Must Be The Money (Redefining Work Newsletter - Feb 15, 2023)
This week's newsletter includes financial accounting screwing up HR, how to become a digital nomad, Culture Amp explores engagement, several angles on layoffs, HR jobs, and more.
This week’s newsletter includes an important HBR piece by Peter Cappelli on how U.S. accounting policies influence layoffs.
Summary excerpt
“Many HR practices in the United States are bad for companies, employees, and shareholders. Firms skimp on training and development, for instance, and tightly limit headcount even when they’re understaffed. They increasingly move work to nonemployees, like leased workers, and replace pensions with more-expensive 401(k) plans. They do such counterproductive things because U.S. financial reporting standards treat employees and investments in them as expenses or liabilities, which make companies look less valuable to investors. This situation can be remedied, however, with some modest additions to reporting requirements. Though small, these changes could have a big positive impact.”
There’s also a range of angles on recent layoffs and tips from Rowena Hennington on how to become a digital nomad. 💻
Be sure to check out this week’s Redefining Work podcast, where Arlan Hamilton shares advice for those of you who might be pondering starting your own company. 🎧
Articles discussed in this week's Digest (and more)
How Financial Accounting Screws Up HR (Harvard Business Review)
Improving employee engagement during times of change (Culture Amp)
The Hypocrisy Of Layoffs At Google, Microsoft, And PayPal (Forbes)
Apple Avoids Job Cuts Because It Didn’t Overhire Like Google and Amazon (Bloomberg)
The Amplify Talent Collective is a platform that connects available talent with opportunities across the HR and people operations space and is hosted on Pallet. If you’re looking for a role or are open to new job opportunities in the HR & people space, you can create a profile here and browse jobs here.
Hiring? You can post jobs for free and access the talent collective (80+ experienced HR/people practitioners and leaders) here.
Featured jobs:
People Operations Specialist / Finite Carbon / Philadelphia, PA or Remote
Senior Director, Talent Acquisition / Pursuit / Calgary, Banff, or Denver, CO / $110 - $140K
Ready to Invest in Yourself?
Here are a few investments that will pay dividends in your career in 2023 and beyond. Amplify Academy subscribers get full access to the AI Learning Lab (500+ resources), a vibrant global Slack Community, weekly live video mentor hours, exclusive content and webinars, discounts on events & HR Tech, and more.
Amplify Academy AI Learning Lab + Community ($1,000 USD/year)
Amplify Academy Cohort Leadership Development ($3,000 USD/year)
Here’s an email template you can use to request your company’s support in case it’s helpful.
Check out recent episodes of Redefining Work below.
The Entrepreneur Journey With Backstage Capital Founder and Managing Partner Arlan Hamilton
The Science of Happiness With 10x Genomics Chief People Officer Becks Port
Using Data to Improve Work With ADP Head of Research, People, and Performance Marcus Buckingham
Embracing a Skills-Based Approach in Hiring With Workday Chief People Officer Ashley Goldsmith
The Act of Love in Innovation With PepsiCo SVP & Chief Design Officer Mauro Porcini
Shining a spotlight on events and conferences I’ll be attending. I hope to see some of you out in the wild!
Transform 2023 - Las Vegas, NV, USA - March 27-29
Amplify is excited to announce a partnership with Transform, the premier global event for people-driven leaders, entrepreneurs, and investors to influence strategy, ignite innovation, and transform the world of work. Meet us in Las Vegas March 27-29 by registering now and save $200 with our special partner code.