more recognition. And meeting this desire can have a huge effect on key contributors to your bottom line, like employee engagement and retention.

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4 Best Practices for Communication Among Remote Teams

Best Money Moves

4 best practices for communication among remote teams. These four remote-work strategies can help keep your workforce connected, regardless of their location. . They say the most important part of any relationship is communication. For workforces in the new world of remote work, that’s easier said than done. While technological advancements including Zoom, Slack and GoogleSuite can go a long way in helping teams stay connected, distance can easily cause miscommunication.

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Recruit and Retain New Blue-Collar Talent

Blue-collar jobs have a branding problem. One company, GEON, partnered with Paycor to find the solution. Learn how to attract, engage, and retain blue-collar employees, helping them build meaningful careers – and support your company’s goals.

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10 Ways to Recruit More Effectively Against the Competition

HR Bartender

Estimated reading time: 4 minutes. A recent article from CNBC indicated that there are 1 million more job openings than people looking for work. We all know there are various reasons that people are searching (or not searching) for new opportunities. The bottom line is that organizations need to focus on their recruiting strategy in a highly competitive labor market. l’ve always had to recruit in highly competitive business environments.

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Diversity and Inclusion Trends to Look Out for in 2021

Vantage Circle

In recent years, employers and business leaders around the world have been trying to predict the diversity and inclusion trends that will impact their work cultures the most. The first wave of the COVID-19 pandemic, a global lockdown, major events, protests, and conversations surrounding racism, systemic inequalities, and injustices, a new normal of remote working, an economic recession: there was a lot that the world had to grapple with.

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Workplace stress leads 49% of legal workers to job hunt

Employee Benefits

Half of legal professionals have looked for new jobs as a result of workplace stress, according to research. Legal technology firm Exizent conducted a survey of 52 people working in the law industry, with 49% saying they had actively searched for different employment because of challenges and stresses at work. More than half of those polled (56%) said stress at work during the pandemic has caused them to make mistakes.

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Living Paycheck to Paycheck? 7 Tips for Avoiding Extra Fees

Take It Personel-ly

Source Living paycheck to paycheck is exhausting. As soon as your paycheck comes in, you have to spend it all on necessities like rent, utilities, insurance, and paying off debt. There’s usually little, if anything, left for savings or recreational activities. Then, something even worse happens: you’re hit with a fee. You might have missed […].

Utilities 145
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Bridging the Gap: The Intersection of DEI Initiatives and Employee Benefits

Speaker: Jaye Johnson, CBP

Unlock the secrets to transforming your organization’s employee benefits into a strategic tool for Diversity, Equity, and Inclusion (DEI). During this informative session, we will discuss common pitfalls in traditional benefits and then delve into the essence of DEI in employee-centric benefit offerings. This involves not only defining DEI in the workplace but also understanding the pivotal role that employee benefits play in fostering a diverse and inclusive environment.

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How to help employees navigate change fatigue

Insperity

Organizational change is ever present. Yet sometimes change happens rapidly — without regard for our mental well-being. And that can be overwhelming and exhausting, especially for your employees. Because change fatigue has the potential to impact your staff and their performance, it’s important to learn the appropriate steps to help employees address it.

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Reskilling the Future of Work

HR Digest

We are at a major inflection point that will largely determine the future of work. By 2030, according to a recent McKinsey Global Institute report, Jobs lost, jobs gained: Workforce transitions in a time of automation, 375 million workers – or roughly 14 percent of the global workforce – may need to switch occupational categories and learn new skills as digitization, automation, and advances in artificial intelligence (AI) disrupt the world of work.

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How to approach pay differences for employees doing remote work

Business Management Daily

Increased opportunities for remote work are likely to stay, opening up hiring opportunities across the country. However, questions of pay differences also come into play. Do you pay a remote sales rep in Boston the same as someone based in Boise? If an employee wishes to move now that remote work is available, do you change their pay to match the location?

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7 Countries with the Best Paternity Leave

Global People Strategist

Parental leave across the globe ranges from a total of three years to nothing at all. Paternity leave is an important topic to address as there are still several countries that do not offer fathers the same benefits as mothers. Many countries make the leave flexible by offering it as parental leave and open to utilization by either parent. Depending on your geographical location, company, and employment laws, paternity leave can vary.

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5 Trends to Help Your Organization Boost Job Satisfaction and Productivity

Treating your workforce as the organization’s top priority improves customer satisfaction and revenue growth and can boost job satisfaction and productivity. Read about five trends that are helping organizations around the country improve their people’s career well-being.

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A Detailed Overview of Federal, State, and Local Minimum Wage Law

Patriot Software

True or false: As an employer, you can pay employees any amount you want. False. It’s 100% false. Why? Because of minimum wage law. But, what’s minimum wage? Depending on your business location, you might have differing federal, state, and local minimum wage rates. To ensure your business is compliant with labor laws, get to […] READ MORE.

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7 employee behaviors it pays to recognize

Achievers

Recognition is essential to retaining and engaging employees, but few organizations provide enough of it. A startling 82% of employees wish they received more recognition for their efforts. Before your company can implement an impactful recognition program, it must define what behaviors it wants to recognize. Ninety-two percent of employees agree that when they’re recognized for a specific action, they’re more likely to repeat the action again.

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How to Increase Remote Employee Engagement in 2021

Best Money Moves

How to increase remote employee engagement in 2021. As COVID-19 keeps workers at home, remote employee engagement strategy comes into focus for employers. With the COVID-19 Pandemic still sweeping through the United States, many people have been working from home for almost a year with no end in sight. Over two thirds of Americans who can work from home are continuing to do so, according to a 2021 survey conducted by Pew Research Trends.

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California Comp Act Does Not Bar COVID-19 Wrongful Death Claim

The Workcomp Writer

In an important decision that is certain to garner attention well beyond California’s borders, a California appellate court denied a petition for writ of mandate filed by an employer who had been sued by the surviving spouse and daughters of a man who died after contracting COVID-19 from the spouse, who allegedly contracted the disease at work and then transmitted the disease to her husband while she convalesced at home [ See’s Candies v.

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Fertility Benefits for Every Age: A HR Roadmap from Gen Z to Baby Boomers

Speaker: Lauri Armstrong, SHRM-SCP - Sr. Director, People Operations at Carrot Fertility

Today’s workforce includes multiple generations of employees all looking for something different from their benefits package. While meeting these disparate needs can be challenging, a comprehensive fertility benefit can support everyone from junior staffers learning about their fertility health to senior leadership managing menopause and low testosterone symptoms.