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Worker Confidence Defies Slowing Wage Growth Trends

Allwork

workers remain confident in their ability to negotiate higher pay. According to Morning Consult, this is particularly prevalent in relatively low-skill industries including food & beverage, leisure & hospitality, and retail. The post Worker Confidence Defies Slowing Wage Growth Trends appeared first on Allwork.Space.

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Mastering GenAI: how to bridge skills gaps and boosting employee confidence

Workplace Insight

The introduction of GenAI in the workplace means this skills gap is set to expand. In Udemy’s recent Global Learning & Skills Trends Report, we found that there are three key learning and skills trends for 2024. This is absolutely crucial to inspire confidence among employees.

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Workers Prioritizing Pay Over Perks in Face of Global Inflation

Allwork

Aside from pay, another pressing challenge across the global workforce is the rising prevalence of artificial intelligence (AI) and how that impacts job skills and employee confidence. Among workers who are expecting AI to help them at work, 70% are confident in their skills to advance within the next three years.

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Optimism About Tech Jobs Continues To Fall

Allwork

job confidence in the tech industry fell by 8 points when comparing data from January to May of 2023. job confidence went down 4 points, from +55 to +51 points. job confidence survey is measured on a scale from –100 (most worried) to +100 (most confident). 31, 2022, to June 2, 2023. The U.S.

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U.S. Companies Keep Positive Outlook on Hiring for the Remainder of 2023

Allwork

This positive sentiment represents a 5% increase from late 2022. Additionally, 62% of hiring managers anticipate an increase in employee numbers through the end of the year. s resilient economy and business confidence levels. companies are positive about the hiring landscape through the end of 2023, according to PR Newswire.

2023 243
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Nearly 40% of Hourly Workers Not Earning Enough for Basic Needs

Allwork

New research paints a worrying picture for American workers, with nearly 40% of hourly and skilled-based workers saying their take-home pay is not enough to meet basic needs. . The ‘ America@Work: 2022 Report on the American Workforce’ by Jobcase surveyed 4,000 hourly and skilled-based employees in the U.S. .

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Offering Financial Literacy Benefit Programs Could Save Businesses $40 Billion

Allwork

businesses approximately $40 billion in lost productivity in 2022 alone. Retirement planning workshops Retirement planning workshops can profoundly impact an employee’s financial confidence for the future, reducing uncertainty and anxiety related to post-retirement life. Here are some options: 1.Retirement