The C Sheet | September 24th
From Attrition to Attraction
Approximately 15 million US workers have left their jobs since April of this year. Companies who make rash attempts to keep their employees without understanding why they’re leaving—or where they’re going—fail to make progress. With workers on the move, how do you attract talent rather than lose it? ‘Great Attrition’ or ‘Great Attraction’? The choice is yours (McKinsey)
Between 2018 and 2020, almost 60% of Amazon’s lowest paid workers were Black or Hispanic, and more than 50% were women. While Jeff Bezos’s fortune grew $86 billion dollars during the pandemic, many employees say the company’s wealth isn’t reaching hourly workers. Amazon’s workforce split sharply along the lines of race and gender, new data indicates (Seattle Times)
An Exodus of Essential Workers
Low wages, high demands, and hope for a better work experience led to the Great Resignation. But when employees reach their breaking point and leave their bad job, do they wind up in another? Service workers share their stories: When quitting your job feels like the only option (Vox)
Raising the Employment Bar
Vivian Chen launched her startup Rise to create a talent community for women. Based on the belief that “the work of work was broken,” her business provides jobseekers more control of their work experience than they would find in traditional employment opportunities. Reimagining the Job Hunt for Work’s Flexible Future (Forbes)
“Water Cooler Innovation”
People thought switching to remote work would be difficult, but getting employees back to the office is proving to be a lot harder. Tech companies pay big rent bills in hopes that bringing people together will spark innovation—but does it? Silicon Valley finds remote work is easier to begin than end (AP News)
The Holiday Season is Among Us
Due to the labor shortage, retailers are scrambling to meet the demand of the upcoming holiday season. Instead of hiring more seasonal workers, Target plans on existing staff to work 5 million more hours, and launched an app that allows workers to pick up extra shifts. More hours, pay and flexibility: What Target’s holiday hiring plans say about the labor market for retailers (CNBC)
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