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- No Mercy / No Malice
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- Search Metrics
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- fort-mysers-islands-beaches-and-neighborhoods
- uBiome
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August 16, 2022
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Inside this issue
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Workplace trends
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Join the
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Instilling confidence in your team when the future feels uncertain
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Question of the week
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Just for laughs
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Workplace trends
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Compensation
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<span style="font-size: 16px; font-family: Roboto,Arial,sans-serif; font-weight: 700; color: #333333; line-height: 26px;">
The gender pay gap starts three years after graduation
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A new data analysis from the Wall Street Journal revealed that a pay gap between men and women college graduates emerges soon after they join the workforce, even for those receiving the same degree from the same school. The data, which covered nearly two million graduates, showed that in roughly 75% of the 2,000 universities studied, the median pay for men started exceeding their women counterparts just three years after graduating. And in almost 50% of the cases, that pay gap was at least 10%. Although the “why” is still highly debated, the data reveals that gender pay gaps tend to form significantly earlier than has long been perceived.
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Economy
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A recession? Really unclear.
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GDP has fallen for two straight quarters, inflation is still high, and layoffs and hiring freezes continue to make headlines. And yet at the same time, the US added 528,000 jobs last month, – the biggest employment gain since February – and the unemployment rate sank to 3.5% – a more than 50-year low. And to top it all off, total employment in the US has now fully returned to pre-pandemic levels with all 22 million jobs that were lost during the first two months of Covid now restored. The conclusion? The economy is seriously confusing, but we’re not in a clear recession right now (which the National Bureau of Economic Research defines a recession as “a significant decline in economic activity that is spread across the economy and that lasts more than a few months.”)
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<span style="font-size: 14px; font-family: Roboto,Arial,sans-serif; font-weight: 700; color: #6c6cff; line-height: 23px;">
Turnover
</span>
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Job hoppers made record wage gains
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Job switchers have long scored bigger raises than those who stay, but in the last 12 months, the gap reached its widest point since 1997. In fact, according to calculations by the Federal Reserve Bank of Atlanta, recent job hoppers saw their wages jump by a record 6.7% on average in the last year, which is nearly 2% higher than the increase for those who stayed in their same roles. Experts suggest that this widening gap could fuel even greater turnover in the labor market as workers struggle to navigate soaring inflation. And, if labor demand and job openings persist at this rate, employers may start offering even higher wages, which could further complicate the Fed’s efforts to ease price pressures.
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By
<a style="text-decoration: none; color: #878787; cursor: auto; white-space: nowrap;">
monday.com
</a>
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<span style="font-size: 16px; font-family: Roboto,Arial,sans-serif; font-weight: 300; color: #333333; line-height: 26px;">
With talks of a looming recession, hiring freezes, and massive layoffs, for many employees, things at work are feeling extremely stressful and uncertain right now. Workers want to know if their company is going to be okay, whether their jobs are secure, what they should be doing, and what the future will hold.
</span>
</p>
<p style="display: block; margin: 8px 0 0;">
<span style="font-size: 16px; font-family: Roboto,Arial,sans-serif; font-weight: 300; color: #333333; line-height: 26px;">
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<span style="font-size: 16px; font-family: Roboto,Arial,sans-serif; font-weight: 300; color: #333333; line-height: 26px;">
And for managers, in periods like this, it can feel extremely challenging to try and instill confidence in your team. What information — and how much of it — should you be sharing? How can you be candid about the company’s situation without demoralizing your team? How do you offer assurance without making false promises?
