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STUDY: WORK FLEXIBILITY BUILDS LOYAL EMPLOYEES

A new McKinsey & Co. report says companies that want to keep their employees need to be more flexible.  The company's recent study of more than 35,000 workers with spouses or live-in partners in various professional sectors found that 89 percent of women and 70 percent of men are part of a dual-career couple (DCC) — meaning both partners have jobs. The couples come from all racial and ethnic groups and span all income levels. "Companies can do more to base promotions and top-executive-hiring decisions on output rather than input to ensure equity for employees in DCCs," the report states. "Too many companies mistake quantity (as in the number of hours an employee spends on the job) for quality (reflected in the employee’s output)." The report explains that companies can help employees in DCCs succeed and feel fulfilled at home and work by ensuring these employees have access to professional development and career advancement, support for maintaining work–life balance, and sponsorship opportunities. Specifically, companies can take the following actions: Provide supportive managers and ensure equitable growth opportunities, especially for lower-level workers.  Encourage ambition by making top positions seem feasible.  Create a culture that encourages work–life balance.  Ensure consistent access to sustainable sponsorship.  Click for report

Confronting the Labor Shortage: Strategies and Solutions for Distributors Facing a Growing Skills Gap

PEI recently commissioned a new report, “Confronting the Labor Shortage: Strategies and Solutions for Distributors Facing a Growing Skills Gap,” in partnership with the Association Education Alliance.  PEI members may download the free PDF to learn from peers across distribution sectors their winning strategies on finding and recruiting top talent. In the report: What’s causing the labor shortage. How training and apprenticeships can bridge the skills gap. Hurdles to hiring, such as drug testing. Rethinking your message to prospects. How to build a successful internship program. Tips for using social media in recruiting. Courting millennials: the technology factor. The veteran talent pool. Click for report

Job Market Forces Employers to Overpay for New Hires

The latest edition of the Gartner “Global Talent Monitor” report states that employers concerned about the competitive job market often offer higher starting salaries than prospective employees are seeking. This often creates a negative cycle within the organization.  “Not only are U.S. employers often paying too much to new workers, but once tenured employees discover discrepancies between their salaries and those of new colleagues, they may be more inclined to look for another position elsewhere,” said Brian Kropp, HR group vice president at Gartner, in a statement. Click for article

Top Companies 2019: Where Workers Want to Work 

Each year, editors and data scientists at LinkedIn evaluate billions of actions taken by LinkedIn users around the world to find which companies attract the most attention from jobseekers and then hang onto that talent. The data-driven approach looks at what members are doing — not just saying — in their search for fulfilling careers. The result of that data is “Top Companies,” LinkedIn’s fourth annual ranking of the most sought-after companies today. The researchers analyze U.S. members’ actions across four main pillars: interest in the company, engagement with the company’s employees, job demand and employee retention. You can also check out the top companies in Australia, Canada, China, France, Germany, India, Japan, Mexico, Brazil and the U.K. Click for article
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