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Editor’s Note: Newer Indianapolis labor market information is available in a September 2021 report that forecasts full job recovery for Indianapolis in 2022, ahead of the U.S. and the Midwest region as a whole. Midwest locations are often absent or overlooked in rankings of the country’s strongest labor markets, as growth rates there tend to be more […]
Written by Rosie Greaves, LaborIQ Staff Writer on January 9, 2023
Most employers’ highest expenses are employee salaries and benefits, making it critical for companies to conduct periodic compensation reviews. Due to the drastic overall impact of the COVID-19 pandemic in 2020, many companies planned for reduced salaries¹ or reduced salary increases in 2021. Those companies who haven’t reassessed compensation multiple times during the rapid labor market […]
Written by Rosie Greaves, LaborIQ Staff Writer on January 9, 2023
Quick, well-informed salary structure decisions and transparent communication with employees to set compensation and benefit expectations will significantly increase the retention and productivity of those affected by an acquisition or merger. This holds true for the initial announcement timing through the transition period. In an acquisition , HR can help minimize uncertainty to reduce employee […]
Written by Rosie Greaves, LaborIQ Staff Writer on January 9, 2023
Aside from wide-ranging changes to the way we work, the pandemic also gave employees time to reflect upon their future careers and way of life. So much so that what’s commonly called “The Great Resignation” has become a workforce trend to keep an eye on. Interestingly, a 2021 Microsoft study of 30,000+ workers found that 41% of […]
Written by Rosie Greaves, LaborIQ Staff Writer on January 9, 2023
Diversity Factors with a Focus on Gender Identity Both inclusion and diversity are vital to a successful workplace in the 21st century. Inclusion is defined as an environment that values its workers’ individualism and differences and no one feels left out or isolated. An inclusive work environment is one where all workers feel safe and valued regardless […]
Written by Rosie Greaves, LaborIQ Staff Writer on September 19, 2022
The skills shortage kickstarted by the great resignation in 2021 is starting to moderate. But now that inflation is rising, a new challenge for businesses and their hiring strategies has presented itself. Economists predict the U.S. is set for a recession in 2023. In response, the U.S. central bank has raised its benchmark policy rate by 0.75% to […]
Written by Rosie Greaves, LaborIQ Staff Writer on August 2, 2022
Last week’s record high CPI (consumer pricing index) hit the headlines. According to the U.S. Bureau of Labor Statistics, the CPI for all urban consumers rose this past year by 9.1% to an index level of 296.311. In other words, prices rose by 9.1%. This is the most significant increase year-over-year since 1981. For the […]
Written by Rosie Greaves, LaborIQ Staff Writer on July 27, 2022
Gas prices are in the headlines daily- and it isn’t hard to see why. According to the EIA’s gas price comparisons, costs in 2022 have spiked dramatically to the highest on record. There are multiple reasons why gas prices remain high: An increase in demand post-pandemic. A formal ban on Russian energy due to its invasion of Ukraine. […]
Written by Rosie Greaves, LaborIQ Staff Writer on July 6, 2022
At first glance, the headlines appear to be bleak. In May alone, more than 15,000 tech workers lost their jobs, and Fortune magazine reported that amid a decrease in demand and rising inflation, the tech industry wasn’t looking good. Let’s take a look behind the headlines.. Interestingly, the data appears to contradict this doom and gloom. So, we’re spotlighting how we […]
Written by Rosie Greaves, LaborIQ Staff Writer on June 27, 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
