Remove 2023 Remove Compensation Remove Hiring Software Remove Retention and Turnover
article thumbnail

The latest JOLTS report shows even more cooling in the labor market, but the biggest takeaways lie beneath the top-level data

HR Brew

Job openings posted on the last day of July fell to a new low since January 2021, according to the newest Job Openings and Labor Turnover Survey (JOLTS) report released by the US Bureau of Labor Statistics on Wednesday. Hires increased little to 5.5 million in June, but fell by 212,000 positions from July 2023. million to 3.3

article thumbnail

Top Ways to Leverage Technology for Workforce Planning 

MP Wired For HR

Top Ways to Leverage Technology for Workforce Planning October 22nd, 2024 Share on Facebook Share on Facebook Share on LinkedIn Share on LinkedIn As we’ve discussed earlier in our most recent blog series , effective workforce planning is crucial for organizations aiming to maintain a competitive edge.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Equal Pay Day 2025: Understanding the Pay Gap and How to Close It

Trusaic

After progress was made for the first time in 20 years in 2023 , the gender pay gap returned to its previous levels in 2024. figure in 2023. The unadjusted pay gap is an essential measure because it reflects broader disparities in hiring, promotions, career advancement, and opportunity.

article thumbnail

Executive Hiring Process That Drives ROI: Why Fit Beats Pedigree

Hoops

You’re Not Just Hiring an Executive. You’re Hiring Your Next 5+ Years. One great executive hire can realign your org chart, accelerate revenue, and unlock growth across every department. One wrong hire? In today’s market, executive hiring is a competitive lever, so long as you have the right executive hiring process.

article thumbnail

Workforce Planning Is a Team Sport: Why HR and Finance Must Join Forces

MP Wired For HR

Finance needs visibility into hiring trends. Key Benefits of HR + Finance Collaboration Smarter Hiring Decisions Aligning talent strategy with financial forecasting ensures you’re hiring the right roles at the right time—and avoiding unnecessary spend. HR needs insight into budget constraints.

article thumbnail

Leveraging Purpose-Driven Work to Boost Employee Retention in 2025

Hoops

With turnover rates on the rise and employees increasingly seeking roles that align with their values, traditional retention strategies like competitive pay and benefitswhile still essentialare no longer enough. At Hoops, we understand that building championship teams means addressing the full talent lifecyclefrom hiring to retention.

article thumbnail

Workforce Planning is a Team Sport: Collaborating for Success

MP Wired For HR

Understanding the financial implications of hiring decisions allows HR to strategically place the right talent in the right roles, ensuring that the workforce operates at peak efficiency. Higher Employee Retention: Financial investments in employee development, guided by HR insights, can significantly enhance employee retention.