During the season of thankfulness, it is important that we stop and reflect. In today's fast-paced business world, fostering a culture of gratitude is essential for creating a thriving workplace. Companies prioritizing employee satisfaction and expressing appreciation tend to experience higher productivity, lower turnover and a more positive work environment.
The labor market added 150,000 jobs in October, below the 170,000 estimate and well below the 12-month average of 258,000 jobs added. In addition, the unemployment rate ticked up to 3.9%. It is still historically low but the highest since January 2022. The market is still showing solid jobs growth, but the October report clarifies that the market is cooling.
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These attributes are crucial to help organizations win the talent retention battle.
In my last column, I reviewed what employees most want from their immediate manager. My research identified eight universally preferred managerial attributes: showing support and understanding, treating employees with dignity and respect, communicating clear performance expectations, providing recognition, rewarding performance contributions, being skilled at problem solving and decision-making, being just and fair, and being honest and trustworthy.
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The labor market added 336,000 jobs in September, almost DOUBLE predictions - making it the most significant job growth month since January 2023. The labor market remains resilient, with the strong pace of hiring keeping the unemployment rate from rising.
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