JULIE BAUKE OF THE BAUKE GROUP JOINS DAWN LIVE - WHAT ARE THE REMOTE OPPORTUNITIES LOOKING LIKE IN 2024? CAN YOU ONLY ADVANCE ONLY IN PERSON? HOW CAN COMPANIES RETAIN WORKERS? JULIE EXPANDS ON THE SECOND PROMPT REGARDING EMPLOYEE RETENTION.. HOW CAN AMERICANS CHASE CAREER GOALS IN THIS ECONOMY? HOW TO IMPLEMENT SHORT TERM GOALS TO FIND LONG TERM SOLUTIONS... JULIE COMMENTS ON ALL THIS...
(Business Insider)
Employees do pay a professional price for being able to work from home, a recent survey found.
Remote employees were the least likely to get promotions and raises in 2023, according to a survey from Resume Builder that surveyed 1,190 full-time employees in December.
The survey... found just 42% of remote workers surveyed got a promotion in 2023, as compared to 55% of those in the office all the time.
As for raises, just 41% of remote workers got a 10% raise or more while about 50% of fully in-office and hybrid staff got the same raise.
However, remote employees also appear to be happier.
Employees who were in the office fully reported more stress and unhappiness at work, with 11% of full in-office employees rating their mental health as "poor or terrible" as compared to 8% of remote workers. Another 43% of fully in-office employees said they were "very stressed" against 30% of remote workers.
Perhaps unsurprisingly, half of the fully in-office employees said they will be seeking a new job next year, while just over a third of remote workers said they would do the same. Read more.
(HR Brew)
Retention bonuses aren’t anything new. But one that relies on what your coworkers are doing? That’s not something you see every day—unless you work at Stella & Chewy’s.
The pet food company’s Wisconsin manufacturing site, which employs over 600 of its nearly 800 global employees, has struggled with retention in recent years, said Bruce Larson, chief people officer at Stella & Chewy’s, with its voluntary turnover rate hitting 62% in 2022...
He hopes his company’s new retention plan will help dramatically decrease their voluntary turnover rate.
What’s the plan? Earlier this year, Stella & Chewy’s announced the Stay Plan to boost retention. It incentivizes manufacturing workers, dubbed “production pack members,” to stay with the company by offering $15,000 bonuses if the site’s overall voluntary turnover rate drops below 23% in three years. All manufacturing employees at the Wisconsin site, at the end of three years, are eligible for the bonus. Read more.
Will this help keep workers from quitting?
What's the takeaway for workers? Must we choose between career advancement and being happy? Julie Bauke (rhymes with NOW-kee) is Founder and Chief Career Strategist with The Bauke Group. Julie also worked for 16 years in HR. She is the author of the book, Stop Peeing On Your Shoes: Avoiding the 7 Mistakes That Screw Up Your Job Search.
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