Building critical skills and competencies is top HR priority for 2021

Released on November 17, 2020 Building critical skills and competencies are the No. 1 priority for human resources leaders in 2021, according to research by Gartner Inc. Its survey of more than 750 HR leaders found that 68% said building critical skills and competencies was their top priority. The survey took place from June throughRead More

Forecast for US GDP gets downgrade, but jobs projections improve

Released on November 16, 2020 Economists downgraded their forecast for growth in US gross domestic product for the remainder of this year and the first nine months of 2021, according to the Philadelphia Federal Reserve’s Survey of Professional Forecasters for the fourth quarter. However, they don’t believe the US unemployment rate will be as highRead More

ASA Supports Petition to Allow Tax Deductibility of PPP Loan Expenses

Released on November 4, 2020 Posted November 4 on the American Staffing Association website: In a notice issued April 30, the U.S. Internal Revenue Service determined that expenses paid that result in forgiveness of a covered loan under the Paycheck Protection Program are not deductible under the federal tax code. Bipartisan legislation has been introduced in Congress that wouldRead More

Jobless claims below 800,000 for third straight week (CNBC)

Released on November 5, 2020 Initial jobless claims totaled 751,000 last week, the third straight week that claims were below 800,000, CNBC reports. Claims have been trending down since late March but remain above pre-pandemic levels. “Bottom line, overall, the labor market continues to repair itself but the pace at which it is doing so isRead More

One-third of companies willing to hire 100% remote workers

Released on November 3, 2020 More companies are now willing to hire remote workers from anywhere, according to research released Monday by The Conference Board. The September survey of more than 330 HR executives — primarily from large US companies — found more than one-third, 36%, are willing to hire workers who are fully remoteRead More

Forecasters split on when US economy will return to pre-pandemic levels

Released on October 5, 2020 Forecasters were mixed when it comes to when the US economy will return to pre-pandemic levels, according to the National Association for Business Economics’ “October 2020 NABE Outlook” report is based on a panel of 52 professional forecasters. “NABE panelists have become more optimistic, on balance, but remain concerned aboutRead More

What will work look like in 2035? Traditional employees will be rare, platforms may dominate

Released on September 29, 2020 Traditional employees will become rare by 2035, say 60% of C-suite executives and employees at large and midmarket firms surveyed by software firm Citrix Systems Inc. Those working can also expect artificial intelligence helpers to monitor them and boost productivity. That’s not all. It found 67% of both leaders andRead More

Average starting salaries for 2019 grads up almost 6%

Released on October 1, 2020 Salaries for the class of 2019 spiked from that paid to their class of 2018 counterparts, according to salary survey data released by the National Association of Colleges and Employers. NACE’s Summer 2020 Salary Survey report found that the final overall average starting salary for the class of 2019 graduatesRead More

Labor market recovery continues, ADP report says 749,000 new jobs this month

Released on September 30, 2020 The US private sector added 749,000 jobs in September month over month, an increase compared to August and July, according to the ADP National Employment report released today. The US added 481,000 private-sector jobs in August and 216,000 in July. “The labor market continues to recover gradually,” said Ahu Yildirmaz,Read More