Workers would rather ‘quit’ than RTO
A poll by Morning Consult taken during the first week of the year showed 55% of remote workers would consider leaving their job if asked back before they felt safe, up from 45% a week earlier.
Toxic Workplace Culture Is a Bigger Driver of the Great Resignation Than Pay
Company culture was 10.4 times more likely to predict employee attrition than compensation, a new study finds.
Hiring insights from EY, finding a new role mid-career, and more job seeker news
How do you get hired at a Big Four firm? I recently chatted with Donna Khawaja, Director, Talent Management and Operations for Canada at EY, to learn about how the hiring process in professional services has changed this year, which skills are in demand and what it takes to get in the door today.
In Hot Job Market, Salaries Start to Swell for White-Collar Workers
Professionals toward end of 2021 see compensation jump at fastest rate in nearly 20 years, with law and finance reaping significant gains.
Cyber jobs go begging in US
About 600,000 cyber security jobs are open across the U.S., a Commerce Department database shows, testifying to a severe talent drought.
How to Attract Top Tech Talent
Labor markets are tight for many types of workers, but that’s especially true for employees with technical skills. Demand for these workers by non-tech companies has increased even as tech giants like Facebook and Amazon seek to hire thousands of them. To fill these roles at a time when highly-skilled people have many opportunities, seek to broaden the funnel of potential candidates by thinking harder about what skills are truly essential (and which are trainable), and by making your company more appealing to potential workers.
Tech talent war getting more 'fierce'
NC TECH released its inaugural North Carolina Tech Innovation Index, National Metro Comparison with a briefing from Ted Abernathy with Economic Leadership. The Index compares the performance of the state’s metros against other top metros in the country. The methodology, developed with input from tech leaders, uses a list of metrics grouped into three subindexes: tech talent supply, tech talent demand, and innovation.
Hiring surges above pre-COVID level
The industries with the biggest monthly hiring gains were education (13.5% higher); arts (12.9% higher); and manufacturing (12.6% higher).
San Francisco was the only metro area where hiring still lagged pre-COVID levels (0.7% lower).
Separately, the Labor Department reported new jobless claims rose less than expected last week, following a plunge tied to seasonal effects.
Job seekers want more money
Some 56% of respondents cited it as a top motivation for seeking out a new opportunity. That stat is even higher in industries hard-hit by the pandemic, such as entertainment (69%), wellness/fitness (67%), retail (64%) and education (63%).
Goldman's bid to combat burnout
As more employees re-evaluate and change their careers amid the pandemic, Goldman Sachs is introducing a slate of new employee benefits to convince workers to stay. The Wall Street firm is making it easier to take time off, including expanding bereavement leave and introducing an unpaid sabbatical, in addition to boosting its retirement fund matching contribution for some.
The world's most expensive cities
While much of the world has been reeling from rising prices this year, Tel Aviv is the most expensive city of all, according to the latest Worldwide Cost of Living Survey from The Economist Intelligence Unit (EIU.) Rising oil prices and supply chain issues have pushed prices higher for many goods around the globe this year, driving up the cost of living. Paris and Singapore round out the top cities on the list, while most American cities fell in the rankings.
Google's motto put to the test
Of all the lofty ideals in Silicon Valley, few are more famous than Google's motto: "Don't be evil." Now, three former employees are suing the tech giant for allegedly betraying that credo. The trio say the motto "amounts to a contractual obligation," and that they were wrongly fired for organizing employees against Google's "evil" doings. But Google claims the employees were fired for violating data security policies, with the situation raising questions about what being "evil" really means.
H1-B visas fall most in decade
Job openings in the tech industry may have crested this year, but the number of immigrants filling them under the H1-B visa program has fallen the furthest in a decade. Department of Labor data show engineering and mathematics workers on the visa program dropped 12.6% in the year ended in September, as tightened immigration policies and lockdowns under the pandemic slowed processing. In the same month, there were a record 230,000 jobs open in the tech sector.
The top jobs to get ahead
People are actively switching jobs and even fields during The Great Reshuffle. Many are searching for more fulfilling positions, but they may not want want to lose too much professional ground when taking a leap.
Recruiters are hard to recruit
The latest supply and demand conundrum hitting the labor market: Job postings for recruiters have more than doubled since the start of the year, but "there aren’t enough of them to go around."
Pay review? Inflation's your friend
As year-end salary conversations approach, American workers share a common complaint: rapidly rising inflation. The spike in consumer prices is offering workers a new angle for their pay negotiations, Bloomberg reports, just as a tight labor market gives employees more leverage. While wages have climbed for lower-paid jobs, salaries of many office and higher-income employees haven't kept up, per the report, and 1 in 5 Americans are expecting a raise of at least 10% in the coming year, according to a University of Michigan survey.
Quitting ain’t just for workers
Bosses are joining the Great Reshuffle put in motion by the pandemic, according to Axios. The number of chief executives signing onto new public companies in markets around the world jumped to 76 in the first half of the year — the most by far since executive search firm Heidrick & Struggles began keeping record in 2018.
Pay bumps mean better service: Study
According to one study, after one California city raised its wage, complaints about service fell
Who Is Driving the Great Resignation?
The last several months have seen a tidal wave of resignations, in the U.S. and around the world. What can employers do to combat what’s being called the Great Resignation?
Women are leading the way in the ‘Great Resignation.’ Here’s what it means for employers and job seekers
Women are leading the way in the ‘Great Resignation.’ Here’s what it means for employers and job seekers