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SHRM Research: HR Is Stretched Thin, Two Major Financial Firms Buck Bonus Trend, Encouraging Fathers to Take Paid Leave, more

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SHRM's HR Daily
Feb. 8, 2024
 
 
 
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SHRM Research: HR Strains to Meet Needs of Companies Stressed by Inflation 
Inflation and talent shortages continue to be top concerns for organizations in 2024, and HR is stretched thin trying to recruit and retain top talent while reducing costs and increasing efficiencies, according to new research from SHRM.

Download the full 2023-2024 SHRM State of the Workplace Report.
 
 
 
Wells Fargo, Bank of America Buck Bonus Trend
While some research finds that employee bonuses are on the decline, two major financial firms announced they are giving payouts to employees.
 
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MORE FROM SHRM ONLINE
 
 
 
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Why Employers Should Encourage Fathers to Take Paid Leave
​Paid paternity leave is offered by 32 percent of employers, according to SHRM research, and more dads are willing to take that leave, with encouragement from their employers. Time to bond with children can lead to better school outcomes and less family stress, allowing dads better work/life balance.
 
 
 
Andrea Gill on IE&D, AI and the Value of Being a 'Long-Term Focused' Employer
In this episode of the People + Strategy podcast, Andrea Gill joins host Tony Lee to discuss her career; the maturing of inclusion, equity and diversity (IE&D) initiatives; the case for a measured approach to AI; and remote work.
 
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Supreme Court to Rule on Requirement for Exhausting State Administrative Remedies
The U.S. Supreme Court recently agreed to hear a case to determine whether plaintiffs must pursue all available state remedies before filing a federal lawsuit under Section 1983, the federal law that prevents entities from denying U.S. citizens their constitutional rights.
 
 
 
Canadian Employers Take a Proactive Approach to Workplace Safety
Managers and supervisors in Canada have shifted to a proactive approach to protect workers from injuries and illness on the job.
 
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New Research: 2024 Hiring & Job Search Outlook
What do 71.7% of job seekers want most from their next employer? (Hint: It's not a high salary). Get the answer to this question and more insights from 1,300+ candidates to supercharge talent recruitment and retention in 2024 and beyond. 
Download Report
 
 
 
 
SHRM WEBCASTS COMING SOON
 
 
SHRM's Better Workplaces Virtual Retreat
Feb. 28, noon-5 p.m. ET / 9 a.m.-2 p.m. PT
Sponsor: BetterHelp
In this engaging keynote conversation, join SHRM President and Chief Executive Officer Johnny C. Taylor, Jr., SHRM-SCP, alongside Alexander Alonso, Ph.D., SHRM's Chief Data & Insights Officer, and Haesue Jo, Head of Clinical Operations at BetterHelp, as they delve into crucial emerging topics and developments such as AI advancements affecting employment, effective mental health strategies for the workplace, innovative talent acquisition methods and revisiting policies on remote work. This important dialogue promises to provide practical insights, models and a refreshed outlook on HR's capacity to foster significant transformation in today's work landscape.
 
 
 
Tackling the Communications Challenge: Creating Engaging Employee Comms
Feb. 9, noon ET / 9 a.m. PT
Sponsor: Nava
Effective communication about employee benefits is crucial in today's dynamic workplace. During this session, participants will gain insights into using storytelling techniques for maximum engagement, leveraging diverse channels for communication across various employee types, obtaining actionable feedback and measuring impact to adjust strategies. Attendees will leave with practical insights and actionable strategies to elevate their employee communication practices, armed with a tactical guide to implement these changes effectively.
 
 
 
2024 HR Outlook: What Lies Ahead According to Industry Leaders
Feb. 26, 2 p.m. ET / 11 a.m. PT
Sponsor: Dayforce
Today's workforce has a limitless, dynamic nature that presents challenges and opportunities in talent management, employee experience, leadership development, retention and adherence to evolving labor laws. In this panel session, global HR leaders from Dayforce, The Kraft Heinz Company, Gannett and the Detroit Lions will share insights on business learnings, growth areas of 2023 and the importance of innovation within HR departments. They will explore anticipated HR trends for 2024, focusing on how leadership perspectives and technology can enhance team effectiveness, efficiency and compliance. This dialogue aims to address how organizations can navigate constant change while fostering inclusion, equity and innovation.
 
 
 
Building High-Performing Sales Teams for Dummies, PXT Select™ Special Edition
Feb. 27, noon ET / 9 a.m. PT
Sponsor: Wiley
Facing labor shortages in skilled jobs, talent acquisition and HR are crucial in hiring and retaining top talent, especially in sales—a sector pivotal to a company's success. Sales, being the forefront of business, is essential for converting prospects and retaining customers, necessitating a high-performing team backed by data-informed strategies. This webcast offers a blueprint for assembling an exemplary sales team, providing data-driven insights on avoiding hiring pitfalls, predicting sales performance, coaching for success and leveraging essential sales competencies.
 
 
View the complete schedule of SHRM webcasts.
 
 
HR JOB OF THE DAY
 
Need to hire highly qualified HR candidates or looking to move your own HR career forward? SHRM HR Jobs can help you reach your goals by connecting top employers with premier HR professionals. Now more user-friendly and with new features, including the ability to filter candidates by SHRM credentials. Visit SHRM HR Jobs to learn more.
 
 
EXPRESS REQUEST
 
 
NLRB Expands Definition of Joint-Employer
The National Labor Relations Board (NLRB) released a final rule Oct. 26 to provide a broadened standard for when two employers that conduct business together are considered to be joint employers and thus liable for one another's unfair labor practices. It will take effect on Feb. 26. Visit SHRM's NLRB Expands Definition of Joint-Employer Express Request.
 
 
USEFUL LINKS
 
 
 
FEATURED WHITE PAPERS
 
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Fertility is not only a global health care concern, but also an important workplace issue. Read the full report for more insights on how fertility can impact people at work and learn why fertility benefits are critical to recruitment, retention and inclusivity in the workplace.
 
 
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Rippling or BambooHR: Which is a better fit for your business? Each has its pros and cons while offering similar features and benefits. That's why these two human resource software options are so often compared to each other. Download this report to get the results of our study.
 
 
 
Access more content and insights from SHRM's White Paper Library.
 
 

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