Tight Labor Market Leaves Employees Overworked
Tightness in the US labor market is usually a good thing for workers: It’s easier to find jobs and existing staff should have more bargaining power. But a Gallup report highlights the dark side: Employers look to their current employees to fill in where postings remain open.
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Almost 60% percent of employees surveyed by Gallup say their organization has recently asked workers to take on additional responsibilities. That often means shouldering extra work without additional pay.
And that reality is set to become even more stark in 2024 as companies budget for smaller merit raises than the past two years.
Especially in certain industries, like health care, labor shortages have become an increasingly hot-button issue for workers who say they’ve been overworked to the point of burnout .?
Readers: Are you currently experiencing burnout? Tell us more by joining the conversation below.
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LinkedIn Cuts 668 Jobs in Second Round of Layoffs This Year
Microsoft’s LinkedIn is cutting about 668 roles across its engineering, product, talent and finance teams. These are the second such cuts this year as fewer companies use the hiring platform and corporate social network. LinkedIn is “continuing to invest in strategic priorities for our future and to ensure we continue to deliver value to our members,” the company said.
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1 年Please look at my posts on age discrimination. Corporations and their HR departments are their own worst enemies. A corporation is a living breathing organism. Why do they drive out many people with the institutional knowledge and wisdom where one person with a career of 20-30 years is worth 2-3 new hires. They are so shortsighted. Michigan has no said teachers that have retired can come back to teaching with no loss in benefits or pensions. Yet our companies decide that a 22-25 year old can work with a COO or a high level person as a client who knows they have no gray hair or expertise. One day the HR and AI algorithms that choose who get looked at will change. Most work is professional services yet corporations loose all the money invested in their personnel that could mentor and hand down the legacy. We are running out of young people with skills to fullfill the jobs of today so why not look at the baby boomers and being back workers with experience, years of experience and knowledge all for the shortsighted view of corporate HR and leadership. There is no worker shortage as their are plenty of experienced retirees that would enjoy working again on their terms and bring much value with them.
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1 年I think workers need more advantages and protection in case of more work.
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1 年Thanks for posting
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1 年Thanks for the updates on, The Bloomberg News.