Report: 6.6M file first-time unemployment claims | Research: Women's pay may suffer during pandemic | 401(k) matches are targeted for cuts
April 2, 2020
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Data released Thursday showed 6.6 million US workers filed for first-week unemployment benefits in the week ending March 28, a historic high spurred by the ongoing novel coronavirus pandemic. It represents a more than 3,000% increase from early March, which economists called "monstrous," "stunningly awful" and "a portrait of disaster."
Full Story: CNN (4/2) 
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Women face a greater financial loss during the pandemic because they're more likely to stay out of work to care for children and sick family members, a PayScale report says. "Employers should recognize that employment gaps to care for family members may be unavoidable," says Sudarshan Sampath, PayScale research director.
Full Story: Society for Human Resource Management (tiered subscription model) (4/2) 
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A report from HR People + Strategy and Willis Towers Watson says chief people officers will be critical to continuously retain the workforce and "to progress from anecdotal to evidence-based thinking," among other objectives, writes Maggie Kelly. "HR executives must be able to lead people in nonhierarchical, fluid work environments and empower talent on the front lines to drive problem solving and innovation," she writes.
Full Story: HR People + Strategy Blog (4/1) 
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Developing Leaders and Organizations
Vulnerable leaders who admit they don't have all the answers can build trust with employees, which can lead to more productive discourse, writes Jerome Parisse-Brassens, executive director for Walking the Talk. "HR business partners need to coach the managers and leaders they work with to become more open, to let go of their fears, and to reflect on the need to show some vulnerability," he writes.
Full Story: Inside HR (Australia) (4/1) 
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Leadership behaviors that are associated more with women have benefits for everyone, write Tomas Chamorro-Premuzic and Cindy Gallop. "Academic studies show that women are more likely to lead through inspiration, transforming people's attitudes and beliefs, and aligning people with meaning and purpose (rather than through carrots and sticks), than men are," they write.
Full Story: Harvard Business Review online (tiered subscription model) (4/1) 
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Making the Most of Talent
Verizon HR chief's tips for working from home
(ZDNet/YouTube)
Verizon Chief HR Officer Christy Pambianchi says regular office hours, training in remote work and maintaining person-to-person contact are key steps to successfully working from home.
Full Story: ZDNet (3/31) 
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Companies that align employees' performance goals to organizational goals are often top performers, according to an Association for Talent Development report, but the approach can be difficult. "I can see it working for managers, who should be aligned to lead their teams to those targets, but it doesn't always make sense for lower-level employees to have all their goals align with corporate goals," says Wade Larson, chief HR officer at Wagstaff.
Full Story: Association for Talent Development (4/1) 
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HR People + Strategy Update
Walk away with tips that will help you better understand your priorities and drive diversity and inclusion strategies more effectively in your organization in an upcoming webinar in partnership with Peakon featuring HR & Diversity leaders, Shanita Williams, Ed.D, Associate Vice President of Talent Engagement & Inclusion and Jada Keye Hebra, Senior Vice President and Chief Diversity and Inclusion Officer. Don't miss the opportunity to learn, share and explore with other HR executives the impact of prioritizing diversity, equity and inclusion efforts within your organization. Register today.
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