EMPLOYEE QUITS FALL SLIGHTLY IN APRIL
The U.S. Bureau of Labor Statistics (BLS) recently released its April Job Openings and Labor Turnover Summary. This month’s reported number of employee quits fell from a record high of 4.5 million in March to around 4.4 million in April. April marks the eleventh consecutive month that more than four million workers left their jobs.
Despite the slight decrease in total employee quits, the April report reveals that the employee-quit rate held at 2.9%. Industries like real estate and rental leasing saw a slight increase in employee quits while state and local government education decreased somewhat.
ATTRACTING AND RETAINING EMPLOYEES DURING THE GREAT RESHUFFLE
While employees continue to quit their jobs at high levels, it no longer appears that massive numbers of workers are leaving the workforce entirely. Economists have begun referring to the situation as the “Great Reshuffle” as total employment in the United States continues to trend up. Employees have been finding better jobs, with key decision factors generally revolving around compensation, benefits, career advancement and workplace flexibility.
Here are some common strategies employers can explore when it comes to attracting and retaining workers in today’s labor market.
FULL ARTICLE INCLUDES: HR chat video on “4-Day Workweek Study.”
Check out our full article for links and PDFs to help you navigate current state and local legislative updates on the following topics:
- DOL Issues Guidance on FMLA and Mental Health Conditions
- EEOC Extends EEO-1 Deadline for 2021 Workforce Data Reports
- Illinois Amends Meal Period Requirements
- Chicago Expands Law Against Workplace Sexual Harassment
- California Supreme Court Rules Employers Must Properly Pay Meal and Rest Period Premiums
FULL ARTICLE INCLUDES: 5 PDF update guides on legislative updates.
MINIMUM WAGE CHANGES – JULY 1ST
Several state and local governments have set the minimum wage to increase effective July 1, 2022 (check out our blog for the full report).
States with increases: California, Connecticut, Florida, Hawaii, Illinois, Maryland, Minnesota, Nevada, Oregon, Washington DC.
FULL ARTICLE INCLUDES: Full PDF chart on “Upcoming Minimum Wage Increases.”
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