Happy Friday and Happy Holidays! Take a look at this week’s must read articles for recruiters, hiring managers and everyone in between:
What to know about salary trends in 2023 (Read @ HR Executive)
Compensation is always an important part of the employer arsenal, but in 2023, that might be more true than ever. Fueled by a confluence of factors—rising inflation and changing employee expectations among them—HR leaders are planning to turn to larger-than-usual salary increases in 2023, data indicates.
Why Internal Mobility Should Be a Top Priority Right Now (Read @ LinkedIn)
Internal mobility sounds great in theory. But in practice, it’s often hard. Employees can struggle to find internal opportunities. Hiring managers may be reluctant to let their best talent go. And HR may not have all the systems in place to make transitions with ease.
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A (Mostly) Positive Labor Market Forecast for 2023 (Read @ ERE)
The year is closing with another strong employment report from the U.S. Bureau of Labor Statistics. For November, the U.S. economy added 263,000 jobs, and the unemployment rate remained very low at 3.7%. Despite the constant anticipation of more negative news, along with many high-profile layoffs, the U.S. labor market has displayed very few signs of a major slowdown.
To Hire, Stop Thinking Like a Recruiter. Think Like a Candidate (Evil HR Lady)
Recruiting is far more complicated than filtering through eager candidates’ résumés and submitting the top five to the hiring manager. It’s all about building relationships, figuring out transferrable skills, and acting as a bridge between the hiring manager and the candidate.
7 Principles to Attract and Retain Older Frontline Workers (Read @ Harvard Business Review)
Facing high inflation, jittery markets, and retirement accounts at risk, many older adults want and need to work longer. Employers, confronting skills deficits and workforce shortages, are desperate to hire, especially for frontline roles.
A running list of states and localities that require employers to disclose pay or pay ranges (Read @ HR Dive)
A new front has emerged in state and local governments’ attempts to address pay inequity. Once an addendum to broader laws restricting the ability of employers to ask about pay during the hiring process, pay disclosure requirements have now become full-fledged, targeted pieces of legislation in a growing number of jurisdictions.
How Your Talent Acquisition Team Can Help Create A Sustainable Talent Strategy (Read @ Forbes)
Employee retention is a problem, with employee turnover costing U.S. businesses $1 trillion every year. People teams are well aware of the financial strain this can cause and have prioritized improving retention and engagement as a result. This shift in market conditions has led HR and talent management leaders to focus on more effective internal mobility policies to keep employees engaged and reduce the overall impact and expense of a reduction in force (RIF).
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