It's a strange and scary time to be an employee. With Amazon being the latest to announce layoffs, the mood this month, as we go into Thanksgiving, is uncertain.
In this edition, we will cover preparing for a layoff, pay transparency, and finding your own strengths, among other interesting stories from the world of work in the last 30 days.
Jumping right in!
To Listen 🎧: How to navigate a layoff
It's the season for layoffs. And while there can be many reasons for a layoff, for the individual, it's always personal, it's always difficult, and there's no perfect way to prepare for it.
Perhaps, the next best thing to do is to hear from those who've been through it and maybe take some heart from the fact that they survived, and even thrived. Here's one you could listen in to.
Extra: Did you know Josh Bersin was laid off multiple times? This was before he became the HR guru you know him as today. You can hear his account here.
To Read 👀: The greatest loophole in the US pay transparency policy
Bonuses!
Bonuses are discretionary. Even when one’s basic salary is the same, bonuses can continue to perpetuate disparities in pay. An ADP study reveals that the bonus amount for women was less than two-thirds of the amount paid to men who had equivalent base pay, age, and tenure. And then performance reviews. That’s another place where bias thrives. A 2015 study shows that men earn 35% more performance bonuses than women.
Pay transparency is, undoubtedly, a great step in the right direction. But we must all agree that it is still just the first step.
To Read 🛋️: Should there be a monetary ROI for DEI efforts?
Do you often get asked about how DEI efforts will impact your company’s bottom line?
Professors Oriane Georgeac and Aneeta Rattan who published a paper on this say, “The business case for diversity backfires because it sends a subtle yet impactful signal that organizations view employees from underrepresented groups as a means to an end.”
But theirs is not the only opinion. Check out this article for opinions from different thought leaders on the subject.
To Try 💬: This Thanksgiving, hold a gratitude circle with your team
You know that good feeling when someone thanks you or when you express gratitude to someone; well, science says it reduces stress and improves job satisfaction too. Even though it may sound mushy to you, this Thanksgiving, hold a gratitude circle with your team and see how that boosts the overall mood and camaraderie of your team. The how, what & why - that’s covered in this exercise briefing from GGSC.
To reflect 🎭 : A science-backed way to find your greatest strengths
This is one of our favorite tests in the world!
It is free. It is scientific. And it won’t take you more than 10 minutes. But that’s not why it is our favorite. This Character Strengths survey from VIA points you towards things that you value based on your character, giving you a clear perspective on what you should do more or less of to be happier. Try it out!
To Listen 🎧: Employees are wielding the power in the employer-employee relationship. How long will it last though?
Tanuj Kapilashrami, Head of Human Resources at Standard Chartered talks about how the employee-employer dynamic has shifted, how Standard Chartered is embracing the new dynamic, and what the future looks like.
Here’s what we loved most!
💛 Standard Chartered’s data-led approach to going hybrid
💛 Co-creation of solutions with employees
💛 Standard Chartered’s Inclusion Index
To watch 📺: The connection between people and HR data
From managing headcount to prepping workflows based on data, listen to Hacking HR’s panel discussions on People Analytics. Also catch our Co-founder and CEO, Kiran Menon talk about how data can help increase collaboration between cross-functional teams and systems - find it at 15:00 - 1:07:00 in this video!
Automate employee background checks with Tydy
Average monthly searches on Google for ‘employee background checks’ has doubled from 2020 to 2022 - that’s huge! Are you also looking for ways to speed up and improve your employee background verification process? Then you need to see how Tydy does it!
Tuvalu to preserve the country with Metaverse
As rising sea levels threaten to submerge the Pacific island nation, Tuvalu plans to create a digital version of itself to preserve its landmarks, culture and history. In fact, the Foreign Minister of the country spoke about the digital preservation plan from within the digital replica of one of Tuvalu's islands. Check it out.
🍁 Before we sign-off, hope to see you today at 4.00 pm IST / 6 am ET for Tydy Tea Time on Linkedin where we will talk about Layoffs: Why Now and What Next
Like ❤️ what you’ve been reading on Tydy Up?
Until next time.
Happy Onboarding!
