Practical HR Tips, News & Advice. Updated Daily.
It’s no secret that businesses around the country have been struggling to find workers over the last few years. What’s more of a secret is why these businesses are facing such a challenge. Recent research helps shed some light on the issue, or issues, contributing to the shortfall. COVID Impact on Work Life “Long COVID, […]
The labor shortage businesses are facing across the country has been lingering for years, with some arguing the trend can be traced back to the 2008 financial crisis. Businesses faced with worker shortages have tried a variety of strategies to mitigate the challenges: signing bonuses and increased wages, increased use of automation and customer self-service […]
Despite looming recession fears, iHire’s latest research suggests the talent acquisition space appears cautiously optimistic for 2023. In surveying over 500 U.S. employers for our 2023 “Hiring & Job Search Outlook Report,” we found that 42.7% were concerned about an economic downturn, yet 68.1% expected to increase their hiring volumes in 2023. Furthermore, 49.5% […]
With the vast majority of Americans having received at least one COVID-19 vaccination and millions fully vaccinated and boosted, there was widespread optimism among business leaders that 2022 would be the year employees finally returned to the office after 2 years of COVID lockdowns and remote work. But employee resistance amid a tight labor market, […]
Although the labor market is tight and employees are becoming more selective about how and where they work, workers have had an extremely difficult few years. From the immediate transition to remote work (along with countless other disruptions caused by the pandemic) to a global economic crisis, employees have faced a series of shocks that […]
2022 was a challenging year for recruiters. In a tight candidate-driven labor market, HR leaders and organizations needed to remain agile by adopting new strategies, casting wider nets for talent their pools, and rethinking what employees wanted from their employers. This year, experts say some of the most pressing challenges in recruiting include the high […]
Finding ways to employ ex-convicts is a win-win-win in a tight labor market. Employers are better able to staff their operations, ex-convicts are given the opportunity for meaningful employment and a livable wage, and society benefits from reduced dependence on government support and recidivism. Unfortunately, it’s often quite difficult for ex-convicts to find good jobs […]
Companies are racing toward automation in the face of a tight labor market and a quest for greater efficiencies. Eventually, the labor market is sure to settle down, but when it does, it’s unlikely that jobs that were automated due to a shortage of human workers will de-automate when the labor shortage eases. In a […]
Various factors have combined to create what is being called the Great Resignation. Historic stock prices buoyed 401(k)s, and runaway home prices left many older workers feeling financially secure enough to retire early. Many workers have left jobs because they either fear exposure to COVID-19 or don’t want to deal with precautions like masking, testing, […]
It’s easy to assume that when workers are in high demand and short supply, as with the current labor market, it’s a great situation for employees. Indeed, in many ways, it is. Workers have much greater bargaining power in this market compared with, say, the situation in 2008. They can demand higher wages and have […]