neurodiversity

Benefits of Neurodiversity in the Workplace

By Kimberly Kafafian

Neurodiversity is oftentimes an overlooked and marginalized aspect of our workplace. It’s a subject I am passionate about; I’m also a resident expert. I am neurodiverse. My sons are neurodiverse. Our employees and clients are neurodiverse. I spent a large portion of my life feeling like a square peg getting shoved into a round hole. Fortunately over the last few years, more and more companies have started to prioritize diversity, equity, inclusion and belonging (DEIB) initiatives. Business leaders have come to recognize that organizations greatly benefit from a workforce composed of people of varying backgrounds. Not only does DEIB enhance engagement and productivity, it also fosters creativity, driving innovation and growth.

When companies take steps to improve DEIB, however, they tend to focus on gender, race, ethnicity and social background, typically leaving one group of workers overlooked: the neurodiverse. Studies estimate a staggering 50-75% of the 5.6 million autistic adults in the U.S. are unemployed or underemployed. This is extremely unfortunate as members of this group can bring so much to the table. 

What Is Neurodiversity?

As Nicole Baumer, MD, MEd has succinctly states, “Neurodiversity describes the idea that people experience and interact with the world around them in many different ways; there is no one “right” way of thinking, learning, and behaving, and differences are not viewed as deficits.”

The term is typically used in the context of the Autism Spectrum Disorder (ASD), as well as other conditions such as ADHD, dyslexia, social anxiety disorders, and learning disabilities. The stigma usually associated with ASD or neurodivergent thinking is that these groups do not communicate or function the same way as neurotypical people. But that’s exactly the beauty and benefit of neurodiversity!

What people don’t understand is that there is such a wide range of strengths and challenges among people with ASD. So many in this group have average to above average IQs, communicate effectively, bring unique ideas and perspectives to the projects they work on, and offer skills and talents that add value overall. 

Ever since I began my career in HR, I have been extremely passionate about diversity and how employers can achieve it. I’ve pushed back against stigmas to promote diverse teams whose members working together can achieve great things. And when it comes to the neurodivergent, I know that this is an untapped pool of talent definitely worth recruiting. I’ve seen first hand how neurodiversity has made organizations stronger.

How Employers Benefit from a Neurodiverse Workforce

Hiring neurodiverse workers is a great way to give organizations the competitive edge they need in today’s environment. Here are just a few benefits companies can reap from prioritizing diversity in cognition.

Bolstered strengths and skill sets.

The neurodiverse can bring a host of sought after skill sets to an organization, including:

  • High levels of concentration
  • Superior mathematical and technical skills
  • The ability to hold detailed factual knowledge
  • And perhaps the most in demand skills right now: leadership, creativity and initiative (displayed by people with dyslexia according to a report from EY)

Overcoming “groupthink”.

Contrary to the popular saying, great minds “don’t” think alike – at least that’s how I see it. Neurodivergent individuals process things differently, so they see things differently. And that’s important if you want teams to effectively problem solve and come up with new ideas.

Driving innovation.

If you want to boost creativity then you need team members that don’t think in a traditional way. Neurodiversity fosters unique ideas and perspectives that drive the innovation companies need to thrive and grow.

Tackling talent shortages.

Businesses of all sizes are struggling to fill job openings right now. With so many unemployed and underemployed neurodivergent workers, HR departments should be tapping into this talent pool. Plus, studies demonstrate high retention rates among neurodivergent workers – something that could help address the Great Resignation.

It’s time to stop the stigma and embrace neurodiversity – it’s good for society and good for a company’s bottom line.

 

gender pay equity

New Report Concerning Gender Pay Equity

By Kimberly Kafafian

3-15-22

Today is Equal Pay Day. For those who don’t know the significance of this day, in essence the date marks how far into the year women must work to earn what men earned in the previous year. Why do we mark this measurement? It’s because for every $1.00 a white male earns:

  • White women make $.79
  • Black women make $.64
  • Hispanic women make $.57

With it being March 15th, that means that women on average had to work an additional 2.5 months to make up for the pay gap! The fact that in 2022 women still have to work so much more than a man to earn the same pay evokes a range of emotions: sadness, anger and shock. In 2021, the date was March 24th, so I guess we’ve made some sort of progress. But according to a new Pew Research Center report that advancement must be minimal. It found that the gender gap in pay has remained relatively stable in the U.S. over the past 15 years or so, with women earning only 84% of what men earned. 

