Although the recent pandemic has caused an increase in unemployment, the war for talent continues. Even though the US is reporting an unemployment rate of 10.2% (July 2020) there are still many jobs that are difficult to fill. Here are a few startling statistics.
It is without question that COVID-19 has had a devastating impact on the economy. We’ve seen unemployment rates rise to numbers we haven’t seen since the Great Depression. In response to the pandemic, a large majority of businesses have needed to conduct layoffs and furloughs. Several have been forced to shut their doors and completely close down. Here is the good and bad news.
The work environment today is significantly different from what it was a few months ago. The strategies previously used to achieve work-life balance may need to be adjusted to account for the current COVID-19 situation. Work-life balance is key to employee satisfaction, employee retention, and increased productivity. Here are some tips that you, as an employer, can adopt to navigate this new world and restore employee work-life balance.
Effective June 2020, the U.S. Department of Labor (DOL) updated certain optional Family and Medical Leave Act (FMLA) forms. The DOL does not require the use of any specific forms or format and in fact, employers may use their own forms. However, the optional forms are simpler and easier for employees, employers, leave administrators and health care providers to understand and use.
Before COVID-19 only a handful of people worked from home. It was a privilege enjoyed by the few. But COVID-19 forced many companies to provide work from home arrangements for business continuity. Now, many of those companies are considering making remote work permanent. Here are some recent statistics about remote work and telecommuting.
Austinites, pat yourselves on the back. Compared to other major U.S. metropolitan cities Austin, TX ranks in the top ten in startups, women-owned firms, minority entrepreneurs, and business owners with STEM degrees, just to name a few. The report also gives interesting insights into what business owners list as factors that negatively affect their profitability. Here are the highlights from the Austin Chamber report.