SilverBlog

Wisdom from our industry experts and our SilverLink magazine.

 
 

Blog Tag: HR Consulting

Amid the current Coronavirus pandemic, the U.S. (and much of the world) has been asked to practice social distancing. Many employers are doing their part by encouraging or mandating remote work. While some employees have experience working from home and will transition easily, many will need guidance.

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The Coronavirus Disease 2019 (COVID-19) has quickly become a global emergency. Within the U.S., the Centers for Disease Control and Prevention (CDC) has reported over 3,400 cases. That number is growing each day, prompting a mass response to contain the spread. Experts are urging people to avoid unnecessary outings and work from home when possible. As a result, organizations across the country are implementing remote work policies. For some managers, however, this is their first experience with virtual team management. Many might feel unprepared for this sudden format change.

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Attracting and retaining good employees in today’s tight labor market can be a challenge. While competitive pay and good benefits are important, job seekers want the total package. They are looking for the ideal work environment – which includes work-life effectiveness. Total rewards strategies have traditionally focused on compensation and benefits, but it’s time for a change. Employees have expressed a desire for a healthy balance between their professional and personal lives, and that’s only possible through you – their employer.

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Today’s competitive job market has been amplified by the nearly 10,000 Baby Boomers retiring daily.¹ Couple that with a record low 3.9% national unemployment rate and it’s not surprising
that applicant pools are looking rather thin. As the demand for qualified candidates increases, developing a strategic recruitment process is imperative.

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Employees often feel pressure to minimize corporate travel costs. In an effort to save company dollars, many are turning to sharing economy services (such as Uber, Lyft and Airbnb). These collaborative consumption models allow peers to share their resources and time. They offer convenience and an average savings of 30% to 40% when compared to traditional hotel and cab services. Many people are using these options for personal travel, so it makes sense that they’d want to use them for business or corporate travel.

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Now is the time to rethink your approach if your organization has not transitioned from a traditional compensation and benefits plan to a total rewards strategy. Historically low unemployment rates continue to create a competitive labor market, and the talent pool is rapidly changing as baby boomers retire and millennials join the workforce. In response to this staffing environment, employers are beginning to modify their total rewards strategies and offer things like chef-prepared meals, yoga classes, massages, student loan repayment programs, unlimited paid time off (PTO) and sabbaticals.

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What makes your company stand out from its competitors? Twenty years ago you might have said that technology gave your team a competitive edge, but in today’s environment, technology is a common (and typically necessary) commodity that simply helps maintain the status quo. So where are companies regaining that lost advantage? The answer can be found in an organization’s human capital.

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Warning Sirens Echo as Harassment in the Workplace Rises
Harassment, like a natural disaster, can wreak havoc on any community or business. This year we had several devastating hurricanes make landfall and more workplace harassment scandals than we can count. Media coverage on harassment has recently exploded; however, harassment in the workplace is not a new issue. Organizations have been working toward harassment-free workplaces for years by taking action against individuals who violate company guidelines.

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Is Your HR Function Changing with It?
For years we’ve known that millennials would eventually make up the majority of the workforce. In April 2016, millennials surpassed baby boomers as the largest living generation. The Pew Research Center defines millennials as individuals born between 1981 and 1997 (or those who are presently between 20 and 36 years of age).¹ As the makeup of the workforce shifts, so do employee needs.

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When onboarding new employees, we often rush through the paperwork so employees can get started with training and on to performing their jobs. They are often handed stacks of paper that include requests for basic demographic information, W-4s and benefit enrollment forms. However, one of the most important forms that new employees need to complete is Form I-9. This form is used for verifying the identity and employment authorization of individuals hired in the United States. A revised version of Form I-9 has been released. Here Is What You Need to Know!

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