Issue 20: What's in? What's out?
We're on the in/out bandwagon.
Unless you're living in a bunker, you've undoubtedly seen the "what's in/ what's out" trend on social platforms. Honestly, we're not sure where it started - possibly TikTok, the maker of all trends? - but we're going to hop on. The in/out lists are replacing laundry lists of goals and resolutions, a modern approach to pros/cons. Here's the Parento in/out list for workplaces:
What's in?
What's out?
Hot Take: Gen Z may be the best managers
The tides are turning. Culture Amp is reporting that 81% of direct reports under Gen Z managers find them better at giving feedback, with 59% saying that Gen Z managers take action more than their older (read: ancient) counterparts who are 35 years old and up (ouch).
Not only are Gen Z a more motivated generation in the workforce , they also value and practive honest, transparent communication. This makes them skilled at giving constructive feedback and accepting criticism. Gen Z managers also pride themselves on availability: removing gate-keeping to senior leadership and inviting individual contributors into strategic planning, decision making, and company vision planning.
Older managers can take a page from the proverbial book and implement some of these changes: direct conversations (not just 1-2x/year when it's time for a performance review); collective problem-solving workshops; company vision retreats; and more.
Having kids is costing an arm and a leg
For 80% of people having children is one of life's dreams. But parenthood is now coming with a hefty price tag. Today's parenting generation, late Gen Z-ers and Millennials, are struggling to afford parenting alongside the costs of living in major cities. Not only are Millennials now priced out of cities , the "youthification" of cities into "urban playgrounds for the young and childless", means that cities are no longer compatible for families with young children.
For a generation struggling with student loan debt, multiple recessions, political unrest, a pandemic - we could go on and on, the costs of parenthood are just the cherry on top. Business Insider estimates that it costs $25,714 to raise one child in the U.S (in a major city). This number includes the astronomical cost of childcare, transportation, food, amenities, and medical coverage. This figure is an 18.6% increase from 2021 and a 41.5% increase from 2016!
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Employers are now stepping up to fill the gaps left by the costs of childrearing, especially by offering in-office childcare or stipends for daycare/child siting. Another offering is generous paid parental leave, especially for employees in states with no Paid Family Leave (PFL) program. As costs continue to climb, employees will turn to employers for tangible support.
Colorado's PFL program in live!
In another win, Colorado's Paid Family and Medical Leave Insurance (FAMLI) program is effective as of January 1, 2024 and now accepting applications. Passed in 2020, FAMLI provides up to 12 weeks of paid coverage to bond with a child whether birthing, adopting or fostering. Birthing parents may be eligible for an additional 4 weeks of coverage.
You can learn more about the program below:
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