How to Safeguard Your Business During Stagflation

Employco USA

Employment trends expert Rob Wilson weighs in

Stagflation

The threat of stagflation continues to loom large over the economy. When June’s jobs report was released last Friday, it revealed that employers hired more workers than expected. While this was good news, it also gave the Federal Reserve the justification to raise interest rates in a bid to fight continued inflation.

“While the June jobs report was positive, it has led to a plan to increase interest rates by 75 points,” says Rob Wilson, President of Employco USA and employment trends expert. “The theory is that raising interest rates will curb spending, thereby causing spending to decline and demand to fall. Unfortunately, this is a plan that is conceived to combat inflation, but we have no economic tools in place to fight stagflation.”

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The Value of Voluntary Benefits in a Recession

Employco USA

The Value of Voluntary Benefits in a Recession

Inflation is rising, and the fear of a recession is growing. A Bloomberg survey predicts a 30% chance of a recession occurring in the next year. Rising interest rates and a recession on the horizon are impacting everyone’s financials, and everyone is looking for ways to cut operating costs.

Recessions often lead to reduced profits. While nobody can entirely avoid an economic downturn’s impact, businesses should review their overhead regularly for ways to reduce costs. While reductions in profits can lead to concessions such as wage reductions and reduced benefits, revamping your benefits package to include more voluntary benefits is an innovative way to help make your business and your benefits recession-proof.

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WEBINAR: HR Compliance Mid-Year Checkup

Employco USA

WEBINAR: HR Compliance Mid-Year Checkup

Now that we’ve made it half-way through the year, it’s a good time to review recent developments in human resources. Join Employco USA’s Rob Wilson and Jason Eisenhut for a special webinar highlighting updates to employment law, including the following recent changes:

    • New state and local minimum wage laws
    • Wage and hour recordkeeping
    • Discrimination in AI recruiting
    • Form I-9 verifications of remote employees
    • Bans on salary and criminal history
    • COVID absences and notifications
    • State and local paid sick leave rules
    • Dobbs (Roe v. Wade) ruling effects on employment
    • Non-compete and non-solicitation agreements

FREE REGISTRATION
You’ll be able to join us at 10:00am CT on Thursday, July 14th from your computer, tablet, or smartphone (you can also dial-in):

REGISTER HERE

Register Here

You can also use our registration form to submit questions you’d like to see answered/covered during the webinar.

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Introducing New Hires into the Company Culture

Employco USA

Introducing New Hires into the Company Culture

Establishing and maintaining strong company culture is a critical component of employee retention. Companies that focus on building a positive company culture have a 40% higher retention rate than companies that neglect this critical management aspect. Wise leaders know that retention for new hires starts before a new hire’s first day of work and continues through onboarding and training. Here are some tips for introducing your new employees to your company culture.

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How to Scale Your Business from an HR Angle

Employco USA

HR Scaling

Employment trends expert explains why business growth needs to first begin in the HR department

Scaling your business is something that should be on every employer’s mind right now. Increasing your revenue while keeping team expenses stable is one of the most important tools for longtime profit. But when scaling your business, it’s important to consider how to sustain growth from an HR perspective as well as from a revenue perspective.

In today’s market, every company has aggressive goals for growth, whether growing the business internally or through a merger. Typically, business owners approach scaling as solely revenue-based. That can mean that HR becomes an afterthought in your strategic plan. But the truth is that having a plan for scaling your HR as your business grows is vital to the success of growth overall.

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Podcast: LGBTQ Workplace Best Practices

Employco USA

On this month’s HR podcast Rob, Scott, and Jason cover LGBTQ workplace issues. They discuss historical events, workplace discrimination, diversity and inclusion training, company policies and handbooks, anonymous employee surveys, and more. They also touch on some of our next podcast talking points – from inflation and job market changes to the HR side of being in a recession.

LGBTQ Workplace Best Practices

Contact us with any questions you may have, we’re here to help: hr@employco.com

Keeping Remote Workers Engaged

Employco USA

Employee Engagement

For many organizations, remote work is here to stay. But for teams working on a primarily or totally remote basis, building relationships and maintaining ties between workers can be a real challenge, especially when team members are scattered across state or international lines. Here are five tips to help keep remote workers engaged.

Use Technology to Stay Connected
Technology is vital to maintaining connections with remote workers. Applications like Microsoft Teams and Google Office Suite make it possible for teams to collaborate in real-time even when they are located across hundreds or even thousands of miles. However, studies show that too much time in video conferences or working online in front of a screen can lead to burnout. According to a report from Monster, 69% of work-from-home employees are experiencing burnout. The key is to balance real-time virtual meetings with online documents and video recordings to maintain a balance and minimize the risk of burnout.

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