Recruiting Daily
APRIL 11, 2022
Wage growth continues to run hot, with increases expected to continue into 2022, and at the highest levels since 2008’s Great Recession. Start-up companies, for instance, have been offering equity at an increasing rate to boost their compensation packages and reduce attrition. In total, wages and salaries increased 4.5%
Recruiting Daily Advisor
NOVEMBER 17, 2022
This phenomenon has left employers scrambling to hold onto employees as the remaining workforce has taken advantage of its newfound labor market leverage to look for more attractive jobs and greater compensation. No matter the channel, open communication is the piece that builds employee trust and retention.”. A Looming Recession.
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Recruiting Daily Advisor
FEBRUARY 11, 2022
The board now expects salary raise budgets for 2022 will be 3.9%, which would be the highest growth rate since 2008, according to SHRM researcher Stephen Miller. One compensation principle often misunderstood or overlooked is that pay is typically based on the going rate (i.e., Indexing Pay Structures. market rate) for particular work.
Hireology
NOVEMBER 11, 2020
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. Even during times of record high unemployment, companies experience retention challenges, and business impacts can be severe.
HRsoft
MARCH 19, 2018
This refers to the job’s market value, and its competitiveness in terms of geography, industry, organization, position, and recruitment/retention trends. After the recession in 2008, many organizations developed “hybrid jobs” and began creating positions around employees. Total “Non-Cash” Compensation. Internal Position Equity.
Visier - Talent Acquisition
JUNE 16, 2020
These are the employee lifecycle activities from hiring to retention, as well as organizational effectiveness activities from optimizing planning to optimizing productivity. . The 2008 economic downturn showed that during a recession, revenue growth is replaced by profit sustainability and for some, profit growth.
Hireserve
JULY 26, 2023
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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