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Wages, Employee Retention and Benefits Align to Create Recruitment’s “Perfect Storm”

Recruiting Daily

Fast forward two years, with businesses now working hard to retain their staff and offer competitive benefits and wages as they face a trifecta of issues: the pandemic, inflation and unfulfilled jobs. Wage growth continues to run hot, with increases expected to continue into 2022, and at the highest levels since 2008’s Great Recession.

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This Survey Helps You Make the Most of Your Benefits

Recruiting Daily Advisor

Benefit strategies have undergone a lot of changes since the economic recession of 2008. That’s why Gallagher asked 4,155 organizations how they handle their overall benefit strategy. Source: gustavofranzao / iStock / Getty. Strategic Changes Toward Healthcare Benefits Over a Decade.

Survey 56
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The October Jobs Report: Why You Need A Focused Approach to Hiring Talent 

Hireology

With a national unemployment rate of 6.9%, we continue to inch closer to pre-pandemic levels of employment, and have made it back to the level of unemployment that we saw two to three years after the 2008 recession. Additionally, the amount of people unemployed for 15 to 26 weeks decreased by 2.3 million to 2.6 million individuals.

Report 148
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Is salary transparency key to a Gen Z friendly Employer Brand?

Hireserve

Over on TikTok there a whole genre of videos with millions of total views where creators interview passersby in public about what they do for a living, what they earn, and if they feel they are compensated fairly. Many of them remember how the 2008 global recession impacted their parents and the world around them.

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Filling a Skills Gap in Manufacturing

ExactHire Recruiting

This explains why from 2002-2008 production increased while employment levels decreased. Economic recessions have masked this problem in the past, but as manufacturing production continues to increase, technology efficiencies will be unable to compensate for a shortage of skilled labor. The benefits have been overlooked.

Training 156
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Guide to Hiring Employees in China

Recruiters Lineup

Key aspects include employment contracts, working hours, overtime, wages, social insurance contributions, and employee benefits. Negotiations may be part of this process, and it is essential to be aware of cultural nuances when discussing compensation, benefits, and other terms of employment.

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Texas Minimum Wage: What Small Businesses Need To Know

Homebase

The state last updated this rate in 2008, raising it from $6.55 Source Caption: Homebase lets you add and update all important documents like W-2s before tax filings Homebase also accurately calculates tax withholdings for every employee, sends timely payments, and ensures taxes reach the right government departments.