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Linked – Survey: Employers face more turnover in 2024 as confidence in leadership dips
The interesting thing about this is the fact that there’s a lack of confidence in the employer because I think many employers brought that on themselves. Layoffs might make the financials look good with that cut in expenses, but they are also an admission that management screwed up. When your management screws up and people have to be let go, the ones who are left behind don’t see company leadership in a sparkly light.
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Network Now, Because It’s Likely You Will Be Laid Off Eventually
Greg offers up some great networking advice, but maybe the best thing he offers is a reality check. It’s better to be prepared. It’s better to have a plan, and it’s always better to have more connections when you find yourself looking for your next gig. Don’t wait to be without a job before forming connections with people in your industry. Prepare to be laid off because sooner or later, it might be you getting the call from HR, and as many of us can tell you, how you performed as an individual in your job won’t matter in the end. This isn’t about getting rid of poor performers, it’s all about the finances. You do not matter as much as that balance sheet and stock price do, so be prepared to not just potentially be let go but to leave when a better opportunity comes up.
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Did We See Holiday Layoffs Because the Vibes Are Off?
Reading this BBC article, it appears that we saw some of the holiday layoffs earlier in December because leaders feel like the vibes are there for a recession next year, even though the underlying economic data don’t point in that direction. This year, at least, rocky economic headwinds may play a role, says Nicholas Bloom, an…
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Linked – HR leaders report waning optimism around retention, engagement
It’s not about creating a great product for customers, and it’s not about creating a sustainable, profitable company. It’s about jacking the stock price and getting out with your profits.
Is it any wonder employees don’t give AF?
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Linked – The ripple effects of layoffs
It’s December, and the number of organizations conducting layoffs keeps growing. It’s been a never-ending cycle of layoffs. Let’s not kid ourselves and assume that everyone is feeling OK about that. Let’s not ignore the mental health elephant in the room, let alone the damage to workplace culture. And let’s also acknowledge that leaders who have conducted any layoffs do not get the benefit of the doubt regarding trust. There’s simply no reason to trust you.
