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Despite many surveys of employer intent still reporting that the “average” employer is budgeting 2% to 3% for pay adjustments (down from slightly over 3% a year ago), a significant percentage of employers cannot fund any increases because of the precipitous decline in their revenues.

Moreover, many of the policies that were supportive of broadly based shared growth in the 1940s, ’50s, and ’60s were reversed in the 1970s and ’80s, as the real value of the minimum wage dropped, laws protecting collective bargaining failed to keep pace with growing employer opposition to union organizing efforts, and macroeconomic policymakers tolerated unemployment rates far higher than what was needed to keep inflation in check.

Starbucks Sets 2% Raise for All Salaried Workers As reported Tuesday, Aug. 19, by Bloomberg , Starbucks Corp. will give all salaried employees in North America a 2% raise this year as the coffee chain looks to pull off a high-stakes turnaround and manage expenses.

For selling situations where annual sales forecasts are unreliable, use one of the following techniques: 1) shorten the performance period to improve projection reliability, 2) use a rolling quota of the last three months to set the next month’s number, or 3) count events such as contract signings to measure performance.

And shortly before the release of the executive order, the Securities and Exchange Commission (SEC) indicated it would no longer cap private-fund investments at 15% in retail closed-end funds, indicating the types of policy and oversight shifts that may continue to emerge.

Having this type of platform won’t guarantee DEI success, but you need the right data tools to enhance how employers can evaluate the makeup of their workforce, so it can inform the decisions they need to help them reach their diversity goals.

On a related note, Reuters reported that Costco will increase pay for some of its hourly U.S. store workers to more than $30.

;The pandemic negatively impacted about 30% of organizations’ salary increase budgets in the U.S., Canada, India and the UK; fewer than 10% of organizations expect their salary budget increases to be negatively impacted by the pandemic in 2022.

You can ask specific types of behavioral interview questions to assess mindset (Quinn 2017), such as: “In your previous role, what was the biggest mistake you made, and what did you learn from it?”

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