Team Tydy
It's a strange and scary time to be an employee. With Amazon being the latest to announce layoffs, the mood this month, as we go into Thanksgiving, is uncertain.
In this edition, we will cover preparing for a layoff, pay transparency, and finding your own strengths, among other interesting stories from the world of work in the last 30 days.
Jumping right in!
To Listen 🎧: How to navigate a layoff
It's the season for layoffs. And while there can be many reasons for a layoff, for the individual, it's always personal, it's always difficult, and there's no perfect way to prepare for it.
Perhaps, the next best thing to do is to hear from those who've been through it and maybe take some heart from the fact that they survived, and even thrived. Here's one you could listen in to.
Extra: Did you know Josh Bersin was laid off multiple times? This was before he became the HR guru you know him as today. You can hear his account here.
To Read 👀: The greatest loophole in the US pay transparency policy
Bonuses!
Bonuses are discretionary. Even when one’s basic salary is the same, bonuses can continue to perpetuate disparities in pay. An ADP study reveals that the bonus amount for women was less than two-thirds of the amount paid to men who had equivalent base pay, age, and tenure. And then performance reviews. That’s another place where bias thrives. A 2015 study shows that men earn 35% more performance bonuses than women.
Pay transparency is, undoubtedly, a great step in the right direction. But we must all agree that it is still just the first step.
To Read 🛋️: Should there be a monetary ROI for DEI efforts?
Do you often get asked about how DEI efforts will impact your company’s bottom line?
Professors Oriane Georgeac and Aneeta Rattan who published a paper on this say, “The business case for diversity backfires because it sends a subtle yet impactful signal that organizations view employees from underrepresented groups as a means to an end.”
But theirs is not the only opinion. Check out this article for opinions from different thought leaders on the subject.
To Try 💬: This Thanksgiving, hold a gratitude circle with your team
You know that good feeling when someone thanks you or when you express gratitude to someone; well, science says it reduces stress and improves job satisfaction too. Even though it may sound mushy to you, this Thanksgiving, hold a gratitude circle with your team and see how that boosts the overall mood and camaraderie of your team. The how, what & why - that’s covered in this exercise briefing from GGSC.
To reflect 🎭 : A science-backed way to find your greatest strengths
This is one of our favorite tests in the world!
It is free. It is scientific. And it won’t take you more than 10 minutes. But that’s not why it is our favorite. This Character Strengths survey from VIA points you towards things that you value based on your character, giving you a clear perspective on what you should do more or less of to be happier. Try it out!
To Listen 🎧: Employees are wielding the power in the employer-employee relationship. How long will it last though?
Tanuj Kapilashrami, Head of Human Resources at Standard Chartered talks about how the employee-employer dynamic has shifted, how Standard Chartered is embracing the new dynamic, and what the future looks like.
Here’s what we loved most!
💛 Standard Chartered’s data-led approach to going hybrid
💛 Co-creation of solutions with employees
💛 Standard Chartered’s Inclusion Index
To watch 📺: The connection between people and HR data
From managing headcount to prepping workflows based on data, listen to Hacking HR’s panel discussions on People Analytics. Also catch our Co-founder and CEO, Kiran Menon talk about how data can help increase collaboration between cross-functional teams and systems - find it at 15:00 - 1:07:00 in this video!
Automate employee background checks with Tydy
Average monthly searches on Google for ‘employee background checks’ has doubled from 2020 to 2022 - that’s huge! Are you also looking for ways to speed up and improve your employee background verification process? Then you need to see how Tydy does it!
Tuvalu to preserve the country with Metaverse
As rising sea levels threaten to submerge the Pacific island nation, Tuvalu plans to create a digital version of itself to preserve its landmarks, culture and history. In fact, the Foreign Minister of the country spoke about the digital preservation plan from within the digital replica of one of Tuvalu's islands. Check it out.
🍁 Before we sign-off, hope to see you today at 4.00 pm IST / 6 am ET for Tydy Tea Time on Linkedin where we will talk about Layoffs: Why Now and What Next
Like ❤️ what you’ve been reading on Tydy Up?
Until next time.
Happy Onboarding!
Team Tydy
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