</span>
</p>
<p style="display: block; margin: 8px 0 0;">
<span style="font-size: 16px; font-family: Roboto,Arial,sans-serif; font-weight: 300; color: #333333; line-height: 26px;">
</span>
</p>
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<span style="font-size: 16px; font-family: Roboto,Arial,sans-serif; font-weight: 300; color: #333333; line-height: 26px;">
</span>
<span style="font-size: 16px; font-family: Roboto,Arial,sans-serif; font-weight: 700; color: #333333; line-height: 26px;">
Here are some ways to support your team in times of uncertainty:
</span>
</p>
<p style="display: block; margin: 8px 0 0;">
<span style="font-size: 16px; font-family: Roboto,Arial,sans-serif; font-weight: 700; color: #333333; line-height: 26px;">
</span>
<span style="font-size: 16px; font-family: Roboto,Arial,sans-serif; font-weight: 700; color: #6c6cff; line-height: 26px;">
Err on the side of over-updating
</span>
</p>
<p style="display: block; margin: 8px 0 0;">
<span style="font-size: 16px; font-family: Roboto,Arial,sans-serif; font-weight: 700; color: #6c6cff; line-height: 26px;">
</span>
<span style="font-size: 16px; font-family: Roboto,Arial,sans-serif; font-weight: 300; color: #333333; line-height: 26px;">
A byproduct of uncertainty is that things are constantly changing – what’s true today may no longer apply tomorrow. That’s why, as a manager, it’s important to keep your team members in-the-loop as much as possible. Schedule regular meetings to update your team on recent strategy shifts, and make an active effort to share relevant information as it unfolds. When your employees feel confident that you’re committed to keeping them in-the-know, it can ease that level of uncertainty and promote a greater sense of trust.
</span>
</p>
<p style="display: block; margin: 8px 0 0;">
<span style="font-size: 16px; font-family: Roboto,Arial,sans-serif; font-weight: 300; color: #333333; line-height: 26px;">
</span>
</p>
<p style="display: block; margin: 8px 0 0;">
<span style="font-size: 16px; font-family: Roboto,Arial,sans-serif; font-weight: 300; color: #333333; line-height: 26px;">
</span>
<span style="font-size: 16px; font-family: Roboto,Arial,sans-serif; font-weight: 700; color: #6c6cff; line-height: 26px;">
Be transparent
</span>
</p>
<p style="display: block; margin: 8px 0 0;">
<span style="font-size: 16px; font-family: Roboto,Arial,sans-serif; font-weight: 700; color: #6c6cff; line-height: 26px;">
</span>
<span style="font-size: 16px; font-family: Roboto,Arial,sans-serif; font-weight: 300; color: #333333; line-height: 26px;">
While of course you need to be responsible with the information you share, it’s essential to be as clear and honest as possible. Be open about the fact that no one can fully know what lies ahead, including you, but that you do know the organization is doing everything in its power to build a strong foundation for the future. Additionally, make it clear that the company is encouraging you to share what you know – statements like, “I shouldn’t be telling you this” or “don’t share this with anyone, but…” insinuate secrecy and distrust, so make an active effort to highlight that the information you are relaying is coming directly from leadership.
</span>
</p>
<p style="display: block; margin: 8px 0 0;">
<span style="font-size: 16px; font-family: Roboto,Arial,sans-serif; font-weight: 300; color: #333333; line-height: 26px;">
</span>
</p>
<p style="display: block; margin: 8px 0 0;">
<span style="font-size: 16px; font-family: Roboto,Arial,sans-serif; font-weight: 300; color: #333333; line-height: 26px;">
</span>
<span style="font-size: 16px; font-family: Roboto,Arial,sans-serif; font-weight: 700; color: #6c6cff; line-height: 26px;">
Prepare for similar conversations
</span>
</p>
<p style="display: block; margin: 8px 0 0;">
<span style="font-size: 16px; font-family: Roboto,Arial,sans-serif; font-weight: 700; color: #6c6cff; line-height: 26px;">
</span>
<span style="font-size: 16px; font-family: Roboto,Arial,sans-serif; font-weight: 300; color: #333333; line-height: 26px;">
It can be really difficult for people when every day is different and things are constantly changing, so be prepared to have similar conversations running through the same pain points, questions, and concerns with your team members. Try to be patient, even if you feel you’ve already spoken about this before because sometimes your employees need to go over things a few times in order to feel more in control. Additionally, make sure to be consistent about the updates you are sharing across the team to avoid confusion or miscommunication.