Explanations for the Gap in Pay Equity

According to the Pew Research report, much of the pay gap is attributed to educational discrepancies, occupational segregation and work experience. Although the number of women in higher-paying professional and managerial positions that were traditionally dominated by men has increased, women are still overrepresented in lower-paying occupations which don’t require higher education. These education and segregation explanations are supported by other research. PayScale’s Gender Pay Gap Report for 2021 noted that without controlling for factors such as education and occupation, women make only $.82 for every dollar a man makes. When comparing job title, years of experience, education, industry, location and other compensable factors, women in the controlled group make $0.98 for every $1.00 a man makes. So these two factors have a huge impact on the pay gap.

The experience factor impacts all education and occupation levels. Let’s face it, most women are the default parent.  As such, many women leave the workforce to be the main family caregiver. This interruption in career path has a significant impact on long-term earning potential. And the pandemic has only compounded the problem. Shutdowns pushed women in front-line positions out of the workforce forcing an experience gap. Even professionals who could work remotely took a hit to their careers as they had to leave their jobs for childcare reasons when schools closed. Right now, women’s participation in the labor force is at a 33-year low as more women take on caretaker roles.  This staggering statistic is underscored by a MetLife poll which found that 48% of respondents believe the pandemic negatively impacted their careers, with one in five saying they were pushed out of the workforce altogether.

The Pay Gap’s Impact on Lifetime Income Puts it All Into Perspective

Just think about those extra 2.5 months women need each year to catch up to their male counterparts. Now, add that up into years over a lifetime. If men and women retired at the same age, after working the same number of years, consider how much more income a man would have earned. It can be hundreds of thousands of dollars! In fact, according to a study by Lean In, women lost an average of $406,280 over the lifetime because of the pay gap. 

How Can We Reach Gender Pay Equity?

Despite all the gains, there’s still so much that needs to be done to erase the gap. One initiative that’s making strides is pay transparency. More and more jurisdictions are requiring proactive pay scale disclosure, which will hopefully narrow the wage discrepancies. But women need to be proactive as well. They should become knowledgeable of average salaries and seek higher pay when negotiating salaries and pay raises. As an HR professional, I know employers need to take significant actions. They must eradicate gender discrimination in the workplace and do a better job with their DEIB initiatives. Companies should also proactively promote parental and family leave for all genders so that the impact on careers is more balanced. Leaders need to take the lead here, such as the case with Twitter’s CEO, who after only three months on the job is taking parental leave. Working together is what will make the difference.

 

women in the workplace

Embracing Returnships for Women to Combat Effects of Pandemic

By Kimberly Kafafian

 

I hate to say it because we’re in the middle of Women’s History Month, but we’re experiencing a “shecession”. This term was coined by C. Nicole Mason, president and chief executive of the Institute for Women’s Policy Research. And, unfortunately, it’s spot on. The pandemic disproportionately left millions of women out of work due to circumstances beyond their control, and sadly the post pandemic job recovery has been slower for them than their male counterparts. I honestly cannot believe that after all the gains we’ve made that we’re seeing women’s participation in the workforce numbers that are at a 33-year low. It’s going to require a lot of effort from all stakeholders to chip away at the damage that’s been done. One way organizations can help women re-enter the workforce and put their careers back on track is through returnships.

How Returnships Can Help Women Recover Careers

Career gaps, in general, have significant impacts. They result in lower wages and lost advancement opportunities, which in turn leads to reduced lifetime earning potential. Plus the longer women are out of the workforce, the harder it is for them to find a job since employers tend to view career gaps on a resume negatively. But the current gaps are not normal. Companies need to view these lapses differently in light of pandemic-related school and daycare shutdowns. The caregiving conflict put families in unfathomable positions. Returnships can help counteract the deleterious effects of the pandemic on women. 

What is a returnship? It’s basically an internship that helps those who have left the workforce and are now wishing to re-enter it. Usually it provides extra training and affords valuable mentorships. The time of the returnship varies, but typically the returner is hired when it has ended. While it may seem that companies are doing women a favor by offering returnships, in actuality, the returnship is mutually beneficial. Workers can refresh their skills, learn new ones, build connections, and boost experience, while employers have an opportunity to evaluate workers before hiring them on a full-time basis. And right now they are a great way for companies to combat the Great Resignation.

Many companies have had returnships in place long before the pandemic, such as Goldman Sachs, JP Morgan Chase, Intuit and IBM. Wells Fargo had planned their returnship prior to COVID, but it didn’t launch until the pandemic was in full swing. Amazon expanded its returnship program to entice women back last June. Others like Grubhub and Audible recently created returnship programs. All of these companies realize the benefits returnships bring. Research shows that everyone benefits – including the organizations – when women join the workforce.

