Workforce

The divide between the needs of employers and employees has widened in recent years, but could a loosening job market change the trajectory of the workplace?

“For every 100 men who are promoted from entry-level roles to manager positions, only 87 women are promoted, and only 82 women of color are promoted,” the report states.

According to the Bureau of Labor Statistics, talent shortages left 11 million positions open over the past year as the Great Reshuffle continues to take hold of the workforce.

According to a study from The Sabbatical Project, 75% of workers who were offered a sabbatical returned to the company afterwards.

Around 44% of LGBTQ+ respondents stated feeling “extremely” or “very satisfied” with their job compared to 61% of workers outside of the community. 

With the social media platform undergoing drastic changes within a short span, other companies are taking advantage of the top talent aimlessly wandering around for a new employer.

According to the Willis Towers Watson survey, employers plan to grow their salary budgets by 4.6% in 2023, which would be the highest growth seen in 15 years.

“If the three ‘R’s of 2021 and 2022 were retirement, resignation, and relocation, the three ‘R’s of 2023 could be returning to the office, recession, and readjustment.”

Late last night, Elon Musk sent an internal memo to employees, stating that they must be prepared to work “extremely hardcore” or leave the company.

According to Qualtrics’ 2023 Employee Experience Report, employee expectations are still shifting, but employers are holding their ground.