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

i4cp

About the data The latest U.S. Bureau of Labor Statistics (BLS) data was released last week. This included the JOLTS (Job Openings and Labor Turnover Summary) data and The Employment Situation report. The JOLTS data is current through November (preliminary), while the employment data is for December 2023 (preliminary).

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

i4cp

About the data The latest U.S. Bureau of Labor Statistics (BLS) data was released last week. This included the JOLTS (Job Openings and Labor Turnover Summary) data and The Employment Situation report. The JOLTS data is current through November (preliminary), while the employment data is for December 2023 (preliminary).

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How Earned Wage Access Provides Relief in the Era of High-Interest Loans

DailyPay

Since July of 2023, interest rates have sat between 5.25% and 5.50% and that’s the highest they’ve been since 2001. As per the most recent CFPB data available, as many as 12 million Americans are estimated to take out a payday loan each year, spending $9 billion on loan fees.

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401(k) Match Limits 2019: What Payroll Administrators Need to Know

Paycor

It’s a relatively small change, but it’s a change for payroll administrators to take notice of. The Economic Growth and Tax Relief Reconciliation Act of 2001 ( EGTRRA ) created the catch-up contribution provision so older employees could set aside enough savings for retirement. What’s a 401(k) Catch-Up Contribution?

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Don’t Fear HR Automation, Embrace It to Create Better HR Processes

Netchex HR Blog

We don’t want to rely on Hal 9000 from 2001: A Space Odyssey to resolve conflicts involving personnel, but what exactly is HR automation and what is its role in Human Resources? With technology integration , you don’t have to manually transfer data between systems. Reduced errors It’s true that everyone makes mistakes.

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WorkforceHub Simplifies Labor Management for Your Retail Clients

SwipeClock

In fact, we’ve been a leader in the small business timekeeping market since 2001. Automate Timekeeping Integrated With Payroll As mentioned, WorkforceHub makes it effortless to track employee time and attendance. We wanted to help them save money, reduce timekeeping errors , and avoid noncompliance.

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2017 HR Prediction: Layoffs

Laurie Ruettimann

It’s December 2001 and America has only just begun its war in Afghanistan. But I don’t ask a lot of questions because I’m too busy putting new executive leadership teams on our payroll, getting them apartments in Chicago so they can come to town for meetings, and leaving their old benefits in place. And layoffs.