Compensation costs (wages, salaries, and benefits) for U.S. private employees were up 4.8% from March 2022 to March 2023, according to federal data. For manufacturers, the increase was 4.2%, down from 4.9% during the previous 12 months.
According to federal data, U.S. manufacturers saw more separations in March than new hires.
U.S. manufacturing job openings fell to 693,000, the lowest since April 2021, while layoffs hit their highest level since July 2020.
Data also show labor productivity declines were widespread among U.S. manufacturers in 2022, with decreases in 66 of the 86 manufacturing-related NAICS codes.
OMA Connections Partner CliftonLarsonAllen has published this guidance for HR leaders to re-evaluate their workplace policies and processes three years after the start of COVID-19.
OMA Connections Partner Fisher Phillips has published this article on the top 10 ways employers can avoid regular rate wage mistakes.
In this analysis, OMA Connections Partner Calfee reports Columbus has become Ohio’s third major city to enact a salary history ban.
Meanwhile, OMA Connections Partner Dinsmore reports that companies doing business with the federal government scored a major COVID-19-related victory after a federal court rejected a claim by former employees who claimed their rights were violated when they were terminated for failing to comply with the company’s vaccination policy. 5/4/2023