Top Workforce & Talent Solution Trends - May 2023
Imagine Staffing Technology, An Imagine Company
From Hire to Higher
Slow and Steady Job Growth Ahead as Employment Trends Index Rises in April
“Job openings and quits have declined, layoffs have ticked up, and compensation growth is softening,” said Frank Steemers, Senior Economist at The Conference Board. “Still, the labor market remains resilient and tighter than before the pandemic, complicating the Federal Reserve’s efforts to slow inflation. This may prompt the Fed to raise interest rates by an additional 25 basis points to decelerate job growth and wage gains.”
He added that The Conference Board is still expecting a short, mild recession this year, “although it may take until later in the year to see substantial weakening in job growth, or monthly job losses.”
Job growth totals 253,000 in April, beating expectations even as the U.S. economy slows
Job growth fared better than expected in April despite bank turmoil and a decelerating economy, the Labor Department reported last Friday.
Artificial Intelligence in the Workplace: What is at Stake for Workers?
People analytics is an increasingly popular HR practice that uses big data and digital tools to “measure, report, and understand employee performance, aspects of workforce planning, talent management, and operational management.”
Strategic cost management is among top priorities for employers
UnitedHealthcare Local Markets CEO Darren Moquist explains why employers are seeking ways to better manage their health care costs.