Workplace Insights: What's Hot, What's Not

Your latest INSIGHTS & TRENDS for the Week of September 4, 2023

There are so many current headlines surrounding the workplace, it's hard to keep up. To make this as easy as possible for you, Workplace Insights: What's Hot, What's Not, will provide you with the latest updates that may impact your organization as it relates to market trends and current industry insights.

1. A new regulation proposed by the Department of Labor would make 3.6M more workers eligible for overtime pay. This regulation would require employers to pay overtime wages to full-time salaried workers who are in executive, administrative, and professional roles but make less than $55,068 per year, up from the current limit of $35,568 per year.
2. Citing lower inflation figures as well as a stubbornly robust labor market, Goldman Sachs Chief Economist Jan Hatzius cut his recession forecast from a 20% chance to 15% chance.
3. 6 things to know about the job market right now: It’s ‘near-perfect,’ economist says.
4. Employers added 187,000 jobs in August, showing resilience but slower growth.
5. Over 300 million jobs worldwide might be affected by AI, according to a March Goldman Sachs analysis, and the multinational consulting firm McKinsey predicted that by 2030, at least 12 million Americans would switch to a different line of employment.

We hope you are benefiting from this resource. If you have anything you would like to add or specific questions, please drop us a line.