Editor’s Picks from 2021
From labor shortages to the Great Resignation, it’s been a big year for workforce news.
From labor shortages to the Great Resignation, it’s been a big year for workforce news. This year, we thought it would be fun for each of us to pick our favorite newsletters. Below are the top articles, selected by our editors, that we believe uncovered big shifts in workforce trends.
“Sometimes a simple plot tells a powerful story. At the peak of hustle culture, 18% of American workers had a secondary job. Since 2015, as conversations on work-life balance and mental health became more audible, we are observing the fall of hustle culture. I like this newsletter because this represents an important shift in how work interacts with our lives, and because I got to mention Dolly Parton.” - Reyhan Ayas, Economist
“To specialize or not to specialize? That is a labor economist’s favourite question. We used text analysis to extract vectors of job and skill titles and computed their relative distances to find the most unique skills and job titles. Correlating uniqueness with salaries, we found that while occupational uniqueness is associated with lower salaries, skill uniqueness results in a salary premium. Time to pick up “inheritance planning” or “psychometrics” - the most unique skills!” - Lisa K. Simon, Economist
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“I think this analysis is really fun because the metric of employer prestige is something that everyone understands intuitively but is rarely (if ever) measured using data. It’s exciting to play around with new concepts that have the potential to be a novel lens for understanding companies. I also find the visualizations to be rich with information but also straightforward - ridge plots are underrated!” - Ben Zweig, CEO
“The idea is a lot more powerful than I appreciated when we first published this piece. The model we developed on Glassdoor data allows us to actually understand the reasons employees are leaving or joining a company. Once you understand these levers, companies can figure out how to prevent turnover or hire more competitively for their employees, or even a subset of their employees. It's super powerful!” - Yedidya Gorsetman, COO
If you have any ideas of other metrics to track or would like to hear more, please feel free to reach out. If there are any topics you would like us to explore in 2022, let us know!
Happy New Year!