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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.

When done right, employee recognition programs can increase job satisfaction and engagement, and positively impact employee retention. However, when organizations build programs without understanding the impact of those programs, the efforts may not pay off. That’s why we’ve asked the questions in our latest eBook – The 2024 Recognition Survey Report. The survey is an extension of our 2024 Job Seeker Survey Report and digs into the recognition experience to reveal employee engagement, performance and retention insights that can enhance your organization’s recognition strategies and programs.

April Jobs Market: Hiring Remains Firm with Signs of Slowing.

The increase in average hourly earnings is below estimates and is a promising sign for inflation. A softer than expected U.S. jobs report fueled hopes that the Federal Reserve could start cutting rates soon. Some economists predict a decrease as early as July or September.

The labor market continues to impress with the 40th straight month of job growth and an unemployment rate that ticked lower. Job gains in Q1 2024 averaged 276,000 per month, compared to the Q4 2023 average of 212,000 jobs added each month. The jobless rate fell as more people entered the workforce. Gains were broad-based. Wages, an important inflation metric, increased slightly, up 0.3% to 4.1% year-over-year (YOY). It was the lowest annual gain since June 2021.