Celebrating HR Teams and Their Impact

On May 20th, International Human Resources Day, we celebrate HR professionals, whose dedication fuels growth, fosters talent, and cultivates vibrant workplace cultures.?

Review the Roundup:

→ The Invaluable Impact of HR on Business

→?Boosting Employee Mental Health

→?April 2024 Labor Data

→ Decade-Low Employee Engagement Rate

?? Listen :

Browse through our newly updated list of podcast episodes and audio blogs for expert insights on all things recruitment and talent acquisition.?

CELEBRATING HUMAN RESOURCES?

The Invaluable Impact of HR on Business Success

As we celebrate Human Resources Day and beyond, it's important to recognize the value of HR teams and the importance of their contributions.

From a transactional function to a strategic partner, HR teams are a vital force behind thriving businesses. ?Here are some key areas where they make a major impact:

• Organizational Alignment: HR teams align people, processes, and practices to achieve a company's vision and goals.
• Strategic Workforce Planning: HR teams help to create a dynamic workforce that can adapt to the organization's changing needs and anticipate future challenges.
• Maximize Performance: HR teams focus on employee development initiatives and focusing on building strengths to reach career goals.?
• Nurturing Organizational Culture: HR teams cultivate a positive and inclusive workplace culture that boosts employee engagement and reduces turnover.

Join us in honoring their dedication, innovation, and unwavering commitment to excellence.

Celebrate International HR Day ?? ?

MENTAL HEALTH AWARENESS MONTH

How to Boost Employee Mental Health & Well-Being

May is Mental Health Awareness Month, a great opportunity for employers to review their efforts.

With over 75% of workers expressing a desire for their employers to demonstrate care for their mental well-being, it's evident that fostering a supportive environment is paramount. Moreover, studies reveal that managers wield substantial influence over employees' mental health, often surpassing that of doctors and therapists.

How can organizations support employee well-being:

• Seek Employee Feedback: Engage in open dialogue and actively listen to employee concerns to better understand their needs.
• Implement Mental Health Policies: Offer comprehensive support through accessible resources, counseling, and mental health days.
• Empower Leaders: Provide training to equip leaders with the tools and knowledge to recognize, address, and support employees' needs.

Read more here.

THE LATEST LABOR DATA?

April 2024

April brought a tempered pace to the U.S. job market. The economy added 175,000 jobs, marking the slowest gain in six months and falling short of market expectations.?

While this may indicate a softening market, the unemployment rate remained below 4% for the 27th consecutive month, suggesting ongoing tightness of the labor market.??

Economic Snapshot:

• Unemployment Rate: 3.9%?
• Employment Level: 161.4M?
• Number of Job Openings: 8.4M?
• Number of Hires: 5.5M?

More BLS Data???

Looking for Industry-Specific BLS Data?

Review the latest Healthcare, Manufacturing, Transportation, and Professional Services numbers.

View Industry Data

HR INSIGHTS

Employee Engagement Plummets to Decade Low?

According to a recent Gallup poll , employee engagement in the U.S. has dropped to its lowest level since 2013. This decline is underscored by several factors, including

• Decreased role clarity and impact?
• Lower satisfaction with organizational dynamics
• Lack of connection to company mission or purpose

Low engagement rates can pose significant implications for businesses striving to maintain productivity and morale. However, engagement has become an uphill battle for companies across industries.

SHRM's recent article discusses the issue and shares tactics to adapt to evolving workforce needs. Explore the entire article to discover strategies for navigating this downturn and revitalizing employee engagement in your organization.

Read More ??

Take Talent Acquisition to The Next Level

Sign up for a consultative meeting to discuss your talent acquisition goals and how we can help you achieve them. Contact us.