Of course, returnships will only be effective if they are paired with other initiatives, such as remote work opportunities, flexible hours, and child care. But they are a step in the right direction to helping women successfully re-enter the workforce.

 

transparency

Pay Transparency and the Gender Wage Gap

By Kimberly Kafafian

 

I started my HR career in compensation. Part of my responsibility at that time was to market price entire departments to ensure external competitiveness. I remember how bizarre – and deeply bothersome – it was to focus on external competitiveness while being forced to ignore the disparate pay levels between men and women within the same department. In every department, there was always one “outlier” – someone who made a tremendous amount more than the rest of their peers. And yes, that person was always a white male.

Despite the fact that women have earned more bachelor’s degrees than men since 1982, more master’s degrees than men since 1987, and more doctorate degrees than men since 2006, the gender wage gap continues. One strategy to bring about pay equality that’s gaining momentum is pay transparency. As an HR professional, I’ve witnessed this become one of the fastest growing topics in my profession. Why? Because not only does pay transparency work to close the gap across many industries, occupations and positions, it also supports regulatory compliance and offers other key benefits to the organization overall – including leverage during the Great Resignation.

Proof that Pay Transparency Pays Off

Compensation data and software firm PayScale released a report based on 1.6 million responses about compensation over a two-year period. According to its findings, pay transparency works across the majority of industries, occupations and job levels. It found:

  • When respondents agree that there is pay transparency in their organization, the gender wage gap vanishes for women doing similar jobs as men, provided all compensable factors are adjusted
  • There are a few notable exceptions where pay does not quite equalize across industries: retail and customer service, accommodation and food services, arts/entertainment/ recreation, transportation and warehousing 
  • There are also some exceptions across occupations: construction and extraction, sales and related, food preparation and serving related, production, installation/maintenance/ repair, protected services – which tend to be male dominated jobs
  • A gender gap is still evident at the director and executive levels

Despite the discrepancies, adopting transparent pay is one step toward pay equality.

Salary Disclosure Laws Help to Push Transparency

In my generation, along with previous generations, talking about how much money you make has been taboo. And companies traditionally have held this information close to the vest. So, your counterparts’ salaries were pretty much a mystery. But now with the internet, salary information is right at our fingertips from sites like Glassdoor and LinkedIn. You can even find it on social media. Today, discussing salary with your co-workers is protected by law, and more and more states are enacting laws that allow job seekers to know a position’s pay range when they interview. While this can help with salary negotiation, for pay transparency to work, it needs to come directly from the organizations themselves. 

Many organizations, however, feel trepidation about taking such a leap and have pushed back against transparency afraid of employee disputes. But in some states they have no choice. Pay transparency laws are popping up all over the country. The trend started in California back in 2018, when the golden state required employers to provide external applicants with the pay scale if it was requested and the first interview was complete. Similar laws have been enacted in Maryland, as well as Cincinnati and Toledo, Ohio. Washington passed a version of the law, but expanded it to include internal applicants upon request after the initial offer. 

In time, pay scale disclosures laws started requiring proactive actions. Connecticut employers must provide the salary range to external candidates at offer and current employees at role change or upon request. In Nevada, employers must provide the range to current employees interviewing for new roles and external applicants post-interview or upon request.

New York City is going even further by requiring employers with at least four New York City employees to include the minimum and maximum salary on all job postings.

For jurisdictions where the disclosures aren’t mandatory, it’s up to HR teams to make leadership see their benefits of adopting a transparent pay process.

Pay Transparency Brings Benefits Beyond Closing the Gender Wage Gap

When organizations adopt pay transparency, they realize additional benefits that HR teams should bring to their attention to bring them on board:

  • Regulatory compliance with the Fair Labor Standards Act and the Equal Employment Opportunity Commission, which can help protect against lawsuits
  • When organizations commit to a compensation strategy that values employees, they make themselves more attractive to top talent and enhance employee engagement, in turn boosting retention rates and profits
  • According to a LinkedIn report, the professionals that practice pay transparency found that it makes the hiring process more efficient by streamlining negotiations and that it helps ensure fair pay among race and gender

Pay transparency isn’t enough on its own to eradicate the gender wage gap, but it can have a significant impact. 

 

gender disparity in the workplace

Gender Disparity in the Workplace Widened During the Pandemic

By Kimberly Kafafian

 

Even before the first studies and research results were released, I could have told you how the pandemic was disproportionately impacting working women. I saw it in my community when shops run and staffed by women were shuttered overnight. When schools and daycares were suddenly closed, friends and family – myself included – struggled with child care. And as an HR consultant, I witnessed it in workplaces as women left their positions to care for their children when childcare options vanished. So no, I don’t need facts and figures to convince me that the gender disparity in the workplace widened as a result of the pandemic.

