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U.S. Private Payrolls Miss Growth Targets, Prompting Economic Speculation

Allwork

private payrolls for the month of August increased by 177,000 jobs, revealing labor market growth that was less than anticipated, according to Reuters. The slowing growth in private payrolls suggests that a growing number of businesses might be taking a more cautious approach in their hiring practices. Is this a trend set to continue?

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Will The Cascade Of Bank Collapses Break The Coworking Industry?

Allwork

Three banking pillars in the tech industry in California have collapsed, with the announcement of a winding down of Silvergate Bank, the sudden closure of Silicon Valley Bank and the forced shutdown of Signature Bank. As I see the industry, it could, but not in the same way. Lots of favors are being asked of friends and colleagues.

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Ensuring payroll compliance in 2024: What’s new?

BMT Office Administration

Maintaining payroll compliance is a must for accounting departments, but it’s often easier said than done. That’s especially true whenever new changes come about, and 2023 was a year rife with new payroll regulations, trends, and initiatives. From the implementation of SECURE 2.0 From the implementation of SECURE 2.0

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Flexibility Beyond Arrangements – Why Companies Should Adopt Flexible Compensation Programs

Allwork

Flexibility in location and time is already well-established in today’s modern workforce, but when it comes to compensation and benefits, companies have barely scratched the surface. . The post Flexibility Beyond Arrangements – Why Companies Should Adopt Flexible Compensation Programs appeared first on Allwork.Space.

Payroll 213
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U.S. Private Sector Adds Nearly Half a Million Jobs in June

Allwork

The report, produced by the ADP Research Institute in collaboration with the Stanford Digital Economy Lab, uses anonymized payroll data from client companies served by ADP to provide a comprehensive picture of the labor market. The data also revealed that annual pay increased by 6.4% year-over-year, which was down from 6.6%

Payroll 189
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Do We Really Know How Remote Work Is Transforming The Workforce?

Allwork

For the knowledge industry, which often relies on devices and reliable WiFi to operate, three out of five workdays are completed remotely according to the economists. Of course, when it comes to the frontline and the service industries, the ability to work from home drops tremendously. Every single industry experienced an increase.”

Payroll 228
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Beyond KPIs: What’s The Value Of Treating Your Workforce Like Valued Customers?

Allwork

Employees who receive valuable training and growth opportunities are likely to maintain appreciation for their employer and speak positively about their time spent at their previous job, contributing to the company’s reputation even after they are no longer on payroll.

Payroll 184