wages Tag

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The landscape of employment is undergoing a significant shift. We're witnessing a trend of rising wages across various industries and regions, which presents a unique atmosphere for hiring managers and business owners. Understanding this trend and its potential impact on staffing is important for planning ahead in terms of your workforce. This article offers information and strategies for adjusting to wage increases. We will discuss changing wage regulations and address common concerns related to higher employee pay. We hope to equip you with a better understanding of how rising wages impact hiring practices and receive practical tips for navigating this shifting landscape. The New Landscape of Wage Regulations Effective July 2024, the US Department of Labor's (DOL) Final Overtime Rule implements key...

After the pandemic took a large toll on the United States economy, employees who had previously lost their jobs have made a return to the workforce and employment in the country has made a comeback. Despite the return to work, inflation has become a serious issue and the economy is on the brink of another recession, something that has not happened since 2020 due to the COVID-19 recession. As costs for goods and services continue to rise, American workers are feeling the strain on their wallets. Incomes for workers have stayed stagnant while prices for things like food, gas, and household goods continue to grow at a high rate. The U.S. remains in a tight labor market that is...