Let’s face it, employee resignation is inevitable and can significantly impact organizational stability and productivity. Understanding the trends behind employees leaving and implementing effective retention strategies are crucial for maintaining a motivated and committed workforce.
Read MoreJob Growth for October, LOWEST Since December 2020.
Last Friday’s BLS report saw a significant drop in job creation across the U.S., with 12,000 jobs being added, the lowest since December 2020! While the unemployment rate held steady at 4.1%, this stability misrepresented underlying shifts in the labor force and time will tell if this is a true stabilization.
Read MoreRecognition programs are significant, visible investments for any organization. It is critical that these programs launch successfully and achieve a prominent level of utilization quickly. Our work with many clients over many years offers valuable lessons about what can be done before and after a program launch to maximize its success.
Read MoreJob Growth Surges in September, Signaling Economic Resilience.
The September jobs report paints a picture of a labor market that is not only resilient but also surprisingly strong. This positive news, coupled with upward revisions for previous months and a continued upward trend in average hourly earnings, offers a reassuring signal about the underlying strength of the U.S. economy. However, the slight decrease in the average workweek serves as a reminder that some uncertainty persists, and the Federal Reserve will need to carefully weigh all available indicators when making decisions about future monetary policy actions.
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