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Teen unemployment is on the rise. Here’s why that matters for employers.

HR Brew

in October 2009, in the wake of the Great Recession, and at 32.8% in April 2020. “We While the rising unemployment numbers for teens may raise concerns, they are still a far cry from other relatively recent economic crises. By comparison, teen unemployment was at 27.2%

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How to build strong pay practices despite economic uncertainty

HRExecutive

If you were a compensation or HR professional during 2009 and its aftermath, you likely remember that managing pay during that time of uncertainty meant figuring out how to do more with less to make effective pay decisions. This feels like dj vu all over again. Consider everything thats happened in the past three to five years.

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Election year HR strategies: Preparing for changes to employment laws

HRExecutive

For example, the transition from the Trump administration to the Biden administration in 2020 led to substantial changes in wage and hour laws , worker classification standards and union rights. since 2009 , but many states and municipalities have taken it upon themselves to enact higher standards.

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More companies provide adoption benefits as part of a push to increase family-friendly perks

HR Brew

Last year, 37% of companies offered paid leave for adoption, up from 27% in 2020, according to a report by the International Federation of Employee Benefit Plans. Financial reimbursement for adoption costs didnt rise as sharply, growing to 20% last year from 17% in 2020.

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5 HR-Related Regulatory Developments to Keep an Eye on for 2025

Prism HR

since 2009, a growing number of state and local jurisdictions have adopted or increased their own rates year over year. By the end of 2025, at least 88 jurisdictions will have made updates, which is up 22% from 72 jurisdictions in 2020. Minimum Wage Expansion: With the federal minimum wage stuck on $7.25

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Why Burberry’s 1,700 job cuts signal a luxury market shift

HR Digest

In 2009, during the global financial crisis, Burberry cut jobs and closed facilities in the UK, including a factory in Rotherham, to streamline costs amid declining demand. Similarly, in 2020, the COVID-19 pandemic prompted Burberry to reduce its workforce by approximately 500 roles globally, citing reduced luxury retail footfall.

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Five Years Post-COVID: How SMBs Have Redefined the New Normal

Extensis

occurred on January 20, 2020 , in Washington state. Less than two months later, on March 15, 2020, other states began implementing shutdowns to curb the viruss spread. in January 2020 to nearly 15% in April that year. A look back at COVID-19 The first confirmed case of COVID-19 in the U.S. Heres how: 1.Continued