Cut once and cut deep': This CEO shares 7 best practices to managing layoffs effectively
Employee Benefit News
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LAYOFFS: Between record-breaking inflation rates, supply chain disruptions and the Fed hiking interest rates up, many are concerned that the U.S. economy is headed toward a recession — and that its arrival will bring along a wave of layoffs. While there may be no way to stop layoffs from happening, that doesn't mean companies have to add salt to the wound by engaging in poor termination practices, says Nolan Church, co-founder and CEO of Continuum , a talent marketplace for freelance, executive roles. He shared his top tips for conducting layoffs effectively — and with empathy.
"You need to decide how to orchestrate the event in such a way to where you are not being a robot," Nolan says. "This is just one of those things where time is the only thing that will heal it, but you should still be as human as possible."
RETIREMENT: Workers spend their lives planning, saving and dreaming of their life in retirement, yet for many, it's not all it's chalked up to be.?According to?a recent survey?by ConsumerAffairs , 46% of retirees do not feel they've accomplished their dream retirement. Just 14% feel they're living the life they planned for in retirement, while 40% feel they've somewhat reached their goal. Whether you've saved too little too late, or still have debts to pay, here are the biggest retirement regrets -- and how to avoid them.
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TEAM BUILDING: Adults typically stand on the sidelines when it comes to team sports, but at MasterControl , a Salt Lake City-based management software provider, every employee has a spot on the field.?The company prioritizes?health and wellness?by offering 25 different fitness clubs for employees to participate in, ranging from soccer or basketball to yoga, meditation and walking clubs. Employees get an hour off during the workweek to play, and MasterControl gives the teams money to host tournaments and buy team swag or equipment.??
"This is something that has really bonded our teams together. Even now in this hybrid environment, we still see a ton of participation," says Alicia Garcia, MasterControl's chief culture officer.
CAREER ADVICE: A rising class of corporate influencers, better known as corporate creators, are using TikTok to impart knowledge to their peers, based on their own experiences in the workplace.?Millions of these videos — which feature young creators role-playing funny or awkward office scenarios — are aggregated under the?#corporate?hashtag. The trend has recently gained a stronghold with Gen-Zers and millennials, who are using the videos as a guidebook for how to set boundaries at work or deal with interoffice conflicts. But it’s not just workers that are finding these videos — HR leaders and recruiters are too.