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Irrational pay may be gone, but wage growth is here to stay Pay bumps for new hires have come down. But wage growth is likely to remain elevated, continuing to impact pay equity and turnover. Big picture: Great Resignation to the present To set the stage for what to expect in 2024, let’s go back […]
Written by Mallory Vachon, PhD on November 17, 2023
Solid gains, but underlying challenges persist The economy added 150,000 jobs in October, just below economists’ expectations of around 180,000. A soft landing for the economy remains in sight, but some workers and businesses are feeling more pain. While October’s job gains represent a solid month of growth, similar to what we were experiencing before […]
Written by Mallory Vachon, PhD on November 3, 2023
Are current market-competitive salaries not aligned with your expectations of what you should pay employees? Or does one of the below situations sound familiar to you ❔ Wild swings in the job market made it impossible to keep pay competitive against competitors. You interviewed many candidates who were a great fit, but you were not […]
Written by LaborIQ Staff Writer on November 1, 2023
