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More and more HR departments are turning to restructuring strategies to improve employee recruitment and management techniques. But where do you begin? When implementing any restructuring strategy, you need to consider the level of disturbance it will create for employees. For example, if your plan entails reframing job roles and titles, it’s imperative that your […]
Written by Rosie Greaves, LaborIQ Staff Writer on May 23, 2022
At the time of this writing, the U.S. unemployment rate is at 3.6%. As a result, the labor market favors the job seeker, and the competition to secure top talent is more fierce than ever. The result? An increasing number of employers are offering inflated salaries to recruit external talent. However, in many instances, employers have […]
Written by Rosie Greaves, LaborIQ Staff Writer on May 19, 2022
We’re taking a dive into HR restructuring and how you can use it to improve the employee experience and retain your employees. Generally speaking, ‘restructuring’ describes the systematic ways a company could improve the efficiency of its organizational hierarchy. For instance, a company may not need two people doing the same job or overlappping tasks. […]
Written by Rosie Greaves, LaborIQ Staff Writer on May 19, 2022
In the last year, many businesses faced mounting resignations. In fact, according to the Bureau of Labor Statistics (BLS), quit rates (number of resignations per month) across U.S. industries reached a high of 3%, with the private, trade and hospitality sectors hit the worst. As a result, the labor market is now a particularly volatile place. While […]
Written by Rosie Greaves, LaborIQ Staff Writer on May 12, 2022
To stand any chance of competing in today’s labor market, businesses need a firm understanding of competitive compensation rates. For the uninitiated, this includes employee salaries and contributions toward social security. This begs the question: Why is it more critical than ever to offer competitive compensation? Well, in 2020, employee turnover rates in the U.S. reached […]
Written by Rosie Greaves, LaborIQ Staff Writer on May 11, 2022
Are you struggling to hire a new operations manager? If so, you are not alone. With more workers than ever exiting the job market during The Great Resignation of 2021 and the overall short supply of operations manager candidates in general, hiring for operations managers is a candidate-driven market. As a result, candidates have more choice and […]
Written by Rosie Greaves, LaborIQ Staff Writer on May 9, 2022
