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Expand chart
Reproduced from PwC U.S. Pulse Survey Report; Chart: Axios Visuals

Companies want to protect themselves from the impact of employees leaving in droves.

Driving the news: In PwC's latest U.S. Pulse Survey, nearly half of executives said they want to reduce their dependence on employees’ institutional knowledge.

Why it matters: The Great Resignation is underway, and employers are grappling with the fallout.

  • A whopping 65% of employees said they are looking for a new job, according to PwC's survey, conducted Aug. 2-6, of 1,007 employees and 752 executives in the U.S.
  • Not surprisingly, 88% of executives said their company is experiencing higher turnover than normal.

What they're saying: Reducing dependence on institutional knowledge largely means automating more processes, said Bhushan Sethi, PwC's global people and organization co-leader, on a call to discuss the findings.

  • "Part of that has to do with a talent challenge," he said. And if more processes can be digitized, it also allows companies to upskill their workforces and help employees become more productive, he adds.

Bonus stat: PwC also took the temperature of receptiveness to vaccine mandates. About two-thirds of both employees and execs said they're in favor of a vaccine requirement for employees returning to the office.

  • Around 25% of total respondents strongly disagreed with vaccine mandates.
  • But sentiment varies by region: In the Northeast, just 13% strongly disagree.

Go deeper: Younger employees fear being left behind by remote work

Go deeper

Scoop: Philly Housing Authority suspends workers over vaccine mandate

Illustration: Annelise Capossela/Axios

The Philadelphia Housing Authority has suspended about 70 employees who failed to meet the agency's COVID-19 vaccine mandate that took effect last Friday, PHA CEO Kelvin Jeremiah told Axios.

What's happening: Jeremiah said Wednesday that the 70 workers are suspended for a month without pay.

  • Of them, PHA said 39 had at least one jab. Those employees will be allowed to return to work Friday as long as they double-mask, agree to weekly testing and intend to get their second dose (if necessary).
  • If they aren't fully vaccinated in a month, they'll be fired.
Oct 20, 2021 - Technology

Netflix boss defends Chappelle special but regrets hurting staff

Netflix co-CEO Ted Sarandos speaks at Ted's 2020 Oscar Nominee Toast at Craig's on February 08, 2020 in West Hollywood, California. Photo: Rachel Murray/Getty Images for Netflix

Netflix co-CEO Ted Sarandos said he "screwed up" in his communications with employees who are staging a walkout Wednesday over Dave Chappelle's anti-transgender comments in the comedian's latest comedy special on the platform.

Yes, but: While Sarandos told the Wall Street Journal and the Hollywood Reporter late Tuesday that he should have realized that airing Chappelle's special would hurt some employees, he still defended the decision to air "The Closer."

Updated 1 hour ago - Science

Nor'easter slams East Coast with flooding rain and powerful winds

A residential area in Middlesex County as floodwater from the nor'easter covers streets in New Jersey on Tuesday. Photo: Tayfun Coskun/Anadolu Agency via Getty Images

A monster storm was slamming the Northeast with record rainfall and powerful winds over Tuesday night — causing flash flooding that resulted in people having to be rescued in New Jersey and New York roads to close.

Threat level: All of southern New England westward to New York City and northern New Jersey was under the threat of flash flooding and coastal flooding from the nor'easter through Tuesday night into early Wednesday, per the National Weather Service.