Implications of the pandemic on wages
Experts predict that the COVID-19 pandemic is going to have a disastrous impact on wages, irrespective of the economy reopening. This will be owed to the downward shift in the US GDP, which will have a cascading effect on wages. BLS had predicted 8.4 million new jobs would be added between 2018 and 2028, out of these, 4.6 million are low-paid, personal service jobs in retail, security, sanitation and healthcare. This group will be affected the most. Read the whole article to get a better understanding.
Category
Employee Conduct
Employee Surveys
Workplace Security
Educational Assistance
Disability Accomodations
Work Visas
Disaster Preparation & Response
Mentoring & Coaching
Flexible Spending Account
Change Management
Career Development
Employee Engagement
Fiduciary Duty
Executive Compensation
Retirement Benefits
Leave Management
Succession Planning
Leadership Development
Pay Equity
Ethnicity
Religion & Spirituality
Whistleblowing
Discrimination
Compensation & Benefits
Downsizing
Workplance Violence
Communicable Diseases
Paid Leave
Onboarding
Benefits Reporting & Disclosure
Workforce Planning
Health Savings Accounts
Age
Job Applications &
Benefits
Records & Reports
Eligibility Verification (I-9)
Business Continuity
Job Descriptions
Communication
Promotion
Networking
Labor Relations
Privacy
Drug & Alcohol Testing
Relationship Management
Electronic Records Management
Opening
Gender Identity
HR Careers
Tags
Article
25+ Hiring Strategies To Help You Source Talented Candidates
Companies have resorted to digital hiring processes to ensure health, safety, and convenience to jo ...
Let's Talk about the Hustle Economy
With the COVID-19 outbreak, it has increased manifold, owing to the rise in remote working. It’s be ...
COVID-19 - 6 Challenges Staffing Firms Are Likely to Face
Most industries have severely suffered in the ongoing pandemic with a few exceptions, like healthca ...
Why Work With Staffing Agencies To Hire Your Temporary Workers
Recruitment is getting more challenging day by day. Layers of complexities have emerged with the pa ...
Comments