Brightside’s Post

It is important for employers to realize that you can't treat financial illness with financial wellness solutions. You would never treat asthma or cancer with education, webinars and coaching. Why would you treat financial illness with financial wellness solutions?

Cost Reduction to meet investors financial predictions. Employees are liabilities in the balance sheets. In the past businesses would temporarily sacrifice profits to protect their employees livelihood. Public companies are penalized if they don’t meet the quarterly earnings targets… The economic and social impact of layoffs to individuals and families have far more implications… Change is needed.

Simple solution: until RTO reveals itself as an undoubtedly superior work model, adjust the compensation plan of any executive who relies upon hunches and anecdotal evidence as the basis for major decisions affecting the entire workforce to the worth of hunches and anecdotal evidence; should the executive’s idea eventually prevail, issue backpay with interest. Given that changes to the status quo sans data are equivalent to glorified gambles, it would be prudent for an organization to offset at least to some degree the very real risk of costly turnover. https://lnkd.in/gN9z_zGP

Want to increase employee engagement? Focus on metrics like the number of meetings held per week; research shows the fewer, the better. #employeeexperience #productivity

There’s a great quote from Jeff Bezos that’s resurfaced recently – “When the anecdotes and the data disagree, the anecdotes are usually right. There’s something wrong with the way you are measuring it”. I suspect this could promote a major pile-on, however, Mr Bezos has enough credit in terms of working with data, so let’s allow him this. His quote could hardly be more relevant when we consider the latest ONS employment figures. Out today, the news is mixed. Unemployment is down to 3.8% and the number in employment is up. At the same time, the number of vacancies fell by another 26,000. However, it is so hard to draw any meaningful conclusions because the ONS is still working through a new way of calculating such data – because people no longer respond in numbers to ONS phone calls or surveys. No great surprise. What is a surprise is that such a huge influence on organisation policy, on our economy, on the direction of interest rates and inflation is now the result of experimental guesswork. In other words, people’s anecdotal reading of the labour market is probably more right than the official data. What does the market feel like to you? (If you like some of thinking on these posts and feel something similar would benefit your employer branding and EVP initiatives, please feel free to reach out via DM).

In 2022, I wrote my first book on Pay Transparency. The immediate attention that was needed in California and New York City for looming pay Transparency laws soon became commonplace throughout the rest of the country. As more and more states across the United States expand their legislative requirements, it adds to the complexity of employing individuals and doing business. 🚨 If pay transparency feels confusing or your organization doesn’t have a clear strategy or plan of action to keep up🎱, please consider the second edition of Pay Transparency to be a helpful resource and practical guide in getting comfortable with and adhering to the ever-expanding regulatory environment. The 2nd edition is expanded with notes on the requirements in each state as well as an appendix with links to international pay equity legislation. To celebrate 🎉 the 2nd edition, I am launching it at a special price of 99 cents. 📢📢 Grab your copy today! 😎 😎  https://lnkd.in/e3ZkpBdv 

This latest round of #RTO mandates feels more like Groundhog Day than Labor Day/Back-to-School, only now employers like Amazon are doubling down! How do we break the cycle so we don't find ourselves even further apart, having the same conversation--Employers: "Return"; Employees: "Why?"--at the beginning of the new year? Thank you, CNN This Morning, for asking me to share insights into what we're doing wrong and what we can do better. (Link to segment in comments) Preview: We have a historic opportunity to be strategic and intentional in reimagining and recalibrating work to meet the needs of the business AND people. It begins with a more effective question than "How many days in the office?" #reimaginework #innovation #transformation #workflexibility #flexiblework #rto #hybridwork #futureofwork #performance

If you’re using financial wellness to support your frontline workers, reassess whether those benefits can address this financially vulnerable group’s financial struggles - let alone improve their financial health. Read more: https://lnkd.in/e8kJvKqx Learn seven key takeaways from a thought-provoking session on why thinking beyond financial wellness will benefit your employees and your business, led by Brightside CEO and Co-founder Tom Spann and Amazon Sr. Manager, Financial Benefits Justin Roberts at the Elevate People, Ignite Change (EPIC) conference. #FinancialCare #FinancialWellness #FinancialHealth #EmployeeBenefits #HR #Benefits

During my short (but exciting) time here at Yellow Canary, this one simple lesson keeps repeating itself: “Don’t check your own homework!” I can thank Marcus Zeltzer for this now being burned into not only my vocabulary but operating procedures…. The Closing The Loopholes Bill is just another point of reference when trying to make your workforce compliant and why you should lean on the experts (us) to help you navigate it. Download our white paper to learn what it will mean to your workforce and how to best prepare for the upcoming changes.  Link in comments.  #wagetheft #payrollcompliance