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U.S. Employers Shift to Merit-Based Pay Raises, Impacting Workforce Compensation

U.S. Employers Shift to Merit-Based Pay Raises, Impacting Workforce Compensation

U.S. Employers Shift to Merit-Based Pay Raises, Impacting Workforce Compensation
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Shift from 'Peanut Butter' Pay Raises to Merit-Based Increases in 2027

Shift from 'Peanut Butter' Pay Raises to Merit-Based Increases in 2027

Shift from 'Peanut Butter' Pay Raises to Merit-Based Increases in 2027
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Work Institute Releases Quarterly Workforce Trends Report Highlighting Retention Challenges

Work Institute Releases Quarterly Workforce Trends Report Highlighting Retention Challenges

Work Institute Releases Quarterly Workforce Trends Report Highlighting Retention Challenges
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Employers Enhance Mental Health Benefits to Boost Workplace Wellbeing

Employers Enhance Mental Health Benefits to Boost Workplace Wellbeing

Employers Enhance Mental Health Benefits to Boost Workplace Wellbeing
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ADP Reports Modest Job Growth in July with Significant Pay Increases for Job-Changers

ADP Reports Modest Job Growth in July with Significant Pay Increases for Job-Changers

ADP Reports Modest Job Growth in July with Significant Pay Increases for Job-Changers
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CACI Appoints Marcie Small as Executive VP and Chief HR Officer

CACI Appoints Marcie Small as Executive VP and Chief HR Officer

CACI Appoints Marcie Small as Executive VP and Chief HR Officer
Reuters Reuters
US service sector maintains strong growth pace in July

US service sector maintains strong growth pace in July

WASHINGTON, Aug 5 (Reuters) - The U.S. services sector maintained a strong pace of growth in July as an acceleration in new orders was offset by higher prices for inputs and a decline in employment.
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New Zealand's Rising Unemployment and Wage Growth Lag Pose Challenges for RBNZ

New Zealand's Rising Unemployment and Wage Growth Lag Pose Challenges for RBNZ

New Zealand's unemployment rate has risen to 5.6% in the June quarter, marking the highest level since late 2015. This increase surpasses the forecasted 5.4% and reflects a growing labor force that the economy cannot fully absorb. Despite a 0.5% rise in employment, the participation rate jumped to 70.7%, leading to a higher underutilization rate of 13.8%. Wage growth remains subdued at 2.0%, with private sector wages slightly higher at 2.1%, both below the current inflation rate. The Reserve Bank of New Zealand (RBNZ) had previously raised its official cash rate to 2.5% in July to combat inflation, which reached 4.1% in the June quarter. The market anticipates a further rate hike to 2.75% at the RBNZ's September meeting, although the labor market's slack may prompt a more gradual approach.
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ADP Reports U.S. July Employment Growth Below Expectations, Raising Inflation Concerns

ADP Reports U.S. July Employment Growth Below Expectations, Raising Inflation Concerns

ADP Reports U.S. July Employment Growth Below Expectations, Raising Inflation Concerns
Reuters Reuters
US job openings drop in June, hiring increases

US job openings drop in June, hiring increases

WASHINGTON, Aug 4 (Reuters) - U.S. job openings dropped in June amid a sharp decline in the healthcare and social assistance sector, but a rise in hiring and low layoffs suggested the labor market remained stable.
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Rising Costs Drive Record Number of U.S. Adults Under 35 to Move Back with Parents

Rising Costs Drive Record Number of U.S. Adults Under 35 to Move Back with Parents

A recent study reveals a record number of U.S. adults under 35 are moving back in with their parents due to rising living costs. In 2025, 25.2 million adults in this age group lived at home, surpassing figures from the COVID-19 pandemic. Many of these individuals are employed, but their wages are not keeping pace with inflation. The high cost of living, including housing prices and mortgage rates, is making homeownership increasingly unattainable. Karleigh Gaudreau, a 34-year-old business coach, exemplifies this trend, having moved back home after a breakup due to financial constraints. Experts like Susan Wachter from the University of Pennsylvania emphasize the need for societal responses to address affordability issues.
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Talent Management Central to Business Stability Amid Workforce Challenges

Talent Management Central to Business Stability Amid Workforce Challenges

Talent Management Central to Business Stability Amid Workforce Challenges