Quick look: A new year is upon us, and it’s a good time to reflect on what has happened in the HR industry in 2022. From the ongoing Great Resignation to a range of newly enacted laws, ExtensisHR has kept a pulse on it all. Here are our five most-read HR blogs this year, which will continue to provide much-needed insight in 2023.
2022 was another landmark year for the human resources (HR) industry. The Great Resignation continued, the importance of tailored benefits became even clearer, businesses focused on honing their culture and HR-related strategies, and many new laws and regulations were unveiled.
Our five most-read HR blogs in 2022 for employers and small businesses reflected these trends and will continue to provide helpful information as we move into the new year and beyond.
Every business’ success is rooted in the energy of its employees. In fact, Forbes reports that highly engaged teams are 21% more profitable. It’s clear that maintaining an energetic, inspired workforce is critical, but how should managers keep their staff motivated?
This blog answers that question by offering 10 tips to re-energize teams that may be experiencing burnout or disinterest:
- Get to know team members and their personalities
- Encourage continuous creativity
- Ask for feedback
- Celebrate special occasions and milestones
- Learn from employees
- Keep the big picture in mind
- Be empathetic
- Shift strategies, when necessary
- Be a role model
- Say “thank you”
Without data backing them, business strategies are simply a hope for the best. That proves true for HR plans, as well. This blog explores 14 key HR metrics that are valuable for businesses to track and how to calculate them:
- Employee net promoter score (eNPS)
- Turnover rate
- New hire or early turnover
- Average time to fill
- Offer acceptance rate
- Absence rate
- Absence rate per manager or department
- Employee satisfaction
- Training cost per employee
- Training time per employee
- Cost per hire
- Revenue per employee
- Employee performance
- Promotion rate
Recruiting continues to be a top HR concern for businesses everywhere, with 65% of executives recently reporting that it is their biggest challenge this season.
Luckily, ExtensisHR’s recruiting experts have weighed in on three tried-and-true methods to enhance a business’ talent acquisition process. This blog takes a deep dive into the following:
- Focusing on the candidate experience by reviewing your application flow and focusing on feedback.
- Establishing a recruiting process and timeline by determining objectives and aligning them with overall business goals, building an official recruiting strategy, sourcing candidates, and measuring the success of hiring efforts.
- Understanding the job market, including where candidates are most active, what they are looking for when it comes to company culture, and the need to interview and send offer letters as rapidly as possible.
Many new HR-related and employment laws took effect this year, and although they may be active already, it’s helpful to brush up on your knowledge of them.
This blog reviews several important laws and mandates that affected small- and medium-sized businesses (and their brokers) this year, including:
- OSHA requirements for COVID-19 vaccinations
- The No Surprises Act
- HIPAA-compliant wellness incentives
- The New York City salary transparency mandate
- Minimum wage adjustments
- Connecticut Family and Medical Leave Act (FMLA)
Experiencing the loss of a loved one is a very unfortunate circumstance, and many workers look to their employers to support them during this difficult time by offering paid bereavement leave (especially since no federal law requires businesses to provide it).
The Society for Human Resource Management found that, on average, employers provide the following amount of leave for different scenarios:
- Four days for the death of a spouse or child,
- Three days for other family members, like a parent or sibling,
- One day for an extended family member, like a cousin or uncle,
- And zero days for a friend, neighbor, or coworker
Traditional bereavement policies become murky when the situation involves unmarried partners or loved ones who are not blood-related. And in many cases, this time is not enough to grieve and may contribute to a decrease in overall business productivity—it takes an estimated 540 hours to settle the affairs of the deceased, and the emotional toll a loss can take is unquantifiable.
This blog explores how SMBs can rethink how they approach bereavement, from providing more time off, implementing “leave donations,” providing a flexible work schedule, and more.
HR help all year long
While the HR professionals at ExtensisHR provide SMBs with a variety of timely, relevant HR blogs, that’s not all we do.
- HR services, including HR guidance, payroll management, tax administration, and more
- Benefits administration and management and a range of Fortune 500-level benefit plans
- Risk and compliance services
- Full-cycle recruiting services, included at no extra cost with our PEO solution
- A mobile-first Work Anywhere® platform
- PEO Premier®, a fully outsourced, white-glove PEO offering
HR is constantly evolving. If your organization could use an extra set of hands to navigate it all, contact the experts at ExtensisHR today.