US Labor Market Roundup: August Jobs Report and the Delayed Wage Crunch
September 17 | Indications Podcast | Comments (0)
We react to the August jobs report and then discuss compensation trends and why the wage crunch might be delayed. Since the outbreak of COVID-19, organizations have taken several workforce cost reduction measures, including cutting wages and salaries. In addition, with revenues under pressure and many people out of work, employers are entering a new era where wage growth may hit a historical low.
US Labor Market Roundup: July Jobs Report and the Rise of Telework after COVID-19
August 19 | Indications Podcast | Comments (0)
We discuss the July jobs report and the monumental shift to remote work due to COVID-19. Teleworking rates are likely to remain above pre-pandemic rates, with major workforce and real estate implications. Yet even in companies that have proven that remote work “works,” leaders continue to struggle with how to lead collaborative teams remotely. Further, as increased telework shifts consumer spending away from city centers, businesses with a large footprint in city centers will be hardest hit.
US Labor Market Roundup: June Jobs Report and Impact of COVID-19 on Workers and Households
July 16 | Indications Podcast | Comments (0)
We discuss the June jobs report and address the impact of COVID-19 on US workers and households. For many, their economic situation has done a complete 180 since the emergence of the virus. Previously, unemployment rates were at record lows and wages were accelerating, especially for blacks, Hispanics, and lower educated workers. This led to a reduction in poverty rates and wage inequality. But the COVID-19 crisis is hitting vulnerable populations hard and can lead to reversal of these trends.
Alternative Credentials: A Relevant Solution for Today
July 07 | Insights Podcast | Comments (0)
With looming unemployment as a result of COVID-19, organizations must reconsider the credentials they require for new hires and promotions. Employers may be tempted to cherry-pick workers with traditional qualifications but relying solely on traditional talent pools may be a shortsighted strategy in turbulent and even chaotic conditions. Listen to this podcast to learn how companies would be wise to look for diverse talent to help them adopt fresh thinking and recognize new opportunities.
From Immediate Responses to Planning for the Reimagined Workplace
June 10 | Insights Podcast | Comments (0)
The Conference Board expects that COVID-19 will have many lasting impacts on the world of work and Human Capital processes. To better understand the workforce changes, we conducted an online survey in April 2020 with more than 150 U.S. HC executives. Listen to this podcast to hear our findings about remote work and the cost-reduction actions that have already been taken, as well as the HR priorities for the recovery phase.
Supporting Employee Well-Being and Navigating Talent Acquisition During COVID-19
May 19 | Insights Podcast | Comments (0)
How current employees and candidates are treated during a crisis will have a lasting effect on an organization’s employment brand. Listen to this podcast for the latest insights on providing support for employee well-being and mental health and how talent acquisition functions are transforming to respond to COVID-19.
It is Possible to Avoid Layoffs: If You Can’t, Conduct Them Compassionately
April 21 | Insights Podcast | Comments (0)
Researchers from The Conference Board discuss Finding Innovative Alternatives to Layoffs to help organizations avoid layoffs during the COVID-19 pandemic and Conducting Compassionate Layoffs to lessen the pain and damage resulting from layoffs. If your organization has found other creative alternative to layoffs, please email firstname.lastname@example.org.
The first wave of COVID-19's impact on hiring
April 17 | Agron Nicaj, Associate Economist, The Conference Board | Gad Levanon, PhD, Vice President, Labor Markets, The Conference Board | Comments (0)
In the current economic crisis caused by the COVID-19 pandemic, employers are laying off millions of workers and significantly cutting back on hiring new employees. Many businesses are no longer able to operate, or their operations have been limited, resulting in less demand for workers. The Conference Board®-Burning Glass® Help Wanted OnLine™ (HWOL) data series, collects millions of online job ads in real-time and classifies them by occupation, industry and location. This allows us to see which