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This special edition of the Insights newsletter is our last of 2024. I want to sincerely thank everyone who has followed along this year and wish you all a happy, healthy, and fulfilling 2025. As we approach 2025, LaborIQ’s outlook is that the labor market will continue the cooling and normalization we experienced in 2023 […]
Written by Mallory Vachon, PhD on December 12, 2024
Pay transparency is more than showing a salary range in a job posting. Establishing pay bands is a crucial part of hiring and compensation strategy, especially since pay transparency is required by law in many areas. One in three U.S. workers live in an area with pay transparency requirements. This article will explore how pay […]
Written by Mallory Vachon, PhD on October 17, 2024
This special edition of the Insights newsletter breaks down pay transparency, what it means for HR leaders, and how your response can improve talent retention and attraction. Today’s pay transparency landscape Pay transparency has the momentum. Employees have been asking for it for years, seeing transparency in pay as a means to ensure fair compensation. […]
Written by Mallory Vachon, PhD on September 20, 2024
At LaborIQ, we’re committed to ensuring you have the right pay for every job title, while saving you time! With our latest release, we are excited to introduce powerful new tools within the Salary Answers feature: Smart Search™, Smart Compare™, and AI-powered Search Assist. Smart Search™ LaboorIQ’s new Smart Search™ simplifies the way you search […]
Written by LaborIQ on August 5, 2024
This week, we are breaking down the latest “First Friday” jobs report. I’m writing from Telluride, Colorado in the Rocky Mountains, and the stunning scenery could not provide a greater contrast to this not-so-pretty labor market update. ️ Downtown Telluride by me For months, I have been writing that the jobs report didn’t match what […]
Written by Mallory Vachon, PhD on August 2, 2024
Why Candidates Still Struggle to Find Good Jobs Recent economic reports have been filled with contradictory signals. While negative headlines suggest economic turmoil is just around the corner (predictions that have lasted more than 18 months now), the headline numbers in labor reports have been consistently strong. We continue to see job gains that meet […]
Written by LaborIQ Staff Writer on July 24, 2024
This week, we are breaking down the latest “First Friday” jobs report. June’s hiring totals did not smash expectations. With a respectable 206,000 new jobs added, hiring met expectations for the first time in months. Once again, job gains were concentrated to a few industries, which indicates that private-sector hiring is slowing. The unemployment rate […]
Written by Mallory Vachon, PhD on July 9, 2024
Navigating the complexities of establishing pay bands can be overwhelming, especially if you’re just starting out. The are many factors involved, but it doesn’t have to be difficult. Starting simple is key especially for those HR teams that are building formal pay bands or establishing structures for the first time. The best way to […]
Written by Mallory Vachon, PhD on June 26, 2024
Now that you understand why pay bands have become such an important part of HR, let’s look at the factors that go into building one. Most HR professionals struggle building pay bands because they don’t know where to start. And it’s easy to see why the idea of pay bands is overwhelming – there are […]
Written by Mallory Vachon, PhD on June 17, 2024
If you haven’t created them already, you’ve seen an explosion in the use of pay ranges in job postings, interviews, and compensation strategy planning. Because of the recent adoption of pay transparency laws, along with employee demand for clarity around pay, businesses are opting to formalize their pay structures and philosophies with established pay […]
Written by Mallory Vachon, PhD on June 17, 2024
