051: The Workforce Velocity Problem (and How CEOs Can Solve It) - with Joe Galvin of Vistage

The Employment Experience - an employment law educational tool for business owners and Human Resources professionals

Ever wondered why so many employees are swapping jobs at such an alarming rate? In today’s episode, Joe Galvin, Chief Research Officer at Vistage sheds light on this intriguing post-pandemic labor market phenomenon known as 'workforce velocity.' Join us as we delve into how the accessibility of platforms like LinkedIn and a robust job market has created a fertile ground for employees to leverage their positions and upscale their roles. Galvin provides a keen insight into how CEOs can tap into this trend by focusing on retaining top talent.

As we navigate this transformative landscape, the spotlight turns to the crucial role of bosses in this evolving dynamic. We engage in a thoughtful discussion on the ongoing tug-of-war between CEOs wanting to bring back employees and the workers' growing reluctance to return. You'll gain a deeper understanding of how choice and environment have become non-negotiable for employees today. With Galvin, we ponder over the harmful effects of toxic managers and the pressing need for companies to invest more in employee development and effective leadership.

Finally, we delve into the concerns of small and mid-sized business CEOs in the wake of the post-pandemic labor market. Citing a recent report from Vistage, a company dedicated to understanding the decisions and topics that matter most to these CEOs, we discuss the impact of the current labor market. Galvin shares some key findings from his research on the best practices of small and mid-sized businesses. Don't miss out on this enriching discussion filled with valuable insights for business owners, HR professionals, and employees alike.

In this episode, you will hear:

• Retaining top talent and retention factors
• Understanding the changing workplace and the role of a boss
• The labor market's impact on small and mid-sized businesses post-pandemic
• Findings from Vistage's report

Resources from this Episode

The Wannos Law Firm, P.A. - Employment Law, Mediations and Workplace Investigations: www.wannoslaw.com

Hire Karly to Train your Team: Schedule a complimentary call to discuss how we can help with employment law training for your team {https://calendly.com/karlywannos/custom-training]

Employment Law Courses for HR/Management: [https://www.karlywannos.com/employment-courses]

Free Downloads and Legal Workshops

• Employment Law Workshop for Businesses: Prevent Employee Lawsuits and Create a Better Work Environment https://www.karlywannos.com/workshop
• The Employer’s Termination Checklist: A Guide to Terminating at Will Employees and Avoid Retaliation Claims [www.karlywannos.com/terminate]
• FMLA Workshop https://www.karlywannos.com/fmla

Connect with Joe Galvin

Linkedin: www.linkedin.com/in/joegalvin32

Joe’s article on Vistage: https://www.vistage.com/research-center/business-operations/business-technology/20230823-leaders-maximize-technology-future-growth/

Connect with Karly Wannos

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Episode Credits

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