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According to the U.S. Bureau of Labor Statistics’ July jobs report, unemployment fell to 10.2%, while employment rose by 1.8 million. Yet, despite the high unemployment rate, employers say they’re actively hiring during the pandemic. So, where are all the jobs?
In precarious periods such as the one we are experiencing with COVID-19, job security and opportunities become scarce. While some companies continue to search for and acquire new talent, most have halted their recruiting efforts for the time being. Even tech giants like Google will be reducing their hiring for the remainder of 2020. Like […]
When you’ve trimmed all the fat you can trim from operations and marketing and the budget still isn’t balanced, companies have to turn to labor costs. But what’s the best option? There are advantages and disadvantages to each. Hiring Freeze Instituting a hiring freeze is an almost knee-jerk reaction in many organizations. But there are […]
by Mark Wiletsky Although we’re beginning to see signs of an economic recovery, many organizations are still grappling with how to stay competitive in this challenging environment. Layoffs, furloughs, and other methods used to cut personnel costs are often part of the equation. But the savings gained by those cost-cutting measures can be lost if […]