Tag: labor market

HR Trends to Watch in 2024

The world of work is constantly evolving, and the human resources (HR) function is at the forefront of this transformation. As we step into 2024, organizations are grappling with a multitude of challenges and opportunities, from navigating the post-pandemic work environment to addressing the ever-increasing demands of a diverse, skilled workforce. To effectively navigate this […]

2024 Labor Market Outlook: Skills Shortages and Flexibility

Despite aggressive interest rate hikes by the U.S. Federal Reserve, the American economy continues to hum along. In addition to perplexingly resilient consumer spending, the U.S. labor market has remained tight. In September 2023, for example, U.S. job openings increased by 56,000 to 9.533 million open positions, while the number of layoffs decreased by 165,000. […]

Employees Increasingly Looking to Employers, Not Colleges and Universities, for Education

In an era where tuition is skyrocketing, students and former students in the United States are grappling with a staggering amount of student debt. This financial burden is leading many to question the value of a traditional college education. As a result, a significant shift is occurring in the realm of post-secondary education, with employees […]

Cost-of-Living Crisis: When Workers Can’t Afford to Stay on the Job

Across the country and around the globe, people are facing historic inflation and other cost-of-living pressures, adding significant financial strain and concerns for their future financial security. Given the enormous media attention to these trends, this is hardly surprising. What is surprising, however, is how these conditions are impacting employee retention. Financial Strain May Lead […]

Recent Hiring Data Shows Labor Market Slowing but Still Strong

The labor market has always been a reflection of broader economic trends. Recent hiring data paints a picture of a paradox: While hiring has shown signs of slowing down, the labor market remains robust. This resilience, despite various economic challenges, offers a fascinating insight into the evolving dynamics of the U.S. job market. The Current […]

New Report Illuminates State of the Labor Market ‘Skills Gap’

The digital landscape is ever-evolving, and so are the skills required to navigate it. A recent report by Adobe delves into the perceived digital literacy gap, shedding light on the skills that are truly in demand and how they align with the perceptions of employers and employees. The Skills Landscape Adobe’s report highlights a disconnect […]

What’s the Link Between Interest Rates and the Labor Market?

Two macroeconomic factors have recently been on employers’ minds: interest rates and the labor market. While these two issues may at first seem to have little, if any, connection to one another, they are actually quite closely linked. For example, in a recent article for Fortune, Christopher Rugaber and the Associated Press write, “America’s employers […]

Employee Appreciation Day 2023

Hopefully, employers, HR pros, and managers are aware that March 3, 2023 (and the first Friday in March each year), is Employee Appreciation Day. In a labor market where employee demand is outstripping supply in many sectors, it’s particularly important to keep staff engaged and retained.

The Normalization of Job Hopping

Workers no longer expect to stay with companies for their lifetimes. In fact, it’s increasingly common for employees to stick around for as little as a year before moving on to a new role, where they also expect to have a short tenure. It’s a practice long known as “job hopping,” although the stigma once […]

Major Companies’ Experience with In-House Business Schools

Businesses across the United States are struggling to find workers to staff their operations. Many are at a loss to find even entry-level employees for frontline retail and service roles. As one can imagine, that challenge can become even more acute when a company starts to add more robust qualifications to their hiring criteria. Consider, […]