HR Newsletter: Mental Health in the Workplace

Employco USA

Mental Health in the Workplace

Mental health—your mental and emotional well-being—can change over time due to factors like workload, stress, and work-life balance. Observed every May, Mental Health Awareness Month is a time to join together to fight stigma and provide support for people with mental illness and their families.

Mental illnesses are some of the most common health conditions in the United States.

  • More than 50% of the population will be diagnosed with a mental illness at some point
  • 1 in 5 will experience a mental illness in a given year
  • 1 in 25 lives with a serious mental illness (e.g., schizophrenia, bipolar disorder or major depression)

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HR Newsletter: Designing an Internship Program

Employco USA

Designing an Internship Program

If you hear the word “intern” and think of a young person who can fetch the coffee and make copies, you’re not alone. But internships have evolved into more valuable roles, and well-designed internship programs can become an important part of your recruiting strategy and corporate image.

Internships are opportunities for undergraduate students, recent graduates, and graduate students to learn from on-the-job training and to experience work in their chosen field. What distinguishes an internship from a part-time job is that an internship’s purpose is to provide an educational experience for the intern, whereas a part-time job does not promise any educational value beyond necessary job training.

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HR Newsletter: Employee Quits Reach Record High

Employco USA

Employee Quits Reach Record High

The U.S. Bureau of Labor Statistics (BLS) recently released its March Job Openings and Labor Turnover Summary. Notably, the number of quits increased to around 4,536,000 in March, up from approximately 4,384,000 in February. The BLS defines a quit as a “voluntary separation initiated by the employee.” March’s quits rate rose to 3%, setting a new record high. Additionally, employment openings exceeded the level of available workers by 5.6 million.

The March report includes a relatively unchanged quit rate, despite the increase in total quits. Although, increases were noticed in the professional and business services and construction industries. Quits also rose slightly in the Southern United States but generally remained steady across industries and regions. Lastly, the number of job openings in the United States slightly increased to roughly 11.5 million open positions.

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Best Practices for Attracting and Retaining Top Talent

Employco USA

Top Talent

Attracting and retaining a great workforce has always been challenging. The pandemic made the job market more competitive, with many companies losing employees during the “Great Resignation.” Workers re-evaluated their priorities and began looking for opportunities that provided better compensation and a stronger cultural fit. Businesses must step up their game to remain competitive. Here are some top tips for attracting and retaining talent.

Offer the right benefits
Offering competitive benefits and perks has always been vital in a competitive hiring marketplace. Where in the past, a good compensation package only included paid time off, health insurance, and retirement savings, today, that combination is just table stakes. When competing with so many other organizations for the best new hires, offering additional benefits in your compensation package can help you win the best new employees. The pandemic caused a shift in what workers consider important benefits, and we’re seeing more employees asking for benefits that focus on their overall health and wellness.

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The Effect of Inflation on Your Employees

Employco USA

Inflation

Inflation affects us all in various ways, including higher prices at the gas pump and increased prices on everything from rent to groceries and utilities. One of the critical effects of inflation that significantly impacts businesses is how it affects your employees’ bottom line. Inflation has a direct effect on everyone’s purchasing power, and that has a direct impact on the value of your employees’ compensation packages. 

Current wages have less value
Inflation has a direct impact on the value of your compensation packages. Inflation lowers the value of a raise or compensation package. With prices up 7.9% to 8.4%, the typical annual raise of 3%-4% is not enough to counteract the effect of inflation on the overall cost of living. It means that your compensation has less value and can leave your employees in the negative financially because their current wage may not be enough to cover their expenses.

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HR Chat w/Employco USA: Internships

Employco USA

In this video, Rob and Jason cover internships – a trending topic at this time of year. They discuss the next generation of young professionals, paid vs unpaid, development programs, educational training, future recruitment opportunities, the importance of feedback, and more.

Questions? We’re here to help: hr@employco.com

Article: Small Businesses Still Struggle to Find Enough Workers

Employco USA

Rob was recently quoted in an article by Mae Anderson from the Associated Press discussing small businesses who are still struggling to hire qualified workers.

“Many in the industry faced burnout after being on the front lines during two years of the COVID-19 pandemic, said Rob Wilson, president of human resources provider Employco. Some who stayed in the industry switched to larger restaurants where wages might be higher. Others left and looked into new opportunities.”

Read the full article here: Small businesses still struggle to find enough workers

DH

What Are You Doing to Retain Your Employees?

Employco USA

Attract and Retain

The pandemic caused many workers to re-evaluate what they wanted out of work. Many left their jobs seeking employment with companies that matched their values or offered more competitive compensation packages. Keeping employees engaged, productive, and satisfied at work has always been challenging. Here are some tips for attracting and retaining top talent.

Build a strong company culture

Employees want to feel like their jobs make a difference and work for a company whose values reflect their own. Creating and maintaining a strong company culture is one of the best ways to attract employees who are the right fit for your company. It is also essential for keeping your employees engaged and retaining top talent. 

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