Industry News
HR & Career
Top stories summarized by our editors
6/18/2021

Best Buy, the Hartford and National Grid are among a growing number of employers officially honoring Juneteenth as a paid company holiday -- a move that will likely increase now that the day is officially a federal holiday. "Recognizing Juneteenth as a paid holiday is simply the right thing to do and signifies a degree of reckoning with America's history that is long overdue," says Rosa Nunez, director of diversity, equity and inclusion at law firm Foley Hoag.

6/18/2021

Licensed clinical social worker Nikita Banks said she's seen many clients who struggle with internalized capitalism -- the feeling that you're never doing enough -- and it can lead to burnout and depression. Banks said the feeling is nearly impossible to escape and that because of internalized capitalism, people never give themselves time to rest or even grace for their accomplishments.

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USA Today
6/17/2021

Amazon has experienced record growth and has hired huge numbers of workers during the pandemic, but a New York Times investigation reveals that the technology it relied on to manage that growth exacted a heavy human cost on its workforce. This piece looks at that investigation, spanning mistaken firings and benefit cuts, a lack of transparency over pandemic cases, sky-high staff turnover, worker monitoring and employees' feelings about CEO Jeff Bezos' recent pledge to become "Earth's best employer."

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The New York Times
6/17/2021

Labor Department figures show the percentage of the US workforce who opted to quit their jobs in April was 2.7%, compared to 1.6% in April 2020 and representing the highest level since 2000 or earlier. The high quit rate signals confidence that alternative job offers will be available and has prompted employers to offer higher wages and promotions in an effort to retain talent.

6/17/2021

HR leaders' collaboration with executives and reliance on technology have grown during the pandemic, says Tara Varjavandi, vice president of HR at Nakisa. "There are three primary areas where HR leaders have been working much more closely with the leadership team: recruiting, culture and workforce realignments," Varjavandi says.

6/17/2021

This article details how to help high-potential employees continue to grow without succumbing to the pressures and temptations of being a "rising star." "If the workload cannot be lifted from their shoulders, give them support, so that they can delegate more work to, for instance, less-overloaded 'hidden stars,'" the researchers write.

6/17/2021

Corporate boards' nominations and governance committee chairs say CEO succession planning is their biggest responsibility, although they often spend more time talking about other issues at meetings, according to a Russell Reynolds Associates survey. "While CEO succession can be a sizable undertaking, NomCo chairs clearly recognize the responsibility the board has to do the job well," the authors write.

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Russell Reynolds Associates
6/17/2021

A survey sponsored by TopResume found that only 31% of women who are primary caregivers will reenter the workforce in the next year. A Limeade Institute survey suggests that men and women alike are looking for more flexibility with their work.

6/17/2021

To avoid sounding fake during a job interview, think about your intrinsic motivation for work -- such as what part of work motivates you each day -- and how that aligns with the potential job. Is it helping others? Accomplishing small daily goals? Learning new skills?

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CNBC
6/17/2021

Tom Duffin, a financial adviser who became a social work professor, created a course titled, "The Social Entrepreneurial Approach to Community Reintegration," for students at Penn Law, Wharton and the School of Social Policy & Practice that helps students to develop business ideas and hone their investor pitches. Duffin said he's tried for several years to pair financial advice with social work and wants to help people navigate the systems "that have been conspiring to make them fail."