But, I will share those facts and figures here because they need to have a light shone on them. We, as a nation, need to understand the negative impact the pandemic has had on women’s careers and work-life balance, so we can take steps to help level the playing field for women in the long run.

Research Reveals Gender Disparities

In January, the Pew Research Center released a report that found that some gender disparities widened in the U.S. workforce because of the pandemic. First statistic of note is that job losses overall were greater among women than men. This, itself, is a serious setback. As you dive deeper into the results, they become even more alarming:

  • The number of women ages 25 and older in the workforce has fallen 1.3% since the third quarter of 2019 compared to 1.1% for men
  • Women who have no education beyond high school left the labor force in greater numbers than similarly educated men
  • Looking at the third quarter of 2019 to the third quarter of 2020, the number of women in the labor force who did not graduate high school decreased 12.8% whereas comparably educated men only contracted 4.9%

What accounts for these gaps? Much of it has to do with occupations. Women tend to be overrepresented in industries like health care, food preparation and personal service occupations – all of which were severely hit during the pandemic. 

Closure of day care centers and schools also played its part. The burden of childcare fell heavily on women’s shoulders. The result: working moms left their positions, stunting their career tracks.

The Impact of this Gender Disparity

Women have suffered serious setbacks over the last two years, facing breaks in their careers and reduced earnings – both in terms of salary and lifetime income. When women’s careers are interrupted it can result in lower wages and lost advancement opportunities, which impacts long term earning potential. But as things start to return to normal, will women’s workforce numbers start to climb?

Alarmingly, research by the National Women’s Law Center found that post pandemic job recovery has been slower for women, stating:

“[M]en have now recouped all their labor force losses since February 2020 while over 1 million fewer women were in the labor force in January 2022 as compared to February 2020. The sharp contrast between the number of men and women in the labor force likely reflects the uneven caregiving responsibilities men and women have taken on in the pandemic which have caused continued school and child care disruptions.”

Yana Rodgers, professor with Rutgers-New Brunswick’s School of Management and Labor Relations and School of Arts and Sciences also affirms the disproportionate impact:

“In 2020, women with school-age children definitely experienced a “COVID motherhood penalty,” as evidenced by growing gender gaps in employment/population ratios and working hours. School and day care center closures required parents to spend more time at home caring for children and supervising their schooling, and the bulk of this work fell on the shoulders of women.”

So what now?

Creating a More Equal Playing Field

These statistics prove we need to take action to boost job recovery – and fast. Women already suffer from the gender pay gap LINK TO BLOG. Staying out of the workforce will only widen that gap even further. 

Companies benefit greatly from having women in the workforce – but that’s a topic for another blog. Just know that there’s plenty of research to back that up. So it’s incumbent upon employers to put initiatives in place that can help even the playing field, such as:

  • Endorsing paternity leave from the leadership level to neutralize the stigma of the “mommy track”
  • Providing child care support
  • Promoting professional development
  • Offering educational opportunities
  • Allowing remote working when possible
  • Permitting flexible work hours

The goal should be to offer workplace policies that promote achieving career aspirations and lessening gender stereotypes and disparities.

 

 

employer branding

Employer Branding’s Importance in Recruitment

By Kimberly Kafafian

 

Candidates have control of the labor market right now. Full stop. Between COVID and the Great Resignation, the playing field has entirely changed and employees are no longer beholden to their employers. The circumstances of the last two years have employees at all levels, across all sectors and industries, rethinking their options and leaving their jobs in droves. When it comes to employees deciding where they’ll land next, they are being incredibly selective, and doing lots of research on companies and their cultures before even applying for a position. One of the candidates we recently worked with had turned down multiple offers, from October to January, until she found exactly what she wanted, with whom she wanted. All this being said, the importance of employer branding, now more than ever. Regardless of size or number of employees, organizations need to understand how they’re perceived as an employer, how that perception is impacting attracting and retaining the right talent, and the actions they need to take to build a visible, positive reputation.

