CoAdvantage- Employers are making major changes to their benefits programs and administration, according to a recent survery by MetLife. The pandemic has undoubtedly triggered or contributed to many of these changes, which are answering an increasing desire among employees for more support from their employers during times of duress. Here are the three biggest changes employers[…]
CoAdvantage- The new year brings not only new goals, but new challenges for HR. Following another year of the pandemic, businesses are reevaluating their approach on handling all-things HR. Here are the top 5 HR trends to lookout for in 2022. 1: Falling Unemployment Perhaps thanks to the so-called Great Resignation, labor issues have been[…]
CoAdvantage- Marchetti’s Constant, named for Italian physicist Cesare Marchetti, is a principle that says workers will average an hour of commute time daily (half an hour each way). According to this principle, if a worker takes a new job or the circumstances of an existing job change to extend the necessary commute, workers will generally[…]
CoAdvantage- Here’s a question too few companies ask: what is possible with HR? Most businesses think of human resources in limited ways. For them, HR has a clearly defined role within the organization, and that role focuses on the administrative and transactional tasks related to having employees – payroll, benefits, labor law compliance, etc. But[…]
CoAdvantage- How well can your workforce weather unexpected events and disruptions? That’s how resilient it is. Less resilient teams tend to suffer more harms as the result of disruptions. Research from industry advisory group Gartner found that the pandemic, for example, significantly increased burnout and reduced trust in colleagues and leaders. The more resilient your[…]
CoAdvantage- At most organizations HR reports directly to the chief executive officer (CEO), but that’s not universally true. At many companies, HR may instead report to the chief financial officer, chief operating officer, some other senior level director or manager, the general counsel, or someone else altogether. Where HR reports is an indicator of how the[…]
CoAdvantage- The holidays can be a fun time of year. It can also be incredibly stressful season; and in a year when employers are simultaneously facing a pandemic and may be short-staffed, it’s critical to be smart about how you manage your workforce during this period to stay in compliance with all relevant labor laws.[…]
CoAdvantage- Workplace disengagement incurs a heavy price for employers, resulting in lost profitability and productivity – as much as $550 billion in yearly lost productivity for the U.S. economy. Worse, disengagement is dismayingly common. According to Gallup, which has been tracking engagement levels in the U.S. workforce for decades, only 34% of U.S. workers are[…]
CoAdvantage- Is the United States potentially facing a “twindemic” of both a bad flu season and a COVID-19 surge as we head into the 2021-2022 season? We asked the same question last year, and a twindemic didn’t come even close to happening. According to the U.S. Centers for Disease Control (CDC), a typical flu season[…]
CoAdvantage- What is strategic HR? The idea of strategic HR is a relatively recent invention in the world of business. It dates back to 1984 with the publication of Strategic Human Resource Management by Charles Fombrun, Noel Tichy, and Mary Anne Devanna. A historical overview of the concept of strategic HR neatly summarized their definition[…]
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