Tag: Labor

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 23, 2023

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 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

January 3, 2023

Stay for Pay? Companies Offer Big Raises to Retain Workers

Stay for Pay? Companies Offer Big Raises to Retain Workers

Recent record-high wage gains for workers who remain in their jobs are a factor contributing to inflation Employers are giving existing employees more merit and other pay increases to defend against poaching by rivals and avoid the drain of training new workers.PHOTO: RACHEL WOOLF FOR THE WALL STREET JOURNAL By Gabriel T. Rubin Follow andRead 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

November 8, 2022

The Great Resignation: Can Marketing Reverse the Trend at Your Company?

The Great Resignation: Can Marketing Reverse the Trend at Your Company?

Posted by Paul Sparrow   If you, like me, are of a certain age, it’s easy to reflect on how different it was to get a job back in the day. Many jobs required an application and a resume, not to mention a one-on-one interview with the hiring manager. Shake his hand firmly, swallow your pride,Read More

October 17, 2022

People just don’t want to work???

People just don’t want to work???

With jobs going unfilled and nearly two open positions for every job seeker, many people are complaining that since the pandemic, people just don't want to work. IndustryWeek Editor-in-Chief Robert Schoenberger recently discussed those trends with the Austin Regional Manufacturers Association, noting that few of the major employment trends are recent, so solving them will require aRead More