The majority of current layoffs have been in the tech industry, but there have also been significant layoffs in industries such as healthcare, tourism/hospitality, retail, manufacturing, construction, and transportation/warehousing. Although layoffs have always been an issue, the recent increase is due to the COVID-19 pandemic, which led to supply chain disruptions, an economic slowdown, and inflation. According to the International Labour Organization (2022), the pandemic is estimated to have pushed global unemployment to 200 million in 2022, up from 186 million in 2021. This represents an increase of 14 million in just one year. The ILO estimates that the global labor market will not fully recover from the pandemic until 2025.
Tag Archives: Employee Experience
3 Steps to Boosting Employee Engagement on Mondays
We have all felt the impact of a long week. Friday arrives and seemingly everyone is awaiting the end of the day with more excitement than is ever brought to the arrival of Monday. You begin hearing statements such as ‘Do you have plans for the weekend?’ or ‘Thank God it’s Friday!’ Looking forward to the weekend seems to be a favorite pastime for so many.
The challenge of keeping employees engaged during the week has become an even greater obstacle as we navigate the COVID-19 pandemic and adjust to remote workers and hybrid workdays. As a leader, empowering the start of each week plays a critical role in how your team approaches success. You can greatly influence the mindset, rhythm and temperature of your team by making sure everyone begins the work week with as much positivity and excitement as possible.