Attracting talent challenge. Even with record unemployment, businesses are struggling to get applicants. The reasons? Dr. John Sullivan breaks down 14(!) of them and provides actions you can take right now to address each one. (DJS)
Shrinking workforce. New census data from across the globe shows job growth is outpacing population growth. As job supply beings to outnumber labor demand, employers will need to shift from acquiring talent to creating it. (Bersin)
Mandatory PTO. In theory, unlimited vacation time seems like the ultimate work/life balance benefit. In reality, employees often take less time off when there's no limit. This company decided to a 180°. They now require five weeks of vacation. (TLNT)
Wellbeing ROI. We've said before that investing in employee wellbeing is well worth it. (HRC). So what exactly is the return? In a recent study, organizations that improved employee wellbeing by 4% saw company profit increase by 1%. (Aon)
TikTok's talent tool test. The video-sharing platform/dance-meme generator is piloting a new service to help brands recruit Gen Z. In lieu of a traditional resume, candidates can summarize their work experience via (music) video. (Axios)
Degrees decrease diversity. "If you arbitrarily say that a job needs to have a bachelor's degree, you are screening out over 70% of African-Americans ... 80% of Latino-Latina workers, and ... over 80% of rural Americans of all races." (NPR)
