RECRUITMENT & RETENTION
It seems that, unlike the rest of us, the labor market didn’t catch a bout of seasonal depression in January.
The labor market was continually strong in January, even as economic concerns like tariffs loomed overhead, according to latest job openings and labor turnover survey data from the Bureau of Labor Statistics. “I do think they beat expectations a little bit which goes in line with what I’m seeing on the ground,” Amy Glaser, SVP of business operations at Adecco, told HR Brew. “I’m optimistic about the US labor market and their ability to navigate through what could be considered turbulent times.”
Diving into the data. Employers had 7.7 million job openings posted at the end of January, up from 7.5 million in December, and beating economists’ forecasts. Similarly, total quits jumped to 3.3 million, from 3.1 million in December. Hires were stagnant, though, remaining at a hiring rate of 3.4%, and layoffs decreased slightly to 1.6 million, down 100,000 from the month prior.
Zoom out. Despite January’s strong JOLTS data, uncertainty still looms overhead. If President Trump’s tariffs go into effect, employers might have to pull back on hiring further. That, in turn, could trigger lower consumer spending, Namboothiry said.
Keep reading here.—PM
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together with Indeed
GenAI is already making huge transformations in hiring and recruitment. But what will its *full* impact on working life look like?
That’s one of the key questions Indeed and Business Insider dug into with their new series, The Better Work Project. This series aims to help leaders like you navigate a changing landscape and new approaches to work, hiring, and growth.
To develop those new approaches, we need some insights on where we’re (likely) headed. The Better Work Project lays out three predictions for the HR industry in 2025, including:
- what new approaches to hiring will look like
- what the impact of work wellbeing will be as a strategy
- how big an impact AI will have (and how it varies by industry)
Get the full deets.
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RECRUITMENT & RETENTION
Most recruiters are familiar with the arduous process of finding the perfect candidate for a role. But how many have turned down a frontrunner?
Before leading talent acquisition at video conference tech company Neat, Talia Hamilton worked as a recruiter in several sectors, including staffing and tech, at companies such as Google. In staffing, she found herself in that scenario.
“I have told people to not take roles before if I don’t think it’s going to be right for them,” Hamilton told HR Brew, later adding, “We’re not selling space here. This is somebody’s life and well-being.” She recalled one such situation, when it was down to the top two candidates. One had a stable job, family to care for, and more to lose if the company failed, while the other was more “free-spirited.”
“I was honest with both candidates, and whereas with one it was like, ‘Well, either way, it’s going to be fun and it’s a party.’ For the other candidate, it was not that mindset at all,” she said. She told the client the same. “I think it was the right thing to do,” she added. “It’s trying to do right by all parties, and being a bit diplomatic in that respect.”
Keep reading here.—PM
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Together With ADP
More than another fish in the sea. Your brand is like your company’s dating profile. It’s how you showcase company culture and values—what makes your organization unique. Read ADP’s article for tips on defining and promoting your employer brand, including identifying your unique value proposition and standing apart from the competition. Read the article. |
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TOTAL REWARDS
Costco’s new employee agreement took effect this week, increasing its minimum wage to $20 per hour and its average wage to more than $31 an hour in the US and Canada.
CEO Ron Vachris told investors the agreement “reflects our continued commitment to provide industry-leading pay and benefits for our employees.”
But the company also acknowledged that its labor investments will come at a cost. Costco estimates the new agreement will create a headwind in the mid-single digits to selling, general, and administrative expenses (SG&A), per CFO Gary Millerchip.
Keep reading on Retail Brew.—AV
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Together With WEX
What if better benefits are possible? Benefits are helpful only if they’re accessible. With WEX, all your benefits live on one streamlined platform. From benefits administration to HSAs, FSAs, and compliance, WEX has what businesses need to engage, educate, and support employees. See what WEX can do for you. |
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WORK PERKS
Today’s top HR reads.
Stat: Some 24% of HR pros say their companies rolled back or ended DEI efforts in tech hiring in the last 12 months. (General Assembly)
Quote: “Most civil servants are trying hard to uphold the law while honoring the legitimate directions from the administration. But a few of them seem entirely focused on serving the administration—and those few have the capacity to do a great deal of damage.”—David Super, a Georgetown administrative law professor, on Trump loyalists inside the federal bureaucracy (the Washington Post)
Read: Following President Trump’s unraveling of a federal government-sponsored fellowship program aimed at attracting top talent to civil service, its alums—some of whom were also sacked by the 47th president—are worried the cuts will mar public service in the future. (ABC News)
Look to the future: Get Indeed + Business Insider’s predictions on what 2025 will hold for HR in their new series, The Better Work Project. See what new approaches to hiring will look like + more.* *A message from our sponsor.
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Are you missing key health benefits in your total rewards package? Discover the low-cost, high-impact perks that improve retention, support families, and pay for themselves. From bereavement leave to fertility benefits, see what top companies are adding now!
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