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The Battle for Candidates: Why Employers Are Struggling to Hire Talent In 2021 – Part 1

It’s no secret that the COVID-19 pandemic and stimulus checks have transformed the job market for good. Remote hiring, a shrinking labor force, and a lack of candidates are just a few of the big changes that are affecting companies all over the US. You might be wondering how organizations are having a hard time […] Read Article “The Battle for Candidates: Why Employers Are Struggling to Hire Talent In 2021 – Part 1”

Truck driver wage
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Increased Demand Fueling Wage Increases for Truck Drivers

While most industries have managed to spring back into action despite the COVID-19 pandemic causing far-reaching disruption, the effects of social distancing and lockdowns are still seen in many sectors. The shipping and transportation sector was slowed down to a steady crawl in 2020 as social distancing and lockdowns hit, and as the industry has […] Read Article “Increased Demand Fueling Wage Increases for Truck Drivers”

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As the Labor Force Shrinks, Wages Increase

The labor force in the United States is the powerful motor that drives economic growth and makes it possible for companies in different industries to hire a wide range of talent and continue innovating. The U.S. labor force participation rate has been steadily falling for about 20 years and will probably result in some big […] Read Article “As the Labor Force Shrinks, Wages Increase”

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Upcoming Minimum Wage Changes and How They Could Impact Your Business

In 2019, the U.S. House of Representatives passed a bill called the “Raise the Minimum Wage Act”, which would lift federal minimum wage to $15 per hour by 2025. What would this mean for our economy? How are independent, publicly traded companies dealing with this? Let’s take a look.  Minimum Wage Plans  The federal minimum wage currently sits at $7.25 […] Read Article “Upcoming Minimum Wage Changes and How They Could Impact Your Business”

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What will President Trump’s executive order mean for recruiting and hiring?

The executive order is set to replace the CARES Act. You’ve probably seen the headlines—some covering the roadblocks this order could face—so we won’t spend too much time here. The most relevant point related to the labor market is this: The executive order does not include one-time stimulus checks for employed and unemployed individuals (they […] Read Article “What will President Trump’s executive order mean for recruiting and hiring?”

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COVID-19, Wages, and Your Business

Much of today’s COVID talk is about public health, first, and the economy, second, and rightfully so. But there’s a third topic that’s heating up: COVID’s effect on wages. Let’s take a look at the current state and where we could be heading next. The CARES ActThe pandemic triggered record-high unemployment and the $2.2 trillion […] Read Article “COVID-19, Wages, and Your Business”

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2016 Year in Review: What do wages have to do with it?

We are in the final stretch of 2016! All told it’s been a good year. We have seen consistent economic growth that rivals pre-recession periods without an apparent bubble. If you have been paying attention to the Bureau of Labor Statistics’ monthly status reports, then you’re familiar with the trends. Most industries have experienced overall […] Read Article “2016 Year in Review: What do wages have to do with it?”