Some nurses in Minnesota are demanding triple pay for their hours while travel nurses are being utilized. Members of the Minnesota Nurse Association (672 to be exact) filed a petition with hospital management at six Mayo Clinic facilities. Wage fairness and retention bonuses were also listed. A $4,000 bonus was also requested to be paid
Companies are going to have to do better with salary increases if they want to retain their talent in the U.S. labor market. Average salary budgets of 4% (or a median of 5%) were seen in 2021. However, a 5% average or 6% median increase is the rate at which respondents to a recent survey
Jobs with a salary of $100K+ have shifted to being remote more now than before the pandemic. Pre-COVID, about 4% of all jobs were remote. By the end of 2020, that rose to 9%, and by the end of 2021 it increased to 18%. By the end of 2022, it’s predicted that 25% or more
Cash bonuses are queen as employers grapple to hold onto talent. Per a recent report, 68% of HR leaders surveyed said they “increased the number of employees eligible to get a cash bonus”. Over 50% surveyed expected to “grant average merit increases of more than 5%”. On the flipside, more than half of those surveyed
Wrapping up our webinar series in 2021, we had three talent acquisition leaders form our latest peer forum. It was a lively, no holds barred discussion focused on having gone through the ringer this past 20 months but also a look toward talent acquisition in 2022. What were the biggest challenges that kept them up
The GDP forecast for Q1 and Q2 of 2022 has risen…but the same can’t be said for the back half of 2021. For Q3 and Q4 of this year, the GDP is looking to have increased at an annualized rate of 3.8%, where previously much faster growth was expected of 6.7%. When looking at 2022,
Taco Bell joins the ranks of restaurants working to increase their minimum wage. The company plans to implement the hike to $15 an hour by mid-2024. In addition, employees will receive benefits such as complimentary therapy for corporate employees at restaurants and its headquarters. High turnover and a shortage of labor have plagued the
Small businesses have implemented the biggest percentage increase in hourly wages (since 2011, when the data was tracked). Businesses with less than 50 workers have had a $1.17 increase since November 2020 bringing the average hourly rate to $29.88. This marks a record 4.1% annual increase. CEO Confidence has fallen in the midst of
Tech salaries in the U.S. have decreased a bit (1.1%) as companies look to hire junior candidates for senior roles. A rising competition for software developers and other tech workers, partially due to the “Great Resignation” has caused companies to bring on cheaper, less experienced workers. (more experienced workers are experiencing an increase in pay)
Raise your hand if you feel like it can’t possibly be the holiday season already because you swear you just celebrated 4th of July (if you’re in the States). 🙋♀️ 🙋 But, here we are. In that part of the year where the days sort of meld together and you feel like you’re celebrating the December