HR Roundup: ‘Great Resignation’ Over?

• The “Great Resignation” may be over, according to the latest federal data. The movement has been losing steam throughout 2023, as this infographic shows.
• Inflation is a key factor for employee stress, according to a new survey conducted by PNC Bank. Employers may want to consider offering financial wellness benefits — like a session with a financial advisor — to help meet employees’ needs, the bank suggests.
• In this guidance, OMA Connections Partner CliftonLarsonAllen advises employers to focus on payroll benefits, including paid time off plans, to boost recruitment and retention.
• OMA Connections Partner Fisher Phillips has published guidance on the things employers should know about the National Labor Relations Board’s new rule allowing “quickie” union elections.
• In response to another recent NLRB action, Fisher Phillips has published this eight-step plan addressing how employers can respond to union recognition demands.
• Fisher Phillips has also authored new guidance to help employers prepare for the U.S. Labor Department’s proposed overtime rule, which could raise the salary floor to $55,000.
• The U.S. Equal Employment Opportunity Commission has proposed a broad approach to implementing the Pregnant Workers Fairness Act, according to insight from OMA Connections Partner Dinsmore. (Additional summaries on this development have been published by OMA Connections Partners Thompson Hine and Frantz Ward.)
• Under pressure from employers and retirement plan recordkeepers, the IRS has announced a delay in the $145,000 Roth catch-up rule, according to OMA Connections Partner Vorys.

Meanwhile, SHRM has published this article providing expert insight on “last chance agreements,” which provide workers facing discharge a final opportunity to remain employed. 8/30/2023