This September, the US witnessed the highest unemployment rates for fresh graduates aged between 20 and 24. COVID-19 has derailed the career plans of many. The longer the young people are forced to delay their careers, the worse their prospects will be. A delay in starting careers also means a delay in accumulating wealth, getting married, or starting a family.
A recent report from Gartner says that compared to last year, the average employee's capacity to absorb change without becoming fatigued "has been cut in half" this year. Fewer employees are trusting their employers. Coaching, organizational trust, and team cohesion can help employees become more resilient.
A survey published by Consumer Technology Association says tech leaders are having a hard time finding the right talent. 80% need more employees with tech skills and 75% aren’t able to find candidates with the right skills and abilities. Employers are introducing new programs like train-to-hire apprenticeships and bootcamps to expand their candidate pool.
The latest numbers from the Labor Department indicate a significant decline in unemployment insurance. More than 1 million people have reportedly stopped collecting claims. One estimate says that about half the decline is due to other reasons. It has cited the shift to other programs for longer-term unemployment and dropping out of the labor force as potential reasons.
Dillard’s has agreed to pay $900,000 to settle a race discrimination lawsuit by the U.S. Equal Employment Commission (EEOC). The lawsuit alleged that Dillard’s failed "to promote African American employees based on race". The employer has also agreed to take several corrective actions including integration of new promotion policies, posts, and training.
Confusion over policies can land employers in legal trouble. A Walmart employee’s case has been revived citing contradictory directions over absence call-outs. The said employee was injured at the job and was communicating with an outside administrator. Later on she was fired for her absence. The employee has sued Walmart, alleging FMLA interference.
In a Wednesday email, the Exxon Mobil chief executive informed employees of upcoming job cuts. In his email to its 75,000-person workforce, CEO Darren Woods said the job cuts are part of a damage control plan unveiled this spring to redesign how Exxon works and to increase competitiveness. The company reportedly has been making losses for the past many months.
75 percent of senior management openings vacated by men are filled by men. However, when a woman leaves a senior management role, the opportunity is evenly split between male and female successors. Women are more frequently replacing men in lower- and middle-management positions. The findings have been published by Visier.
In a recent survey by Willis Towers Watson, more than one-third of U.S. employers said they have trimmed the projected salary increases for 2021. While many employers are expecting a return to normalcy in 2021, many others are rethinking their plans. Willis Towers Watson is an advisory firm.
Demand for mental health treatment upped during the COVID-19 pandemic. But there’s a widespread shortage of mental health professionals. Lyra and Calm, both start-ups, have teamed up to provide meditation, mindfulness, and sleep support through their app. Employers like Pinterest say mental health services are a popular benefit.
Inclusion of women in boards has increased significantly in the past few years, reports California Partners Project, a nonprofit. Less than 3 percent of public company boards have all male directors, compared to nearly 30 percent in 2018. A recent law requires individuals from "underrepresented communities" to have at least one seat on certain corporate boards by the end of 2021.
Instacart announced the addition of Christina Hall as the company's first chief human resources officer. The decision came in light of the growing demand for the company’s services. In March, the company launched 1,500 new locations and announced its plans to hire 300,000 new full-service shoppers. The extension was topped with additional 250,000 shoppers in April.
Target joins the growing list of big-box retailers and grocers rewarding their employee efforts during the COVID period. In its latest announcement, the retailer committed to pay USD 200 holiday season bonuses to more than 350,000 employees who work at stores, distribution centers, and contact centers. Earlier this year, the retailer had upped its minimum wage to USD 15.
A former transgender employee has sued Sweetgreen alleging sexual harassment by a manager and a co-worker. The employee also accused the management of ignoring his complaints regarding the treatment. HR can train managers to refrain from harassment and to curtail harassment from others.
In a recent development the US Equal Employment Opportunity Commission (EEOC) in had both finalized internal changes for its conciliation process and also requested stakeholder feedback on additional proposed changes. Conciliation is a part of the process EEOC uses to resolve claims under the nondiscrimination laws it enforces. The final rule that was released on 15th Oct, 2020, had EEOC’s statement stating that amending its procedural regulations to explicitly provide for digital transmissions of documents.
In a recent development, Amazon Care – a virtual health care service – that was available to only employees of Amazon and dependents in the state of Washington, will be expanding its services to other corporate offices as well. The company is recruiting more than half a dozen business development managers to create and grow relationships with commercial and public sector enterprises.
The recent announcement made by Coinbase’s CEO Brian Armstrong on 27th Sept, 2020, enforced about five percent of the employees that is about 60 people to leave the cryptocurrency company. Following Armstrong’s announcement of moving toward apolitical culture and identification as a ‘mission-focused company, about 60 people left the company. According to the announcement, Armstrong had offered generous exit package to employee who was not interested in working under new guidelines.
In a recent announcement made by Chipotle Mexican Grill, it was announced that the company is expanding its debt-free degree program for employees to include a historically Black college (HBCU) for the first time. The announcement was made on 7th Oct, 2020. According to the announcement, Paul Quinn College, which is located in Dallas, Texas is one of the oldest HBCUs in the country. The company through the announcement stated that the education benefit has impacted growth and tenure.
In a recent development, a divided federal appeals court had revived DaVita Inc’s lawsuit against an employee-benefits health plan and its administrator. The court alleged that the organization had discriminated against dialysis centers and patients with end-stage renal disease (ESRD) in an effort to get the patients to switch to Medicare. The 6th US Circuit Court of Appeals, in a 2-1 decision, had overturned part of a ruling for the Marietta Memorial Hospital Employee Health Benefit Plan and its third-party administrator, Medical Benefits Mutual Life Insurance Co.
According to a survey conducted by talent assessment software company Criteria, it was found that as the talent market shifted in response to the COVID-19 pandemic, several areas of hiring – including finding high-quality candidates and making the process more efficient – were less challenging in 2020 as compared to last year. The report was published on 13th Oct, 2020.
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