Workplace Insights: What's Hot, What's Not Ed. 7

Your latest INSIGHTS & TRENDS for the Week of March 20, 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. If you are an HR professional or business owner, register for this very informative TOC HR Office Hours session where our HR experts will discuss the latest topics impacting our organizations.

✅Join us March 23rd at 3:00pm!

2. “Weird” Job Market Continues to Perplex Experts and Job Seekers Alike. Despite many large firms, particularly tech firms, cutting jobs, many industries are still struggling to hire workers.

3. The Results Are In: In the Largest Ever Study of its Kind, The Four-Day Workweek Wins Out. Nearly 92% of companies in the largest-ever four-day workweek study in the U.K. are implementing that arrangement on a permanent basis.

4. The Federal Reserve raised the benchmark funds rate to a range of 4.75% to 5%, with a 25 basis point increase. Despite recent regional bank turbulence, Chair Jerome Powell reassured the public that the Fed will use all necessary tools to maintain banking system safety.

5. Employers are quickly hiring individuals who possess a unique combination of soft skills and technical expertise, even if there isn't a job opening that directly requires their particular skills and experience.

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.