Turbulence Among Hourly Workers

'Every new hire is a flight risk.'

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Job Hopping Heats Up   If the constant scramble to fill shifts and the growing threat of strikes aren't enough to cause employers headaches, here's another problem that could keep them up at night: Nearly half of all hourly workers in the U.S. are searching for another job, according to new research from SHRM. Stagnant wages are one factor forcing hourly workers to switch jobs. Many hourly employees also are in entry-level and more-junior positions, so they're less established and more likely to be thinking of leaving, says Kyle Holm of Sequoia Group, a San Mateo, Calif., consulting firm. He thinks workers don't really want to take on the stress of starting fresh somewhere else, but they feel like they must because their prospects at their current jobs aren't good. "Every new hire is a flight risk," says Cara Silletto of Magnet Culture, a leadership development company in Louisville, Ky. The turbulence among hourly workers is driven by multiple factors, including a lack of significant pay increases in recent years, a tight labor market that gives employees the option to jump ship and get paid more elsewhere, and the push by younger generations for better work/life balance. For hourly workers, SHRM's research demonstrates that the basics matter: good pay, pay equity, preferred schedules, transparency, respectful treatment and a sense that the company cares about its people.   Read More     ADVERTISEMENT       Retaining Hourly Workers   Nearly half of hourly workers in the U.S. are actively seeking new job opportunities. In this episode of All Things Work, host Tony Lee is joined by Kyle Holm, vice president of compensation advisory at Sequoia Consulting Group, to discuss what employers can do to motivate and retain hourly employees. Listen Now       Wages Rising for California Health Care Workers in 2024   A bill signed by California Gov. Gavin Newsom will raise the minimum wage for nearly all health care employees and provide them with a private right of action to enforce the minimum-wage requirements. Read More     Explore Further   SHRM provides business leaders with information and resources to help keep their organizations' hourly workers on board. Starbucks Boosting Wages in 2024 Starbucks is raising wages for most of its hourly employees by at least 3 percent and enhancing other benefits this year in a bid to stay competitive, the company announced. Instant Pay Benefits Booming in Popularity Among Gen Z Workers Instant pay benefits have become more popular in recent years, allowing employees to withdraw money directly from their paycheck ahead of their designated payday in exchange for a small fee. New York State's New Pay Transparency Law in Effect Under New York's new law on pay transparency, which took effect last year, employers in the state with at least four workers must include an hourly rate, salary or pay range for all advertised jobs and promotions. The Plight of Front-Line Workers Little pay, long hours and a lack of career prospects have hindered the professional advancement of millions of front-line workers. Bringing Compensation Up-to-Date Six steps for employers to improve their footing in a shifting compensation landscape.     Every Saturday, All Things Work from HR Magazine provides thoughtful insights into the rapidly transforming nature of work and the workplace, and how HR, decision-makers and organizations worldwide are navigating and leading this change.       Connect with us on social!              1800 Duke Street, Alexandria, Virginia 22314 USA Contact Us | shrm.org This email was sent to manojdole1.Architectural@blogger.com. This email may contain advertisements. Unsubscribe or Change Email Preferences | Terms of Use | Privacy Policy © 2024 SHRM. All rights reserved.