unemployment rate | Bradley Staffing Group

October 2017

Are you paying your people enough and is that the most important thing to them?

Are You Paying Your People Enough? (And is that really the most important thing to them?)

October has arrived and business owners and managers are already thinking about the looming dread that comes with regulating office Halloween costumes. HR departments are facing a different kind of horror when it comes to issues like salary increases and pay equity. The Bureau of Labor Statistics reported that the unemployment rate fell to a new post-crisis low of 4.2%. It is expected to reach 4.0% by early 2018, ahead of projections. In a tight labor market such as this,...

10/06/2017

By AdminEmployersBenefits Package, Compensation, Employee Retention, Hiring Manager, HR Department, Salary expectation, Top Talent, Turnover, unemployment rate0 Comments

August 2017

Wage Increases are Essential in a Near Zero Unemployment Environment

Goldman Sachs economists underestimated just how low the unemployment rate would drop this year; so much so that they have actually adjusted their outlook for 2018 to 3.8% from the original 4.1% projection. Typically, wage increases occur when the job market is tight because employers have to pay more to attract and retain workers. Despite a current 4.3% unemployment rate, and a highly competitive job market, wages are rising barely faster than inflation. The most recent Bureau of Labor Statistics...

08/10/2017

By AdminEmployersBureau of Labor and Statistics, Compensation, Employee Retention, inflation, labor scarcity, Talent Pool, Talent Shortage, Top Talent, unemployment rate, wage increase, wages0 Comments

Tag - unemployment rate

October 2017

Are You Paying Your People Enough? (And is that really the most important thing to them?)

August 2017

Wage Increases are Essential in a Near Zero Unemployment Environment