August 2024 Mid Month Employment Update

The Leadership Corner – Your Pulse on Employment

Per a recent study, employees in the state of Florida are 25% more likely to hand in their resignation in 2024 and rank 5th in the nation for people contemplating a career change. (Innovative Human Capital )

As of the third quarter of 2024, reviews with the word “burnout” are now 44% above pre-pandemic levels during the fourth quarter of 2019 on the employment platform Glassdoor. (HRD )

Gallup has calculated that 62% of the worldwide workforce is not engaged in their positions, with another 15% being "actively disengaged. (State of the Global Workplace )

The share of small firms that report jobs are ‘not able to be filled right now’ stood at 38% in July…well above the July 2009-January 2020 average of 23%. This share is expected to remain elevated due to an aging workforce, labor hoarding, and talent shortages. (The Conference Board )

So far this year, companies have announced 460,530 job cuts, down 4.4% from 481,906 cuts announced through July last year. (Challenger Gray )

Currently 5.3% of civilian labor force individuals are holding multiple jobs (FRED St. Louis )

Top PrideStaff Candidates Available in the St. Pete/Clearwater and Tampa areas

AP/AR Specialist: This candidate lives in Tampa and spent the past 4 years with one company handling AP/AR. Also has significant medical office experience and is trilingual. Looking for $21 an hour.

Warehouse Associate: Spent the past 3 years as a warehouse assistant and promoted to warehouse manager. Has held a forklift certification and comfortable on computers. This candidate lives in Tampa. Looking for $18 an hour. ?

Office Manager/Bookkeeper: Spent 12 years in one role as an Office Manager/Bookkeeper for a small business, has over 15 years’ experience in well-rounded Office Manager roles where they handled HR, finance, and customer relations. This candidate lives in Oldsmar and is looking for at least $20 an hour.

Newsflash – National Employment News Floridians Should Know

-?The Florida minimum wage will increase by $1.00 to $13.00 an hour on September 30th, 2024. (DOL.gov )

-Among the roughly 30% of employees who are somewhat or highly likely to quit their jobs this year, 56% cite low pay, 44% seek better benefits and 43% experience excessive work stress. (ResumeBuilder )

- Indeed job postings are down 11.8% year over year, remote work is down 0.3% year over year, and wages are down 2.0% year over year.? (Indeed Hiring Lab )

?Business Owners and Leaders

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At PrideStaff, our mission is to deliver the value that "matters most" to our clients. Simply put, we custom tailor our services to you and your objectives. We want to help you, so feel free to contact us if you are struggling to hire, or keep, the talent in your business.

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Tampa Office - 813-560-8780

Clearwater Office - 727-748-4141

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