The Stats Speak for Themselves

Last April, Glassdoor released an article titled The Most Important Employer Branding Statistics to Know. The findings they culled speak volumes as to why focusing on branding is so important for organizations in today’s climate. Here are just a few eye-opening numbers:

  • 86% of employees and job seekers research company reviews and ratings to decide where to apply for a job (Glassdoor/Harris poll)
  • 75% of active job seekers are likely to apply to a job if the company actively manages its employer brand (Glassdoor survey)
  • 68% of Millennials, 54% of Gen-Xers, and 48% of Boomers indicated they visit employer’s social media channels specifically to evaluate the employer’s brand (CareerArc study)

What does your brand say about your culture? Is your brand even visible online? These are questions HR & Marketing departments need to be asking right now if they want to successfully navigate today’s labor crisis. Branding is how you’re going to stand out from the competition during the research phase of the job search. 

What Exactly Is Employer Branding?

To put it simply, employer branding is the perception employees and potential employees have of a company. In essence, it speaks to a company’s desirability and its ability to attract and retain talent.

Employer branding all comes down to defining and positioning who you are as an organization at every touchpoint:

  • Website career page
  • Social media channels
  • Job postings
  • Review sites like Glassdoor
  • Employees
  • Communication with candidates

Why Employer Branding Is so Important

To be honest, employer branding takes effort, but the outcome is so worth it. It just might be your best weapon in the war for talent. Here are a few of the benefits businesses experience as a result of powerful employer branding:

  • 50% more qualified applicants (LinkedIn)
  • 28% reduction in turnover (LinkedIn)
  • 50% reduction on cost-per-hire (LinkedIn)

And now, let’s look at the inverse. These stats shed light on what you have to lose if your employer reputation isn’t so great:

  • 50% of job candidates wouldn’t work for a company with a bad reputation – even for a pay increase (LinkedIn)
  • 86% of women and 67% of men in the United States wouldn’t join a company with a bad reputation (Glassdoor)

While employer branding has been a buzzword for a few years, its gaining even greater importance in recruiting talent in the current climate. 

Stay tuned for our blog on devising a successful employer branding strategy. 

employee loyalty

How to Gain Employee Loyalty to Survive the Staffing Crisis

By Kimberly Kafafian

As you’ve probably already heard, a record 4.5 million workers quit their jobs in December of 2021, and that month saw approximately 10.6 job openings. We aren’t really surprised by this latest report from the Bureau of Labor Statistics. As HR consultants, we’ve been seeing first-hand the impact the staffing crisis is having on our clients. And our clients aren’t alone as even we had turnover in December.  Business owners and C-Suite employees alike have been turning to us for solutions on how to keep their workers from searching for greener pastures. As we help these businesses address their retention issues, one of the first questions we ask them is, “What are you doing to encourage loyalty?” They often look at us confused and say something like, “We offer competitive pay and generous benefits.” Our reply, “That’s just not enough.” 

Even before the pandemic hit, millennials and Gen Z were looking for something more than just a paycheck when job searching. While they want fair pay, these generations also desire:

  • A company with a mission
  • Transparency around compensation
  • Diversity, Inclusion, Equity and Belonging
  • Meaningful work
  • Flexible work arrangements
  • Leaders committed to employee success
  • A culture that values collaboration, fosters innovation, and provides opportunities for professional development
  • A healthy work-life balance

And guess what? After living through the challenges of the pandemic, other generations of employees reassessed their work lives and came to the realization that they want the same things. So, they, along with their younger cohorts, started walking off their jobs to find employers who will provide them. This Great Resignation of millions upon millions of people has proven that a decent salary and nice benefits are not enough to garner employee loyalty – regardless of the age of your workforce.

10 Ways to Foster Employee Loyalty

If you want devoted employees who are committed to the company’s success and will stick with you for the long haul, take the time to create an employee centric culture. Here are some tips for doing so.

1. Promote a Purpose that Resonates with Employees

Today’s employees are seeking a sense of meaning from their work. They’re looking for employers with similar beliefs so that they can work together on a common purpose that has a positive impact. Especially after the last two years, and the shifting focus on ESG and sustainability, workers want to feel like they are making a difference in the world. So reassess your organization’s purpose and align it with the type of talent you want to attract.

2. Provide Flexibility

Flexibility in where we work and when we work has come to the forefront during the pandemic. Many employees have enjoyed working from home, as it has cut down on commuting time, providing a better work-life balance. Some are enjoying the freedom of working on their own time when they feel most productive, perhaps in the early morning hours or late at night. If possible, provide employees with the option of working from home, as well as during off hours. The goal is to cultivate a productive team, and if they are getting the work done, it shouldn’t matter if it is at the office or from 9-5.

3. Be Honest and Transparent

Loyal employees are invested employees. It’s important to be open and honest about plans, strategies and challenges. Being up front with your workforce, in good times and bad, makes them feel like they are part of the team and the bigger picture. Those feelings go a long way in gaining loyalty.

