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Workplace Insights: What's Hot, What's Not

Oct 19th, 2023 | Workplace Insights

Your latest INSIGHTS & TRENDS for the Week of October 16, 2023

There are so many current headlines surrounding the workplace, it's hard to keep up. To make this as easy as possible for you, Workplace Insights: What's Hot, What's Not, will provide you with the latest updates that may impact your organization as it relates to market trends and current industry insights.

  1. The last quarterly survey conducted by The Wall Street Journal of 65 economists indicated two prevailing thoughts: the likelihood of a recession in 2024 at 48% and the Federal Reserve will likely hold off on a final rate hike in 2023.
  2. 2022 brought us the term “quiet quitting” – or those doing the bare minimum in the workplace – however newer terms like “quiet hiring” have entered the conversation as well. So far in 2023 we have several new terms to consider including "Bare Minimum Monday", "Grumpy Staying", and "Resenteeism".
  3. US Job Openings Top All Forecasts as White-Collar Positions Jump. The number of job openings surged to 9.61 million, with business services leading the way.
  4. At the close of the previous month, states are grappling with a devastating blow of $39 billion in federal funding for child care, precipitating a financial disaster that puts at risk the stability of 70,000 programs, the livelihood of over 200,000 workers, and the well-being of more than 3 million children.

We hope you are benefiting from this resource. If you have anything you would like to add or specific questions, please drop us a line.

This information is provided for informational purposes only and should not be taken as legal advice. The O’Connor Group makes no representations as to the completeness, suitability, or validity of any information contained herein and will not be liable for any errors or omissions.

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