Category: News

February 6, 2023

Pay Transparency Laws Force Employers to Address Pay Parity

Pay Transparency Laws Force Employers to Address Pay Parity

December 13, 2022 | Author: Rosie Greaves, LaborIQ Staff Writer The new year will bring many changes to the way companies disclose their pay ranges. A prominent driver of this is, no doubt, incoming pay transparency legislation. Soon, several U.S. states will enact pay parity laws that force organizations that previously withheld compensation structure informationRead More
Head-Scratching Job Gains in January: Labor Market Remains Hot

Head-Scratching Job Gains in January: Labor Market Remains Hot

February 3, 2023 | Author: Mallory Vachon, Ph.D., Sr. Economist The economy added an unexpected 517,000 jobs in January, completely smashing economists’ expectations of 187,000. January’s job gains are puzzling given the headlines and expectations of a slowdown in hiring. Not only is this well-above recent months’ job gains, but it’s the highest since JulyRead More
Bosses Are Back in Charge

Bosses Are Back in Charge

America’s bosses are starting to feel bossy again. Many executives say that they are no longer scrambling to retain workers, after several years of doing whatever it took to keep people on staff. Pay increases are slowing. For some jobs, hiring is getting easier. Executives are seizing on this moment to streamline operations or cutRead More

January 25, 2023

The Job Market for Remote Workers Is Shrinking

The Job Market for Remote Workers Is Shrinking

Remote job opportunities are dwindling as fewer employers feel the need to lure talent with the promise of working from home By Ray A. Smith Jan. 24, 2023 2:52 pm ET Many prospective workers who were determined to get a remote job just a few months ago are hitting a wall as remote listings rapidlyRead More

January 23, 2023

One of the Hottest New Jobs Aims to Tackle Employee Burnout

One of the Hottest New Jobs Aims to Tackle Employee Burnout

More companies hire ‘employee-experience managers’ to help improve worker productivity, loyalty and retention   By Ray A. Smith Jan. 18, 2023 One of the fastest-growing roles at U.S. companies aims to address a rise in worker burnout and disengagement. The job of employee-experience manager barely existed several years ago. Now the position ranks fifth in LinkedIn’s 2023 list of theRead More
FTC Plan to Ban Noncompete Clauses Shifts Companies’ Focus

FTC Plan to Ban Noncompete Clauses Shifts Companies’ Focus

Ban could prompt employers to use alternative mechanisms such as nondisclosure agreements   By Lauren Weber Jan. 17, 2023 Businesses and lawyers are beginning to assess what the Federal Trade Commission’s proposed ban of noncompete clauses in employment contracts could mean for worker mobility, wages and the way future compensation agreements are structured. While a fullRead More

January 9, 2023

Hiring, Wage Gains Eased in December, Pointing to a Cooling Labor Market in 2023

Hiring, Wage Gains Eased in December, Pointing to a Cooling Labor Market in 2023

The unemployment rate edged down to match a half-century low of 3.5% Employers in many sectors were still struggling late in the year to fill open positions, pushing up wages. By David Harrison   The U.S. labor market is losing momentum as hiring and wage growth cooled in December, showing the effects of slower economic growth and theRead More

January 6, 2023

A Talent Shortage Is the Perfect Time to Invest in Your Existing Team

A Talent Shortage Is the Perfect Time to Invest in Your Existing Team

Jan. 4, 2023 With competition for talent fierce in the New England biotech industry, medical device manufacturer KMC Systems tried a different approach. Scott Leon The med tech and biotech industries are booming in New England. In Massachusetts alone, the biopharma sector grew 13.2% last year, and the state is the largest recipient of NIHRead More

January 5, 2023

Companies Are Gritting Their Teeth and Hiring

Companies Are Gritting Their Teeth and Hiring

Labor market remains surprisingly robust despite concerns about the economy Even as manufacturers became gloomier, according to a report released Wednesday, they stepped up hiring By Justin Lahart – Wall Street Journal A lot of businesses are feeling morose about where the economy is heading. And yet they still are looking to hire more workers.Read More

November 29, 2022

The Battle for Talent: 3 Manufacturers Share Their Wins

The Battle for Talent: 3 Manufacturers Share Their Wins

Nov. 21, 2022 Sometimes the best solutions have been developed by companies looking to serve their own unique needs. Ethan Karp American manufacturers are missing out on serious revenue due to talent shortages. Last year, the research firm Korn Ferry predicted that unrealized output from manufacturing talent shortfalls will grow to more than $607 billion by 2030.Read More