Data posted by the Federal Reserve show the number of U.S. jobs openings has declined nearly 20% since early 2022.
According to the Brookings Institute, women between ages 25-54 have contributed the most to the post-pandemic rebound in overall labor force participation.
Attracting and retaining talent through employee benefits will be the subject of upcoming webinars hosted by OMA Connections Partners HBK (Sept. 20) and Clark Schaefer Hackett (Oct. 4).
In this article, Manufacturing Dive examines how the U.S. Department of Labor’s new overtime rule proposal could affect how manufacturers determine which workers are paid hourly versus on a salary.
According to new federal data, U.S. employers spent an average of $41.03 per hour worked on employees’ overall compensation from March through June 2023.
That figure was $47.25 per hour for unionized manufacturers; 43.13 for non-unionized manufacturers.
The hourly average wages for all Ohio employees in manufacturing were just over $31 of July, according to the Ohio Department of Job and Family Services.
Meanwhile, employer budgets for salary increases have reached their highest level in 20 years, while employers are planning to stay fairly aggressive on pay going into next year, according the SHRM. 9/24/2023