SHRM Blog

Sam Bankman-Fried's Double-or-Nothing Philosophy Brought Down FTX

by Dr Gleb TsipurskyOn January 19, 2023 0 comments

“Let’s say there’s a game: 51%, you double the Earth out somewhere else; 49%, it all disappears. Would you play that game? And would you keep on playing that, double or nothing?” That’s what Sam Bankman-Fried (SBF),
the former CEO of FTX, was asked in a March 2022 podcast with Tyler Cowen.

The vast majority of us would not take the risk of playing that game even once. After all, it seems morally atrocious to take a 49% chance of all human civilization disappearing, for a 51% chance of doubling the value of our
civilization–essentially a coin flip.

Yet SBF...

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Turning Challenges Into Opportunities in 2023

by Don MacQuattieOn January 18, 2023 0 comments

As we wish our colleagues, family and friends happy new year, many investors are saying good riddance to 2022. Stocks and bonds were BOTH down double digits. Thanks to an inflationary environment and Fed rate hikes, markets have given back the growth we have enjoyed over the last few years.

An important topic for the finance industry for sure, but why am I writing this in an HR Blog? Well because your 401(k) or 403(b) Plan turns your employees into investors. And decisions they make during periods of market volatility can have a significant impact on their professional and...

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How Healthcare Organizations Can Build Solid ESG Policies

by Ben FrasierOn January 17, 2023 0 comments

With ESG issues playing an increasingly central role in organizations across the globe and governments taking ever more firm stances on policies that reflect ESG values, companies are facing the pressure to adopt ESG measures.

The good news is that efforts to track your organization towards ESG adoption is a bet on a winning horse. With 87 percent of the next generation of leaders, today’s millennials, believing that ESG is important, those companies who adopted ESG practices over ten years ago are ahead of the curve, but those who start today...

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Bridging the Skills Gap and Investing in Human Capital

by Sue WarmanOn January 12, 2023 0 comments

Whether you work in for-profit or in nonprofit like me, your organization may be preparing for a recession. That means making difficult decisions that make the most sense for long-term business success. As costs go up, you may feel the stress of budget cuts, especially at year-end.

No matter where you are in the world, many industries are already facing challenges, including the Great Resignation, staff recruitment and retention and end-of-year hiring freezes. At times like this, you should bolster your commitment to helping your people grow. And they need to know...

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9 Outbound Recruiting Strategies To Hire Faster

by Brett FarmiloeOn January 11, 2023 0 comments

From going that extra mile managing your contacts to using the boolean search method, here are nine answers to the question, "What's one outbound recruiting strategy that you use to hire faster?"

Go the Extra Mile Managing Your Contacts

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Potential of AI in SHRM

by Binaya Bhusan PandaOn January 10, 2023 0 comments

HR Strategy for the millennium, which is based on new technology and innovation, where HRBPs are playing a vital role in business growth. New technology is the potential point and enhanced efficiency to empower change in management framework, L&D, and organizational culture. The journey of intelligent HR practice and AI for building, in the future workplace is taking a new turn to reduce business complexities, create a more competitive marketplace, and make our future easier. ...

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17 Things Your HR Team Can Do During a Hiring Freeze

by Brett FarmiloeOn January 9, 2023 0 comments

What's one thing HR teams should do during a hiring freeze to turn it to their advantage?

To help you maximize your time, even during a hiring freeze, we asked HR experts and business leaders this question for their best pieces of advice. From redirecting your efforts to employee well-being to involving your staff’s advice, there are several recommendations that may help you keep...

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14 New Year Resolutions HR Leaders Are Making

by Brett FarmiloeOn January 6, 2023 0 comments

From continuous improvement even mid-deployment to being comfortable with the uncomfortable, here are 14 answers to the question, "As an HR leader in your organization, what are some work-related New Year’s resolutions or goals you are setting and why?"

Continuous Improvement Through Project Development

Receive CliftonStrengths Coaching Certification

Focus on Alignment & Balance

Dedication to Employee Experience

A “Rest as Prevention” Strategy

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How to Make a Business Case for DEI&B at your Company

by SHRM StaffOn January 5, 2023 0 comments

Workplace culture continues to come under scrutiny in today’s constantly changing and highly competitive market. One in four U.S. workers say workplace inclusivity needs improvement. Candidates have higher expectations for employers’ ability to cultivate an inclusive workplace culture and foster a diverse workforce.

In response, diversity, equity, inclusion, and belonging (DEI&B) initiatives are becoming a priority for more workplaces. And while the responsibility to drive these efforts tends to fall on HR, they can no longer be viewed as solely...

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Are Productivity Paranoia and Lack of Trust the Real Obstacles to Hybrid and Remote Work?

by Dr Gleb TsipurskyOn December 23, 2022 0 comments

Do bosses trust employees to be productive when working remotely? Not according to a new survey by Citrix of 900 business leaders and 1,800 knowledge workers - those who can do their job remotely.

Half of all business leaders believe that when employees are working “out of sight,” they don’t work as hard. Yet this belief contradicts the facts.

Similarly, Microsoft released a new study, where it found that 49% of managers of hybrid workers “struggle to trust their employees to do their best work.” This lack of trust in worker productivity...

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