</span>
</p>
<p style="display: block; margin: 8px 0 0;">
<span style="font-size: 16px; font-family: Roboto,Arial,sans-serif; font-weight: 300; color: #333333; line-height: 26px;">
</span>
</p>
<p style="display: block; margin: 8px 0 0;">
<span style="font-size: 16px; font-family: Roboto,Arial,sans-serif; font-weight: 300; color: #333333; line-height: 26px;">
</span>
<span style="font-size: 16px; font-family: Roboto,Arial,sans-serif; font-weight: 700; color: #6c6cff; line-height: 26px;">
Convey optimism
</span>
</p>
<p style="display: block; margin: 8px 0 0;">
<span style="font-size: 16px; font-family: Roboto,Arial,sans-serif; font-weight: 700; color: #6c6cff; line-height: 26px;">
</span>
<span style="font-size: 16px; font-family: Roboto,Arial,sans-serif; font-weight: 300; color: #333333; line-height: 26px;">
As a manager, your behavior and attitude can have a profound effect on your employees, so it’s important to try and project confidence in leadership and optimism about the future. While things are uncertain and no one has all the answers, it’s your responsibility to highlight what you do know and how you can best position the team to effectively move forward. Always try to lead with the positive and recognize the contributions of your team. Using language like “we’ve got this” and “I’m so proud of all the work our team has done” is a great way to promote unity and positivity.
</span>
</p>
<p style="display: block; margin: 8px 0 0;">
<span style="font-size: 16px; font-family: Roboto,Arial,sans-serif; font-weight: 300; color: #333333; line-height: 26px;">
</span>
</p>
<p style="display: block; margin: 8px 0 0;">
<span style="font-size: 16px; font-family: Roboto,Arial,sans-serif; font-weight: 300; color: #333333; line-height: 26px;">
</span>
<span style="font-size: 16px; font-family: Roboto,Arial,sans-serif; font-weight: 700; color: #6c6cff; line-height: 26px;">
Offer emotional support
</span>
</p>
<p style="display: block; margin: 8px 0 0;">
<span style="font-size: 16px; font-family: Roboto,Arial,sans-serif; font-weight: 700; color: #6c6cff; line-height: 26px;">
</span>
<span style="font-size: 16px; font-family: Roboto,Arial,sans-serif; font-weight: 300; color: #333333; line-height: 26px;">
Stress and concern are understandable during periods of uncertainty. So, be sure to take the time to regularly check in on your team members. Try to start your weekly meetings by asking how your employees are doing and if there’s any way you can provide support. Listen carefully to what they are sharing and asking so that you can follow up later on. As a manager, it’s so important to consider the perspectives of your employees and really think about what you would want to hear if you were in their shoes.
</span>
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Water cooler chatter
</span>
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<span style="font-size: 16px; font-family: Roboto,Arial,sans-serif; font-weight: 700; color: #333333; line-height: 24px;">
The NBA retired No. 6
</span>
<span style="font-size: 16px; font-family: Roboto,Arial,sans-serif; font-weight: 300; color: #333333; line-height: 24px;">
in honor of the late Bill Russell, who wore that jersey number during his remarkable 13-year career. Players who are currently wearing No. 6, like LeBron James, will be grandfathered in. Russell joins an exclusive group of athletes whose jerseys have been retired league-wide, including MLB’s Jackie Robinson’s No. 42 and NHL’s Wayne Gretzky’s No. 99.
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<span style="font-size: 16px; font-family: Roboto,Arial,sans-serif; font-weight: 400; color: #6c6cff; line-height: 25px;">
“Bill Russell’s unparalleled success on the court and pioneering civil rights activism deserve to be honored in a unique and historic way. Permanently retiring his No. 6 across every NBA team ensures that Bill’s transcendent career will always be recognized.”