4. Communicate Clearly and Consistently 

Silence and/or inconsistent messaging leads to mistrust. And that mistrust chips away at any dedication you may have fostered. Leaders need to bolster relationships by keeping teams in the loop on projects, goals, milestones, and more. 

5. Encourage Professional Development

Today’s talent wants to connect with companies that care about career aspirations. We’ve been working on a career development project for one of our clients and it’s some of the most rewarding work we’ve done in years. Demonstrate to your workforce that you’re invested in their plans to grow professionally by showing real interest in their goals, defining a career development path, promoting educational training and courses, fostering a mentoring environment, and reminding them of the importance of their roles in the company. 

6. Recognize Work and Achievements

I always say that simple words of recognition, such as telling someone they did a great job, can go a long way. Giving praise to workers in front of their colleagues takes it even one step further. You can also bolster feelings of pride by providing workers with plaques or trophies, physical gifts, experiential rewards, or monetary rewards (bonuses or gift cards). 

7. Foster a Collaborative Work Environment

The most productive teams are those that collaborate and bounce ideas off one another. When teammates and leaders really listen to each other, innovative sparks can fly. Plus, this collaborative environment fosters relationships, which helps build loyalty to the team and the organization overall.

8. Demonstrate Trust

Stop micromanaging and give employees the autonomy they need to do their jobs. When employees feel leadership trusts them, they’re more motivated and productive. This cultivates feelings of mutual respect, which in turn makes them feel proud of where they work, making them more loyal to the organization. Demonstrating trust is particularly important with remote teams

9. Enable Employees to Flourish

It’s leadership’s job to make sure employees are on a path of productivity and professional development. When obstacles stand in the way of successfully completing projects or achieving career goals, workers become frustrated and start considering other job options. So make sure to identify any barriers to workflow, put workers on teams and projects that best fit their skillsets, and make a real effort to have career development discussions with employees.

10. Offer Perks of Value to Your Workers

Employee benefits should extend beyond the traditional health, dental and vision care. Take stock of your workforce to understand the types of perks that would appeal to them. Maybe it’s more time off, better parental leave, tuition reimbursement, gym memberships, shopping discounts, pet insurance, wellness stipends, or unique on-site amenities. There are so many options, you need to find what will make your employees happy.

Gaining employee loyalty really comes down to showing your workforce that they are recognized, respected and valued. When you build your culture around that notion, the loyalty will naturally develop.

 

   

recruiting retirees

Recruiting Retirees to Fill Workforce Needs

By Kimberly Kafafian

 

Everywhere we look, businesses of all sizes, and across all industries and locations, are suffering from unprecedented turnover and struggling to attract new talent. With staggering resignation rates and an incredibly tight labor market we couldn’t have imagined two years ago, organizations are currently focusing efforts on cultivating the right culture. As HR Consultants, we work day in and day out with business owners and C-suite leaders to rethink the employee experience and create an employee-centric environment designed around our new work world. After all, research clearly demonstrates the strong connection between culture and engagement, as well as culture and recruitment. But in my experience, this strategy isn’t sufficient on its own to lessen the blows brought on by the mass exodus of workers. We need to get more creative when it comes to recruitment. And one out of the box strategy is to actively pursue retirees. This is something hospitals have been doing since the outbreak of the pandemic, which we think the business world could greatly benefit from emulating.

Today’s Retirees Are Not Idle Workers

You may be thinking to yourself, “Wait, don’t people retire because they wanted to stop working?” Well, yes, some do. Others, however, leave their careers to pursue something different. Or to become consultants. Or to start new businesses. Or to spend significant time volunteering. And some just simply change their minds! The point is many of today’s retirees remain active in the business world. And even of those who don’t, a good percentage would consider being active once again. In fact, a recent survey of retired workers by Resume Builder found that 34% of retirees have considered going back to work because of job opportunities available in the current labor shortage. So, considering this group definitely expands your talent pool.

Benefits of Hiring Retirees

Back in 2019, Josh Bersin and Tomas Chamorro-Premuzic wrote an insightful article titled The Case for Hiring Older Workers. While it was written to offer one solution to the number of job vacancies outnumbering job applicants at the time, I believe it’s extremely apropos for today’s environment. The authors wisely dismiss outdated misconceptions that being older means being “less capable, less able to adapt, or less willing to roll up your sleeves and do something new than your younger peers.” They aptly point out that many people, especially those that had long and meaningful careers, like to work, as it allows you to give back, network with friends, and do something with your intellectual energy. But even more importantly, the authors highlight the benefits organizations gain by hiring older, experienced workers. 

