National Safety Month: How Are You Keeping Your Employees Safe? + HR Leadership on the Rise: Projected 5% Growth from 2022 to 2032
National Safety Month: How are you keeping your employees safe?
Per the National Safety Council, nearly 13,000 American workers are injured every day – that’s one every 7 seconds.
While June is National Safety Month, prioritizing the safety of employees is an everyday, all year long mission. Each week of June, the National Safety Council will focus on different aspects of safety – Safety Engagement, Roadway Safety, Risk Reduction, and Slips Trips and Falls.
As we move into Risk Reduction for workplace injury, here are the most to least effective Hierarchy of Controls from the National Safety Council:
Elimination: physically remove hazards
Substitution: replace hazards with safer alternatives
Engineering controls: isolate people from hazards
Administrative controls: change the way people work
PPE: protect workers with personal protective equipment
Whether it's on the shopfloor or in the office, safety is an integral part retaining, supporting, and investing in your people.
HR leadership on the rise: projected 5% growth from 2022 to 2032
According to BLS, employment of HR managers is projected to grow 5% from 2022 to 2032, faster than the average for all occupations.
In terms of job outlook, many of these HR openings are expected to occur due to the need to replace workers who transfer to other occupations or exit the workforce entirely.
As this field grows, it's crucial that HR managers are equipped to ensure compliance, optimize HR processes and practices, and address the gaps in their own organization to move the needle on people-based solutions.
HTI is a holistic hiring and HR partner, focused on helping companies navigate HR practices and policies. Access our HR Checklist today.
Burnout at large companies
As reported by LinkedIn News, U.S. employees at larger companies are more likely to feel stuck or burnt out on the job than other workers.
But what leads to burnout? Here are a few causes identified by HBR.
Unmanageable workloads
Tight deadlines/unreasonable time constraints
Lack of communication & support from leadership
A team that is understaffed or struggling with stress and time management may be even more susceptible to burnout. While it may be easier for burnout to fly under the radar at a large company - don't let it. Work with a staffing partner who ensures your team is fully supported.
How interest rates affect manufacturing growth: May PMI
May's Manufacturing PMI report from the Institute for Supply Management registered at 48.7%, contracting for the second consecutive month due to lack of demand.
Based on this Manufacturing Dive article, the uncertainty of when interest rates will be cut later this year has caused manufacturing companies to focus on liquidity and be more cautious with any form of investment such as new orders or capacity.
Early May, the Federal Reserve stated it does not plan to reduce interest rates until it has "greater confidence that inflation is moving sustainably toward 2 percent."
May's Consumer Price Index (CPI)
The Bureau of Labor Statistics reported that the CPI for All Urban Consumers was unchanged in May on a seasonally adjusted basis after rising 0.3% in April.
Here are some details from the latest release:
In the last 12 months, the all items index rose 3.3% before seasonal adjustment
All items less food and energy index increased 3.4% over the last 12 months
The energy index increased 3.7% for the 12 months ending in May
The food index increased 2.1% over the last year
An unchanged CPI may signify cooling inflation, which could be good news for those watching to see if the Federal Reserve will cut interest rates before the end of the year.