“Employers that are considering offering abortion-related benefits, such as out-of-state travel to a jurisdiction where abortion laws are more accommodating, should keep in mind compliance and liability considerations, benefits advisors point out,” reported the Society for Human Resource Management (SHRM) after Roe was overturned. “Employers that operate in multiple states will also need to navigate a patchwork of different rules affecting abortion coverage, depending on where covered employees and dependents live, work and receive health care.”
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Move over “Great Resignation” … meet “Quiet Quitting” the latest labor force zeitgeist that is trending on TikTok and across virtual water coolers this summer.
“In the wake of the Great Resignation, we now have quiet quitting,” reported Houston’s KHOU (channel 11).
While the much publicized Great Resignation continues with 4 million-plus U.S. workers voluntarily leaving their jobs each month for the past 13 consecutive months, quiet quitting is not actually quitting one’s job but the antithesis of the “hustle culture.”
There were mixed signals with the release of the June JOLTS report from the U.S. Bureau of Labor Statistics (BLS) as job openings fell by over 600,000 to 10.7 million, but for the 13th consecutive month more than 4 million workers voluntarily left their jobs.
“The drop in job openings marks the third month in a row of declines, indicating that labor shortages are beginning to ease, although levels remain nearly twice as high as the pre-pandemic norm,” wrote Roy Maurer for the Society for Human Resource Management (SHRM).
The Job Openings and Labor Turnover Summary (JOLTS) for June 2022 released on August 2, 2022, showed that, while down slightly, “the number of quits was little changed at 4.2 million.”
Employer Flexible has been named one the Best Places to Work 2022 by the San Antonio Business Journal.
“We are excited to be recognized as one of the best places to work in San Antonio. As a PEO, we understand how important employee engagement and first-rate benefits are to the recruitment and retention of talent that allows smaller businesses to grow and thrive,” said Employer Flexible San Antonio Market Manager John Seybold. “This award demonstrates that at Employer Flexible we practice what we preach to our clients.”
Small business owners can be forgiven if they hear the echoes of carnival barkers during these inflationary times:
“Around and around, it goes, where it stops, nobody knows!”
Unlike a “Wheel of Fortune”, however, the current economic climate is more like a “Wheel of Mis-Fortune” for small businesses as rising costs across the board have them in a vice grip with higher prices for goods, raw materials, rent and transportation on one side and escalating salary and benefit demands by employees on the other.
The Great Resignation, far from abating, hit historic levels in March as a record 4.5 Americans quit their job while employers posted a record 11.5 million job openings.
“A gap between the number of job openings and of people unemployed but seeking work has persisted since last spring. In February, there were 1.79 job openings for every unemployed person, according to Labor Department data,” reported the Wall Street Journal.
For almost a year now Americans have channeled their inner Johnny Paycheck, telling employers to “Take This Job and Shove It” as more than 4 million workers a month since June 2021 have voluntarily left their jobs.
“The pandemic-era trend known as the “Great Resignation” remains a prominent feature of the labor market, as favorable conditions lead workers to quit their jobs at near-record levels in search of better (and ample) opportunities,” reported CNBC.
Businesses might want to toss the “if it ain’t broke, don’t fix it” mentality into the dustbin when it comes to your employees and how they feel about their jobs.
Why? Because waiting until an employee departs – which is happening in record numbers during the current “Great Resignation” – leaves companies conducting exit interviews, which can lead to valuable insight but are delivered too late to retain the talent.
Instead, employers can conduct “stay interviews” with current employees, which can improve employee retention and stave off unwanted exit interviews.