</span>
</p>
<p style="display: block; margin: 12px 0 0;">
<span style="font-size: 16px; font-family: Roboto,Arial,sans-serif; font-weight: 400; color: #6c6cff; line-height: 25px;">
</span>
<span style="font-size: 14px; font-family: Roboto,Arial,sans-serif; font-weight: 700; color: #333333; line-height: 22px;">
- Adam Silver,
</span>
<span style="font-size: 14px; font-family: Roboto,Arial,sans-serif; font-weight: 400; color: #333333; line-height: 22px;">
NBA Commissioner
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<span style="font-size: 16px; font-family: Roboto,Arial,sans-serif; font-weight: 700; color: #333333; line-height: 24px;">
Disney’s streaming services just dethroned Netflix
</span>
<span style="font-size: 16px; font-family: Roboto,Arial,sans-serif; font-weight: 300; color: #333333; line-height: 24px;">
in total subscription numbers. Disney now has 221.1 million subscribers across its streaming platforms globally, while Netflix has 220.7 million. That being said, the comparison is not exactly apples to apples because Disney counts one household that takes the Disney Bundle – with Disney+, Hulu and ESPN+ – as three separate subscriptions.
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<span style="font-size: 16px; font-family: Roboto,Arial,sans-serif; font-weight: 400; color: #6c6cff; line-height: 26px;">
“Disney is gaining market share when Netflix is struggling to add more subscribers.”
</span>
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<p style="display: block; margin: 12px 0 0;">
<span style="font-size: 16px; font-family: Roboto,Arial,sans-serif; font-weight: 400; color: #6c6cff; line-height: 26px;">
</span>
<span style="font-size: 14px; font-family: Roboto,Arial,sans-serif; font-weight: 700; color: #333333; line-height: 23px;">
- Haris Anwar,
</span>
<span style="font-size: 14px; font-family: Roboto,Arial,sans-serif; font-weight: 400; color: #333333; line-height: 23px;">
Investing.com Analyst
</span>
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<span style="font-size: 24px; font-family: Roboto,Arial,sans-serif; font-weight: 700; color: #333333; line-height: 46px;">
Question of the week
</span>
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<![endif]-->
</td>
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</td></tr></table>
<![endif]-->
<div class="bg" style="background-color: #f5f6fa;">
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<![endif]-->
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<tbody>
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<td align="left" class="x" style="font-size: 0; word-break: break-word; border-collapse: collapse; mso-table-lspace: 0pt; mso-table-rspace: 0pt;">
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<span style="font-size: 12px; font-family: Roboto,Arial,sans-serif; font-weight: 700; color: #000000; line-height: 20px;">
Last week’s answer:
</span>
<span style="font-size: 14px; font-family: Roboto,Arial,sans-serif; font-weight: 300; color: #000000; line-height: 23px;">
$37.8 trillion
</span>
</p>
<p style="display: block; margin: 5px 0 0;">
<span style="font-size: 14px; font-family: Roboto,Arial,sans-serif; font-weight: 300; color: #000000; line-height: 23px;">
</span>
<span style="font-size: 16px; font-family: Roboto,Arial,sans-serif; font-weight: 700; color: #000000; line-height: 26px;">
This week
</span>
<span style="font-size: 16px; font-family: Roboto,Arial,sans-serif; font-weight: 300; color: #000000; line-height: 26px;">
: Which position had the highest turnover rate this year?
