Employee engagement has emerged as more than a buzzword; it’s a business requirement. In our recent conversation, The Current State of Employee Engagement with Dr. Jack Wiley, chief scientific officer and Jeff Gelinas, president of employee and consumer engagement & incentives, compelling insights were shared that paint a clearer picture of where engagement stands and where it’s headed. Especially, as organizations strive to navigate economic shifts, changing workforce expectations and hybrid work realities.
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July Labor Market Shows Signs of Slowing Momentum
The July Employment Situation Report shows the labor market is feeling pressure from both long-term challenges and short-term changes. Job creation remained sluggish, with only 73,000 jobs added, significantly lower than June’s revised total and well below the 115,000 expected by economists. At the same time, the unemployment rate ticked up to 4.2%, reflecting ongoing challenges with labor force participation and persistent economic uncertainty.
Employees want fair compensation for a day’s work.
In this column, we continue our march through the seven individual attributes of the RESPECT model (Recognition, Exciting Work, Security, Pay, Education and Career Growth, Conditions, and Truth) by focusing on Pay.
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Labor Market Continues to Cool in June
June’s labor report reinforces a pattern of moderated job growth amid economic headwinds. While the pace of hiring remains positive, gains have slowed and sector imbalances persist.
