Jobs Market Parties Like It’s 1969

Blowout employment report doesn’t jibe with recent tech layoffs, but overall labor picture is a lot more buoyant By Justin Lahart As interest rates rise and companies tighten their belts, white-collar workers have taken the brunt of layoffs and job cuts, breaking with the usual pattern leading into a downturn. WSJ explains why many professionalsRead More

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

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

Wage Growth Bounces Back

Wall Street Journal Wages are probably the best indicator of underlying inflation and they’re going up. Average hourly earnings jumped 0.6% in November from October and 5.1% from a year earlier, up from 4.9%. While that’s in line with the range for 2022, there’s been a recent acceleration: Wages surged at 5.8% annual rate inRead More

Let’s View Our Employees Like We Do Our Customers

Nov. 17, 2022 Workforce strategies must change for companies to attract the talent necessary to ensure success. Adrienne Selko Successful companies possess intricate customer profiles which enable them to deliver exactly what customers want. Great care, time and research go into developing these profiles. What if employers put that same time and energy into understandingRead More