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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.

Payroll 241
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U.S. Census Pulse Survey Finds Small Businesses Getting Slammed

Small Business Labs

Census has created a Small Business Pulse survey to track and measure how small businesses are faring during the COVID-19 pandemic.    As the Census chart below (click to enlarge) shows , 51% of the small businesses surveyed reported that the pandemic was having a large negative effect on their business. 

Payroll 187
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The Key To Satisfied Customers? Satisfied Employees

Allwork

90% of respondents in the organization’s third-annual “Voice of the Workforce” study, which surveyed over 1,100 full-time U.S. Addressing common issues like payroll errors and streamlining benefits enrollment through advanced human capital management (HCM) solutions can also greatly improve employee satisfaction.

Payroll 130
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The Four Horsemen of the Mandated Return to Office

Allwork

A Future Forum survey found that 21% of all White knowledge workers wanted a return to full-time in-office work, but only 3% of all Black knowledge workers wanted the same. A June 2022 McKinsey survey of all workers, remote-capable and not, provides further context on preferences for hybrid work. Resistance .

2022 342
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While Large Firms Can Afford Layoffs, Small Companies Are Labor Hoarding

Allwork

In short, instead of facing the hefty expenses of laying off employees and training new ones, organizations are turning to higher payrolls for current workers. But despite the layoff rate falling, employee quit rates continue to climb. .

Payroll 245
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The Promotion Paradox: Is This Retention Strategy Backfiring?

Allwork

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 146
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Strategies For Success In Senior HR Roles In The Future Of Work

Allwork

Data-driven decision-making According to this recently published survey of HR professionals, the modern CHRO needs to “operate under constant uncertainty.” Essentially, the traditional CHRO was reactive. Or, to take a page from Heraclitus, modern CHROs must understand that change is the only constant in life.

Health 296