LaborIQ

📆 LaborIQ’s 2025 labor market and compensation outlook is here! Here’s what you’ll find: 📊 Slower, steady growth is the new normal 💸 Pay transparency momentum and compensation trends to follow next year 📉 Generational shifts upend workplace expectations 🛑 Government shutdown looms... What does that mean?   Plus… job and wage growth forecasts for next year! ✍️ Mallory Vachon, PhD, Chief Economist

Workforce compensation is a company's largest expense. With poor decisions, compensation could be your costliest mistake.

Pay transparency laws are here, but clarity on how to comply? Not so much. HR managers face a tough reality:  - State-by-state differences add layers of confusion.  - There’s no operational process for compliance. Just a law and a deadline. Navigating pay transparency without a clear roadmap can be overwhelming. Many are feeling this. Are you? 

When creating pay ranges, how wide is too wide? Here's a rule of thumb: Entry-level roles: Narrower ranges (like 30%) work. Skill variation is limited. Mid-level roles: Slightly broader ranges (40%) account for skill and experience differences. Leadership roles: Wider ranges (up to 50%) may be necessary to reflect diverse expertise and the strategic value these roles bring. Ultimately, you have to make the call, but the pay range matters because: 🔹 Too narrow: Leaves little room for growth and can lead to employee frustration. 🔹 Too wide: Creates confusion and risks internal pay inequities. Do you have a rule of thumb? What are the limits of your pay ranges? #PayTransparency #Jobs

The unemployment rate ticked up to 4.2% in November, compared to 4.1% in October. While layoffs and unemployment insurance claims haven’t increased substantially, unemployment stood at 3.7% at the start of the year. As hiring has slowed, laid-off workers find it harder to secure new opportunities. #hiring #labormarket

Is it worth taking extra time to find the “perfect” candidate for a role? Hiring managers often aim for the "perfect fit"—someone who checks every box on the job description and fits seamlessly into the team. As HR leaders, we know the trade-offs: - Taking extra time could mean landing a superstar hire. - Waiting too long could result in missed opportunities or unfilled roles. What do you think? #hiring #jobs

U.S. businesses added 227,000 jobs in November, outperforming the forecasted 200,000. While the labor market continues to cool, this report follows the trend of modest growth. Revisions to September and October’s hiring totals added 56,000 jobs back into the mix, reversing some of last month’s downward adjustment of 112,000. What’s your take on the latest jobs numbers? #LaborMarket #Jobs

📊 The November jobs report is here! 📉 U.S. businesses added 227,000, just above expectations of around 200,000. 💼 The unemployment rate ticked up to 4.2%. 💸 Wages grew by 4% over the past 12 months. ✍️ Mallory Vachon, PhD, Chief Economist

Here’s to the quiet heroes of HR. 👏 The people making a better workplace, when no one knows about it. The people who: - Support team members in times of bereavement or crisis - Advocate for the employee who deserves a raise - Craft policies that ensure a safe environment - Always show up with a smile If you've benefited from an HR team that goes the extra mile, give them a shoutout. They are the foundation of a thriving workplace. #hr #employeeexperience

2025 Unemployment Forecast: Our data projects that the U.S. unemployment rate will remain steady at 4.5% through 2025, matching the expected final rate for 2024. **Did you know? LaborIQ also forecasts the expected salary increases for every role in our system. Let us show you how it works. #labor #compensation