April 28, 2023
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Data download: Pay & hiring
In March 2023, pay among newly hired workers was 7.5% lower than pay for those hired at this time last year. What does that mean? It’s one sign the job market is continuing to cool down. See the rest of our recent pay and hiring insights here.
DEIB dos and don’ts
Diversity, equity, inclusion, and belonging (DEIB) programs are becoming more popular at large corporations and small businesses alike—and for good reason. DEIB initiatives help ensure pay equity, reduce workplace discrimination, and increase employee safety and happiness on the job.
Implementing effective DEIB programs takes thoughtful effort, experimentation, and leadership buy-in. It’s not a quick solution to reputation problems or employee complaints—it’s a long-term investment in your employee well-being and workplace culture.
In our latest Talk Shop article, Maurice Tuiasosopo Bell, the Senior Director of DEIB and People Analytics at Lattice, shares a handful of best practices for developing a DEIB strategy at your business. See Bell’s tips and advice here.
How to manage risk in your business
In the wake of the Silicon Valley Bank collapse, a new buzzword for Q2 has emerged: risk management. If you work with third parties, it’s crucial to understand the various risks your business faces—from operational to financial risk—and learn how to mitigate them.
Learn about the basics of risk management here, then check out this article to discover three practical strategies for minimizing third-party risk.
May compliance deadlines for taxes, payroll, and HR
Though tax season is over, you’re not off the hook for May compliance tasks. Learn which deadlines you need to keep track of this month, including your FUTA quarterly tax payment and your annual funding notice for benefit pension plans. See the full breakdown of May compliance dates.
15 tools to improve productivity and workplace happiness
Employee engagement is an essential but often overlooked ingredient in positive workplace cultures. When employees feel more connected to their work, they’re more likely to invest in their jobs and build relationships with their customers and colleagues. That can ultimately lead to greater job satisfaction, higher worker productivity, and improved employee retention rates.
As an employer, you can help increase employee engagement in your workplace—you just need the right tools and strategies. Check out this article to see which employee engagement tools are worth the hype and how you can use them to your advantage.
Read with Gusto
Greetings, Talk Shop subscribers. Long time, no see. It’s nice to welcome Mohini back after she took some well deserved time off. This week’s reading is all over the place, so find something that suits your fancy. And if you don’t like any of this, then may I recommend this interview with Stephen A. Smith who might be the greatest performance artist of our time. Feedback? Email me.
- What is the best age to retire?
- Nepo babies are bad for business.
- Taylor Swift is much smarter than the smart money.
- How a bike works.
- A tax-free New York City bagel.
Fresh from Gusto (and friends)
15Five’s 2023 Manager Effectiveness Report
Our partners at 15Five surveyed 1,000 managers and 1,000 employees across the U.S. on productivity tracking, manager effectiveness and training, and career growth and development. The findings revealed a severe disconnect between managers and employees. Learn more by downloading the report here.
- Best Practices for Cultivating Your Startup Board
- Values-Driven Leadership: Aligning Business and Employee Interests to Move Both Forward
- 9 Crucial Questions about Company Culture to Add to Your Employee Surveys
- How to Measure Employee Engagement in Four Easy Steps
- Should I Use TikTok for My Business? The Pros, Cons, and 3 Questions to Consider
Watchlist
MAY 10: 4 Steps to Recession-Proof Your Benefits Offering
In an uncertain economy, it’s crucial for businesses to focus on retaining talented employees. One way to do that? Recession-proof your benefits offerings. This webinar discusses five key steps HR leaders and employers can take to protect and improve their benefits programs—while also keeping costs down. To learn more, register here.
MAY 17: The Entrepreneur’s Guide to Productivity: How to Set and Achieve Meaningful Goals
As a business owner, you’re used to setting goals, but how often do those goals come to fruition? And how do you know you’re focusing on the right objectives? In this webinar led by Oracle Netsuite and Entrepreneur, you’ll learn how to set high-level goals that drive impressive results—and get the rest of your team on the same page. Register here to discover actionable strategies and see real-life examples of what works and what doesn’t.
Want more news and resources? Check out past editions in our archive.