Throughout my decades of work in the HR arena, I have engaged with workers across generations. I believe older workers and retirees can offer so much to an organization, such as:

  • Vast knowledge and expertise that only comes from years of work experience
  • Competence to be able to take on complex tasks or roles
  • Maturity to recognize they have nothing to prove
  • Ability to work well in a corporate setting
  • Cognitive diversity, which can boost productivity and spark innovation
  • Strong work ethic
  • Enthusiasm – which can be contagious

While “returnships” typically relate to women returning to the workplace after substantial periods, some companies are using them to invite older workers to come back. With so many amazing benefits, I’m a strong proponent of “retiree returnship”. It will not only help fill current talent needs; it can also make the organization stronger overall.

Ensuring a Successful Returnship

For a retiree returnship to work as envisioned, companies need to create an environment where retirees want to work and where they can thrive. Here are a few suggestions:

  • Be flexible in terms of schedule and remote work
  • Help retirees adjust back into the workplace with a formalized training process as needed, i.e., new skill sets or technology
  • Team retirees with other employees who can answer questions and provide support
  • Offer opportunities for mentoring and reverse mentoring
  • Promote your corporate culture and purpose in job postings so retirees can get excited about working for your organization
  • Provide benefits retirees care about, such as dental plans, vision plans, and other perks

The tight labor market doesn’t show signs of easing any time soon. Recruiting retirees can help companies fill vacancies and build a stronger organization overall.

non monetary incentives for employees

7 Types of Non-Monetary Incentives for Employees

By Kimberly Kafafian

 

Some of the worst career decisions I made were for bumps in my paycheck. Even worse, there was a direct correlation between more money and more misery. I remember sitting at my desk, working for a then Fortune 100 company thinking, “What had I done?” (That particular company paid employees 40% higher than other companies so you were “locked” into staying.)  As I continued to navigate my career, I realized there was so much more to work than a paycheck. While $$$ might initially attract talent, it isn’t enough to motivate and retain talented workforce in the long-term.  

I think it’s gotten even more complicated with today’s workers who are looking for more personalized incentives. While salary is important, living in a COVID world for the last two years has spurred workers across the generational divide to reassess their priorities. They want more than a paycheck; they want to be appreciated, valued and considered. They want work/life balance. They want flexibility. They want to be seen and heard. And as the Great Resignation has greatly demonstrated, millions of workers are taking a stand with their demands. Yes, that is millions of workers for whom money was not enough to keep them engaged, loyal, or in place. 

So if money isn’t talking to these workers, what is? At Monarch Consulting, we help businesses identify what incentivizes work for their work segments. And I can tell you that incentives vary from sector to sector, business to business, and team to team. When it comes to incentives, it’s all about the experience. So, it’s important to dig deep and ascertain what drives your teams. What matters to them? What would they consider significant recognition? 

As you dive into the desires of your employees, it’s important to have an understanding as to why utilizing non-monetary incentives is so beneficial to your organization. 

Benefits of Non-Monetary Incentives:

More memorable than money. 

Think back to when you received a last bonus or other cash incentive. Do you remember the amount? What you spent it on? I’m going to guess probably not. But if you received a trip, a spa day, or a physical reward, chances are those incentives are tied to stronger memories.

High value to cost ratio. 

When receiving a monetary reward, much is tied to the amount of that reward, and disgruntlement can quickly arise. With non-monetary rewards like a concert or time off, the value the workers assign to the reward tends to be greater than the actual cost of the reward itself.

Easier to talk about with colleagues. 

It’s been drilled into our heads – at least through my generation – that you never talk about money. So, when workers receive monetary rewards, they may not be comfortable sharing this information with their colleagues. Take the financial sum out of the equation and those same workers will probably be excited to share the news about the reward they received.

Greater emotional connection. 

This benefit best relates to physical rewards like trophies or plaques. There is a special feeling of pride tied to receiving these awards in front of teammates or other work colleagues. 

Highly attractive to millennials and Gen Z. 

As mentioned above, these two generations in particular are centered on so much more than a paycheck. They’re looking for organizations that offer perks other than a good salary or potential bonuses.

These benefits really hinge on organizations developing a variety of non-monetary perks that best fit their workforce. It’s important for HR teams to work together with management, supervisors and the C-suite to devise an appropriate incentives program. Not sure where to start? Here are some ideas to help you along.

Examples of Non-Monetary Benefits to Help Attract, Motivate and Retain Your Workforce

1. Flexibility

Everyone wants their employers to be more flexible these days for a better work-life balance. Allowing greater flexibility related to where you work and when you work can make a world of difference to your workforce. It shows you value the employee’s time and that you trust them to get the work done. 

