May 2024 Mid-Month Employment Update
Matt Becker
Strategic-Partner/Owner @ PrideStaff | Business Development, Staffing Solutions, Public Policy, and Economic Development, Community Engagement
The Leadership Corner – Your Pulse on Employment
Since 2019 U.S. rents have grown 30.4% while wages have grown 20.2%. In Tampa, in that same time period, rents have grown 50% while wages have grown 15.3%. (Zillow )
49.9% of homeowners and renters regularly or greatly struggle to afford their housing payments. (Redfin )
Job postings on Indeed year over year in the Tampa Bay market have dropped 16.1% (Indeed )
8 in 10 employees want a 4-day work week, working 10-hour days. (resumebuilder)
In 2023 33% of US employees overall were highly engaged according to Gallup. However, in first quarter 2024 that percentage dropped 3% to 30% of employees being highly engaged. The lowest reported level of engagement since 2013. (Gallup )
?…43% of U.S. workers say they are burnt out at their job right now, with nearly half (47%) hesitant to discuss burnout with their boss. (ASA )
33% of Americans surveyed have layoff anxiety right now. They fear they will lose their job or never find another. (Clarify Capital )
?MIT says that a single parent with one child in Tampa Bay needs to earn $37.43 per hour for a living wage.? (Livingwage.MIT )
Heard In the Interview – Comments from Employees Looking for Work
“I live in Tampa… (Me: Where specifically in Tampa do you live? Your address is not on the resume) …Them: ummm, Hillsborough County?”
?“I can work any shift, but I can’t work after 7pm or before 7am.”
“I need full time work, but I can’t work at all on Mondays or Wednesdays.”
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Newsflash – National Employment News Floridians Should Know
-????????? The EEOC updated its guidance on harassment in the workplace under EEOC-enforced laws. (EEOC )
-????????? As of May 2024 the United States has 8.8 million job openings but only 6.4 million unemployed workers. (US Chamber of Commerce )
-????????? In Q1 24% of employees received a counter offer from their current employer, up from 21%. (Ziprecruiter )???? ?
-????????? The top three reasons why candidates withdrew from the hiring process are their time being disrespected due to poor communication or never receiving feedback, the process taking too long, and the salary not meeting their expectations. (SHRM )
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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