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“There continues to be a record number of job openings in the U.S. — there's a lot more job openings than there are people looking for work,” Hosking said.

“The labor market was sprinting last year and now it’s getting closer to a marathon pace.

Job openings, while declining, continue to outnumber unemployed workers 1.6 to 1, and the unemployment rate – now just 3.4% – matches its lowest level since the early 1950s.

Heading into a possibly leaner 2023, Sun said as organizations scrutinize operating expenses more heavily, they’ll likely implement stronger controls around opening new headcount and evaluate whether it makes sense to backfill open roles.

Panelists at Tuesday’s opening session of WorldatWork’s Total Rewards’23 event pointed to data as the linchpin to informing a personalized approach to employee benefits and well-being offerings.

We have to go to them with an open mind and an open heart.

Sign up now to be notified when the survey opens and ensure you don’t miss the opportunity to participate.

The requested holds came as the clock wound down on the government to respond, in formal opening briefs, to federal court decisions that invalidated the final rule and questioned the ability of the Department of Labor (DOL) to define and delimit a Fair Labor Standards Act (FLSA) exemption for employees “employed in a bona fide executive, administrative or professional [EAP] capacity.”

It’s a must now: Moving toward an organizational structure that’s aimed at innovation and effective communication is what enables quick action.

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