Asutosh Padhi’s Post

“On average, Americans are working fewer hours than they were last year and in 2019, according to Liv Wang at labor market think tank ADP Research Institute. ‘We see higher wage growth since the recovery. But if people are working less, their total earnings are still less than inflation,’ she said. ADP finds weekly work hours are down for women and for the highest earners, but lower-income workers and men are still putting in at least as many hours as before the pandemic.” #bloomberg #ADP #adpmarketplace

According to McKenzie, these are the top 3 reasons of the current crisis in the US labor market: 1. US population is aging quickly and retiring 2. Jobs-skills mismatch3. Workers re-evaluation what they want from a jobOne crucial miss: Women's drop from participating in workforce. Except for the first, the rest are all solvable. Social assistance is no longer an option but a must. Treat employees like human beings. https://mck.co/3Wez1AQ

Explore the Workforce Equity Reports to get insights and analysis from disaggregated data in five U.S. regions and the actionable recommendations to move toward an equitable economy. https://lnkd.in/dneQmBg

With organizations tightening their spending in loom of a possible recession, #DEIB roles are on the chopping clock. isolved's #ChiefExperienceOfficer, Lina Tonk, shares how we got here in this SHRM article.

With organizations tightening their spending in loom of a possible recession, #DEIB roles are on the chopping clock. isolved's #ChiefExperienceOfficer, Lina Tonk, shares how we got here in this SHRM article.

The U.S. economy grew at 3.3% at the end of last year, with a boost coming from blue-collar and white-collar workers. In this episode of MainStreet Macro, ADP chief economist Nela Richardson takes a closer look at four trends impacting those workers and the three key relationships influencing inflation and overall economic health. For more insights, go to: https://bit.ly/3VkyGx7

With organizations tightening their spending in loom of a possible recession, #DEIB roles are on the chopping clock. isolved's #ChiefExperienceOfficer, Lina Tonk, shares how we got here in this SHRM article.

With organizations tightening their spending in loom of a possible recession, #DEIB roles are on the chopping clock. isolved's #ChiefExperienceOfficer, Lina Tonk, shares how we got here in this SHRM article.

“Geopolitics was the top source of concern for the CEOs surveyed, outranking rising regulation, which came second. Inflation concerns fell to third place, with only 27% ranking it among their top three concerns, compared to 51% in the previous survey. The labor and skills shortage, which was near top-of-mind last year, has fallen even more.” In this context, sign up for EACC Florida - European American Chamber of Commerce Florida program on April 18: “Geopolitics in Motion. Re-Thinking your Strategy and Resources”. https://lnkd.in/e84uct7V #eaccfl #eacc #geopolitics #transatlantic #midmarket #internationalisation #expandingoperations #internationalbusiness

Interesting posits here: Partisan political messaging “trumps” reality, regardless of which party is in power; and perceptions of the middle class workforce have been skewed by the skyrocketing ratio of pay for executives vs. the workforce.