Tag: hiring

The Great Layoff: How the Hourly Workforce Can be Saved

With organizations across the country scrambling to cut costs amid economic uncertainty – from halting partnerships with third party vendors, to reducing employee headcount – the concern is palpable as employees work to determine what it all means for their financial wellbeing. In Q1 2023 alone, U.S.-based companies cut more than 270,000 jobs, a nearly […]

Do AI ChatBots Make it Easier for Employees to Secretly Hold Multiple Jobs?

Outsourcing and improved technology have long been used by employers to cut costs and boost productivity. But employers have also gotten into the act in recent years, albeit often without the consent or even knowledge of their employers. Moonlighting on the Sly For example, in 2013 a U.S. software developer in his 40s was terminated […]

The Impact of Rising Interest Rates on the Workforce

Many observers were surprised at just how resilient the American economy has been coming out of the COVID-19 pandemic. In fact, the American economy has been so strong that employers have been struggling to find enough workers to staff their operations. Unfortunately, high demand for both goods and labor has often been met with limited […]

What is Turnover Contagion?

The term “turnover contagion” evokes two distinctly fearful concepts, at least from the perspective of employers: pandemics and retention challenges; and the link this term creates is fairly apt. Employees have been leaving their jobs in increasing numbers, even posting about the joys of quitting live on social media. Employees on the Move “Quitting has […]

How to Give Your Finance Recruitment Strategy a Digital Overhaul

If you’ve ever watched a sci-fi TV show or movie, you’ll know that robots and technology are shown as something to fear and run away from. In the business world, this narrative has resonated in some industries more than others. The finance industry, for example, has historically been slow and hesitant to adopt technology into […]

HR Query: The Value of Offering Student Loan Repayment as a Benefit

Student loan borrowers are preparing to either resume payments or start making them for the first time since March 2020. Currently, federal student loan payments are scheduled to resume 60 days after June 30. That can change if the Supreme Court rules on President Joe Biden’s student debt forgiveness plan, in which case payments will […]

Is Q1 Still the Best Time for Hiring in an Uncertain Economy?

Even with the looming danger of a full-scale recession, as seen by record high mortgage rates and falling consumer spending, the job market’s strength has continued to act as a buffer. Despite massive layoffs in the tech sector, according to experts, there are employers planning to hire in the coming months as opposed to reductions […]

Why Post-Hire Screening Could Reduce Talent Headaches

Employers often cite their employees, team members, or people as their greatest asset. And while this may be true, it is sometimes an uncomfortable truth that they can also be an organization’s greatest weakness. Businesses, and by extension their brands, have become increasingly visible online through social media, online news channels, and even review websites, […]

Why Ethical AI & Automation is Good Business in a Labor-Constrained World

Despite economic headwinds, the labor market remains tight. While there may be some softening of the U.S. labor market, hiring quality talent will remain challenging. This expectation is based on recent Employ Inc. data and Bureau of Labor Market Statistics, which projects that the U.S. labor shortfall will continue through 2030.  When finding quality talent, […]

Employees First, Last, and Always: How to Win in a Tight Labor Market

We’re still in a tight labor market, and many employees still feel overworked and dissatisfied. According to Gallup, three out of four employees feel burnt out on the job at least sometimes. Low unemployment along with rising wages are making it even harder to find good workers. The solution to this problem is an intelligent […]