Here at The Point Blog, we have been writing a series. Last month, I gave an overview of What’s Affecting the Labor Force Participation Rate? Lorrie followed that up with When Working Costs too Much concerning the benefits cliff and Taylor took a closer look at Baby Boomers Retiring-How do we fill their shoes? This week, I am going to take a deeper dive into some of the reasons that males (age 25-54) are evaporating from Labor Force Participation and some possible solutions for our future workforce. The Labor Force Participation Rate is defined as those who are actively looking
What is the Labor Participation Rate and how does it impact employers and the economic outlook? According to OECD.org, “The labor force participation rate is calculated as the labor force divided by the total working-age population. The working age population refers to people aged 15 to 64. This indicator is broken down by age group and it is measured as a percentage of each age group.” There are many factors impacting the Labor Market in 2023 including the benefits’ cliff, boomers exiting the workforce, the rate of working-aged males declining, women leaving the workforce by the millions and the decline
Who among us has not needed a second chance in life? Have you been extended that grace? In my life I have been given chance after chance and have needed that opportunity to fail and to learn from those failures. When prisoners are released they are told that they cannot carry a fire arm and will not be eligible to vote but most times are not warned of the invisible barriers that exist in finding a job, housing or transportation. For example, you are good enough to buy a car but you cannot sell cars for a career. You must
We are thrilled to be hosting the July Leadership Development Carnival. We participate monthly and find it is always filled with great insight for leaders to read and share. Communication Psychological Safety: Pro Tips for Leaders As a leader, how intentional are you about creating psychological safety for your team? Check out these tips from the experts to help you build rapport and increase communication with your team. — Jennifer Miller (@JenniferVMiller) The Power of & Conflict itself is born from a perspective that we must make either-or decisions; that we can’t have more than one option; that two different
Recently, I traveled to North Carolina for our annual family vacation. On Sunday, we attended First Baptist Church of Bryson City. The guest Pastor brought the house down on that rainy day with a message on love and acceptance. He described the ways in which we used to value connection with one another through meal time and went on to emphasize how important social connection is for our mental health. If you feel connected and cared for, he argued, then love has the ability to heal. That’s wonderful to hear about in Church, but how does that translate to the