2. Public Recognition

I have always been a huge proponent of saying thank you to employees and acknowledging their work. I find that this on its own is a powerful motivational tool. Now, take it one step further, by giving praise to workers in front of their colleagues. And go even further by awarding them a plaque, trophy or social media badge they can display with pride. There is a huge emotional attachment here.

3. Time Off

Let’s face it, the last two years have led to a lot of burnout. We all could use a little extra time off to reset. Awarding a day-off is a great way to recognize the hard work your team is putting in – and a great motivator to keep giving your all.

4. Experiential Rewards

Experiences are a great incentive. It can be a spa day, sporting event, trip, wine tasting, Masterclass, concert or other experience your team would enjoy. This will hold a stronger memory than a monetary reward. 

5. One-on-One Time

Consider breakfast, lunch or dinner with the boss. The time taken for these one-on-one meetings demonstrates your appreciation and makes workers feel noticed and recognized.

6. Physical Rewards

Physical rewards can go beyond plaques and trophies. Cool gadgets, golf clubs, and wine or coffee subscriptions are just a few examples of some non-monetary rewards.

7. Opportunity for Personal Development

Recent research reveals the strong correlation between career development and employee engagement. The 2021 Talent Index found 83% of employees think their company should help with career progression. This is underscored by a Lattice survey in which a staggering 76% of respondents said they would be somewhat or very likely to leave a company because they were dissatisfied with career progression opportunities. It’s obvious that career development opportunities – trainings, courses, workshops – are highly valued by employees.

Today’s labor market is a tight one. Stand out by offering the right non-monetary incentives for your organization’s workforce.

employee performance discussion

When Should Employee Performance Problems Be Discussed? (Hint: It’s in Real Time)

By Kimberly Kafafian

 

An essential part of managing employees is addressing performance issues. I admit, even for the most seasoned People Managers and HR professionals, these are not fun conversations. These conversations are, in fact, one of the most challenging aspects of a manager’s role. Because of that, managers quite often (ok, almost always) delay having these discussions. But delaying talking to an employee about their less than positive performance is detrimental to everyone.

Monarch is located in the NY tri-state area and we often commute into Manhattan to meet with clients. Our commute puts us on trains operated by the Metropolitan Transportation Authority, or MTA. The MTA has a slogan for commuters: If You See Something, Say Something (which was coined on Sept. 12, 2001). Good performance management is just like that: done in real time. 

All too often, performance problems are brought up for the first time during annual performance reviews. When you wait too long to raise performance concerns, you unleash a host of problems:

  • The employee may be under a false impression that they are doing a good job. As an HR professional, I all too frequently hear, “No one has ever said anything to me before about concerns with my performance.” If nothing is mentioned (and more importantly, documented), the employee’s actions may seem acceptable and then the person will see no reason to change. Plus, if you terminate after this one mention at such a late date, you open up the possibility of legal action for unfair dismissal.
  • At this point, it is often too late to fix the issues as the unproductive behaviors exhibited by the employee have become commonplace, deteriorating the manager-employee relationship. Said differently, your employee now has an unproductive habit that wasn’t kept in check.
  • You missed the opportunity to quickly correct the performance issues, which negatively impacts not only the employee’s performance, but the performance and value of the entire company. The moment you see behavior that needs correction, correct it. Let’s face it, People Managers, that’s part of your J-O-B.

Discuss Performance Issues with Employees

When they First Arise

Hoping that the employee’s performance issues will go away is wishful thinking. If no one told the employee that there was an issue, how would they know they should work on it? You need to have a discussion with the employee as soon as you are aware of the performance problem. Here are some reasons why it’s so important to do so:

  1. It ensures that the manager and the employee are in sync of what is expected.
  2. It helps the employee better understand what is needed for good performance.
  3. It provides an opportunity for the employee to correct the issue.
  4. A quick resolution leads to better outcomes for the organization overall as the issue could also be hindering the work of colleagues or subordinates.
  5. Providing regular feedback, both positive or negative, helps build better working relationships and trust.
  6. Giving feedback in smaller doses, more frequently, can help employees maximize their strengths and grow.
  7. It ensures that the feedback is current and in context, rather than out of date and irrelevant.
  8. During the annual performance review, there should be NO surprises. Both of you should be going into this conversation on a level playing field. 

Nobody likes having tough conversations, but it’s important not to put them off. And honestly, the more often you have these conversations, the easier they become. Frank and timely discussions with employees about their performance problems can help them improve, which is good for the employee, good for the employer, and good for their relationship.