Business Myth Busters: Should you re-screen current employees?
One and done! For many companies, the initial onboarding background check conducted during the hiring process is the only screening their employees receive. A comprehensive background check is a wise investment before hiring new employees, but should you re-screen your employees later in their careers, too? Discover the truth behind re-screening services. Myth: The initial…Read More
Workplace crime costs businesses $50 billion a year
A 2017 study by Hiscox, a global specialist insurer, found that U.S. businesses affected by employee theft lost an average of $1.13 million in 2016. According to Statistic Brain, it’s a crime that costs U.S. businesses $50 billion each year. Small and midsize businesses were hit disproportionately, representing 68% of the cases. Shockingly, 22% of cases were related…Read More
Study: 1/3 of employees feel the greatest sense of belonging at work
Good news for employers: a third of workers feel the greatest sense of belonging in the workplace, according to EY’s Belonging Barometer study. The workplace came second in this regard, with 62% of survey respondents feeling a greater sense of belonging in their home. While today’s social climate has been associated with controversy and disagreements, this study…Read More
Is the 4-day work week coming?
A New Zealand firm that ran a pilot in which its employees worked four days a week, while being paid for five, says the experiment was so successful that it hoped to make the change permanent. The firm that ran the experiment, Perpetual Guardian, asked two researchers to study the effects on staff. Those independent…Read More
Employers explore repaying student loans
A new survey from American Student Assistance, a private nonprofit dedicated to eliminating finance as a barrier to education and the dreams education enables, has revealed the burden of student debt on young employees. The survey of 500 employees ages 22 to 33 highlights how student loan debt negatively impacts their focus, well-being and retirement planning and…Read More
Retention is key priority for employers when providing employee benefits
MetLife’s 15th Annual U.S. Employee Benefit Trends Study, most employers (83%) chose retaining employees as their top objective when providing benefits. And the importance of benefits works both ways. 66% of Millennials said benefits customization was important for increasing their loyalty to their employers, compared to 67% of Baby Boomers. “Employees have very distinct wants and needs…Read More
Employers are facing the worst talent shortage in a decade
Amazon to pilot 30-hour work week
40% of millennials would ideally like to work part-time for one employer. The main reason for this is so that they have time to pursue other interests and projects. “Research has shown that young adults aren’t necessarily interested in the traditional workplace environment and that their work-life balance is crucial to them,” said Jacqueline Breslin,…Read More
Employers: Exit feedback matters more than you think
Quantum Workplace sent a survey to 1,848 employees across the country to gain their perspectives. One of the most overwhelming learnings? Exit feedback matters. In addition, 73 percent of respondents believe it’s important for employees to be able to offer input as to why former coworkers left. According to Quantum Workplace, “These four numbers offer evidence…Read More
Want to increase employee productivity? Be a more positive manager.
Citing a study from the University of Michigan, Seppala claims that the best way to improve employee performance has nothing to do with perks and benefits, as one might imagine, but it’s actually “positive and virtuous practices” that help employees excel in a number of domains. So what ARE positive and virtuous practices? They might include: Caring…Read More