Since the start of 2023, around 300 big technology companies have laid off close to 100,000 workers. If layoffs continue at this rate, the technology industry could make just under 1 million cuts by the end of the year.

Teams can be found in many places or settings. Throughout our lives we often find ourselves being on a new team that has a cast of different players. In some instances, this may have been on an athletic field or through an extra circular activity. In our places of work, it continues to be a part of our lives. Thus in these new experiences or settings, you may find yourself wondering why previous teams you were a part of were able to be successful. Here I will touch on 5 different attributes that create a strong team!

Starting a new job or being promoted to manager can be both exciting and intimidating, as you have the responsibility to set company standards and give direction. It can be challenging trying to balance making a positive first impression while managing new employees and building a solid relationship with senior management in the early days.

To build a successful, diverse team, it should be made up of different people, ideas, personalities, and work styles. Your working style is how you go about your day-to-day tasks on the job. Some work styles are defined as go-getters, learners, leaders, integrators, and more.

Over the past 18 months, we’ve all read or at least seen the news about the 'Great Resignation'. Although job-hopping began many years in advance of the pandemic – the trend was predominantly found in younger employees. Recently, what has been particularly disruptive for organizations, is the rising resignation rate (over 20 percent since the pandemic began) of mid-level employees (ages 30-45). According to the U.S. Bureau of Labor Statistics, a whopping 4.4 million people voluntarily quit their jobs this past September and they are predicting the numbers will continue to increase. In fact, a recent PWC study found that 65 percent of employees were looking for a new job in 2021.

Sunday, October 10, was World Mental Health Day, dedicated to raising awareness and promoting mental health across the globe. After 19 months of working from home during the Covid pandemic, employers are making burnout and mental health more of a priority. For organization leaders, it’s imperative to recognize and address when an employee is experiencing job burnout. Whether your employees have remained at work, continue to work remotely, or are transitioning back to the office, view our infographic below for tips on how you can help alleviate burnout and support your employees.

Resignation rates are at an all-time high – a record 4 million people quit their jobs in April alone, according to the Labor Department. And, 41% of workers globally are considering leaving their current employer this year, according to a survey from Microsoft. The pandemic has given employees multiple reasons to rethink their careers. Since COVID hit, many people have experienced employee burnout and are on the search for a job that offers more money, flexibility, and better benefits and work-life balance. People have had time to reflect on what they want to do and how they want to spend their time, which has led to employees changing their career paths and even retiring early.

Starting a new job can be very overwhelming. Many people tend to feel anxious about joining a new organization and meeting new people. It is imperative that as an employer/leader, you do everything you can to make the new hire feel welcomed and included on their first day. Doing so will encourage a positive employee relationship from the start, allowing them to succeed and feel confident in their new role going forward. Our infographic below shares tips that will help you create a seamless transition for your new employee.

As we approach the midway point of 2021, it is still a bit unclear as to how the pandemic will fully impact commercial real estate in the long run. Through the course of the early part of this year, downtown Boston occupancy rates have been reported in the 8%- 12% range. A recent report shows a significant increase of available sublease space right now. Many organizations will be dramatically decreasing their "in office" footprint due to work from home capabilities. Obvious factors are contributing toward this mindset such as company shutdowns, quarantines, and of course social distancing. Many organizations do not want to pay rent for empty office space, so some may adopt a more permanent work from home policy. For example, many larger organizations made recent announcements that they will only need half of their space as they go to a full remote or hybrid model.

By now, one year into the pandemic, we've all heard the term employee burnout. Whether you’ve experienced it yourself during the past twelve months or know someone who has, this phenomenon has negatively affected millions of people worldwide. According to the World Health Organization’s (WHO) International Classification of Diseases (ICD), people experiencing burnout typically feel exhaustion but, also likely to feel detached or cynical about their job. Job burnout can affect your physical and mental health directly related to health conditions, such as depression.