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

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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.

Payroll 271
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Job Openings Drop to Three-Year Low, Indicating Cautious Hiring in 2024

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Data in the latest Job Openings and Labor Turnover Survey (JOLTS) published by the U.S. million job openings falling below all but one estimate in a Bloomberg survey. This three-year low in job vacancies — along with a 2.1% labor market, and business and finance decision-makers can use it as a tool to help navigate 2024.

2024 147
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The Promotion Paradox: Is This Retention Strategy Backfiring?

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Promotions, typically seen as milestones that boost an employee’s position within a company, might actually be pushing people out the door, according to payroll-services provider ADP’s new Today at Work survey. The report reveals a staggering 29% of employees quit their jobs within a month after their first promotion.

Promotion 147
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Strategies For Success In Senior HR Roles In The Future Of Work

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Data-driven decision-making According to this recently published survey of HR professionals, the modern CHRO needs to “operate under constant uncertainty.” Predictive algorithms and self-service analytics are excellent tools, but they need someone to interpret the data provided. Essentially, the traditional CHRO was reactive.

Payroll 299
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12 Last-Minute Gift Ideas For Digital Nomads

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Another digital tool that almost every digital nomad needs is an accounting software package so they can track their income and expenses. . And for self-employed freelancers or business owners, you can generate invoices, manage your payroll and track time on projects. . Accounting software subscription . Grammarly subscription .

Gifts 290
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They’re Back: Boomerang Employees on the Rise for Good or Bad

Success

In a 2022 survey by payroll firm UKG, “Four out of 10 people (43%) who quit their jobs during the pandemic now admit they were actually better off at their old job.” While Stripling hasn’t experienced it himself, most everyone he knows has suffered at some point from not having the tools or data to make the right decisions.

2021 297
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How to Maintain Your Company Culture Past the Startup Stage

Success

Another tool for CEOs is to answer the question, How do I want to be remembered? One answer is that as the company payroll increases, they cannot have a personal relationship with every employee and they lose sight of what’s happening below them. The increased ability to self-monitor made a huge difference to Kittle.

Payroll 298