</span>
</p>
</div>
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<![endif]-->
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<img alt="" height="auto" src="https://inboxflows.com/_/image/https%253A%252F%252Fbraze-images.com%252Fimage_uploads%252Ffiles%252F62fb5fb7e066f04f08c21b55%252Foriginal.png%253F1660641207/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZicmF6ZS1pbWFnZSJ9:1oO01D:c3v7HUFw1jIlptTYwnYYmm9OuE6aLDSDLg59TGyeEmU" style="display: block; outline: none; text-decoration: none; height: auto; width: 100%; font-size: 13px; line-height: 100%; -ms-interpolation-mode: bicubic; border: 0;" title="" width="600"/>
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<![endif]-->
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<tr>
<td align="left" style="direction: ltr; font-size: 0; border-collapse: collapse; mso-table-lspace: 0pt; mso-table-rspace: 0pt; padding: 32px 150px 15px; border: none;">
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<span style="mso-line-height-rule: exactly; font-size: 11px; font-family: Roboto,Arial,sans-serif; font-weight: 700; color: #323338; line-height: 16px;">
<a style="text-decoration: none; color: #323338; cursor: auto; white-space: nowrap;">
New York
</a>
</span>
</p>
<p style="display: block; margin: 0;">
<span style="mso-line-height-rule: exactly; font-size: 11px; font-family: Roboto,Arial,sans-serif; font-weight: 700; color: #323338; line-height: 16px;">
</span>
<span style="mso-line-height-rule: exactly; font-size: 11px; font-family: Roboto,Arial,sans-serif; font-weight: 400; color: #323338; line-height: 16px;">
<a style="text-decoration: none; color: #323338; cursor: auto; white-space: nowrap;">
34 W 14th St
</a>
</span>
</p>
<p style="display: block; margin: 0;">
<span style="mso-line-height-rule: exactly; font-size: 11px; font-family: Roboto,Arial,sans-serif; font-weight: 400; color: #323338; line-height: 16px;">
<a style="text-decoration: none; color: #323338; cursor: auto; white-space: nowrap;">
NY, NY, 10011, USA
</a>
</span>
</p>
</div>
</td>
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</tbody>
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<!--[if mso | IE]>
</td><td style="vertical-align:top;width:0;">
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</tbody>
</table>
</div>
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</td><td style="vertical-align:middle;width:132px;">
<![endif]-->
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<table bgcolor="transparent" border="0" cellpadding="0" cellspacing="0" style="vertical-align: middle; border-collapse: collapse; mso-table-lspace: 0pt; mso-table-rspace: 0pt; border: none;" width="100%">
<tbody>
<tr>
<td align="center" class="x" style="font-size: 0; word-break: break-word; border-collapse: collapse; mso-table-lspace: 0pt; mso-table-rspace: 0pt; padding: 0;">
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<p align="center" style="display: block; margin: 0;">
<span style="mso-line-height-rule: exactly; font-size: 11px; font-family: Roboto,Arial,sans-serif; font-weight: 700; color: #323338; line-height: 16px;">
<a style="text-decoration: none; color: #323338; cursor: auto; white-space: nowrap;">
Tel Aviv
</a>
</span>
</p>
<p style="display: block; margin: 0;">
<span style="mso-line-height-rule: exactly; font-size: 11px; font-family: Roboto,Arial,sans-serif; font-weight: 700; color: #323338; line-height: 16px;">
</span>
<span style="mso-line-height-rule: exactly; font-size: 11px; font-family: Roboto,Arial,sans-serif; font-weight: 400; color: #323338; line-height: 16px;">
<a style="text-decoration: none; color: #323338; cursor: auto; white-space: nowrap;">
6 Yitzhak Sadeh St
</a>
</span>
</p>
<p style="display: block; margin: 0;">
<span style="mso-line-height-rule: exactly; font-size: 11px; font-family: Roboto,Arial,sans-serif; font-weight: 400; color: #323338; line-height: 16px;">
<a style="text-decoration: none; color: #323338; cursor: auto; white-space: nowrap;">
Tel Aviv
</a>
, 6777506, Israel
</span>
</p>
</div>
</td>
</tr>
</tbody>
</table>
</div>
<!--[if mso | IE]>
</td></tr></table>
<![endif]-->
</div>
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<![endif]-->
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</div>
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</td></tr></table>
<table align="center" border="0" cellpadding="0" cellspacing="0" class="r-outlook -outlook pr-16-outlook pl-16-outlook -outlook" style="width:564px;" width="564" bgcolor="#F5F6FA"><tr><td style="line-height:0;font-size:0;mso-line-height-rule:exactly;">
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<![endif]-->
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<![endif]-->
</td>
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</div>
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</td></tr></table>
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1 year, 8 months ago - team@learn.mail.monday.com
Instilling confidence in your team when the future feels uncertain
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