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U.S. salary increase budgets hit 20-year high

HRExecutive

employers made bold moves this year on compensation, pushing salary increase budgets to a 20-year high, despite fears of resurgent inflation and recession, according to a WorldatWork survey released this week. salary increases that largely prevailed for most of the last 20 years, until 2022. Increases to salary budgets rose to 4.4%

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Revving up DEI in The Automotive Industry: What Leaders are Doing

Trusaic

The company most recently published its 2022 Diversity and Inclusion report , which identifies key initiatives it is taking to advance DEI, as well as highlights achievements it’s already made. Several years ago the company partnered with Deloitte to conduct a DEI audit, including a compensation analysis across its workforce.

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The Latest BLS Data Means that Talent Remains a Critical Imperative (i4cp login required)

i4cp

For one thing, the initial read on gross domestic product (GDP) for the third quarter was positive (2.6%), instead of the negative numbers seen in the first two quarters of 2022 (-1.6% However, as seen in the BLS chart below, the rate is far above the level of job opportunities for any year from 2001-2021. economy quite yet.

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The Top 5 Factors That Influence Employees’ Intent to Stay

Newmeasures

Movement in the job market reached record levels in 2022. We asked over 46,000 employees why they plan to stay with or leave their organizations in 2022 to help guide us in making decisions about retention in 2023. When we asked these individuals why they would leave, the most common reason was compensation. Why Do They Stay?

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New Bureau of Labor Statistics (BLS) Data – What does it mean for HR? (i4cp login required)

i4cp

Overall, while the numbers reported last week continue to be off the peaks from late 2021/early 2022, some of them remain at historically moderate-to-high levels. While there is clearly now a nearly two-year trend downward, that is coming off a very high peak in March 2022. million more job openings than any month from 2001 to 2020.

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New Bureau of Labor Statistics (BLS) Data – What does it mean for HR? (i4cp login required)

i4cp

Overall, while the numbers reported last week continue to be off the peaks from late 2021/early 2022, some of them remain at historically moderate-to-high levels. While there is clearly now a nearly two-year trend downward, that is coming off a very high peak in March 2022. million more job openings than any month from 2001 to 2020.

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The Latest BLS Data Reinforces HR Leaders’ Top Priorities for 2023 (i4cp login required)

i4cp

Overall, while the numbers reported this week continue to be off the peaks from late 2021 / early 2022, they remain at historically high levels. has essentially been unchanged from July through November of 2022, and is a mere three-tenths of a percent below the all-time high of 3.0% What does the latest data say? The quit rate at 2.7%