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The jobless rate has remained higher than 5%, and unemployment among urban youth age 15 to 29 years rose to 17.9% in May from 17.2% in April, and in rural areas, youth unemployment climbed to 13.7% from 12.3% in the same period, Reuters reported.

/Canada Online Reporting Tool to build customized reports based on industry, organization size and/or geographic area).

When it comes to these areas, an organization’s talent strategy drives its TR strategy, Cummings said.

Among those expanding payrolls, the top motivators were: ;Organizational growth (37%); ;Investment in new business areas (26%); ;Backfilling recent departures (19%); For those planning headcount reductions: ;29% cited economic challenges; ;24% said market changes have reduced demand for some roles; ;22% reported they are reducing staff to meet current demand; ;20% pointed to automation; By sector, employers in finance and insurance(32%), information (29%), andconstruction and real estate(27%) reported the most optimistic hiring plans.

Jennifer Schielke, the CEO and cofounder of staffing and recruiting company Summit Group Solutions, added, “Persistent talent shortages, particularly in the trades as a fallout from the preceding push in the tech sector, and policy incentives tied to national investments in infrastructure, semiconductors and clean energy, are driving growth in areas that benefit from structured apprenticeship opportunities.”

.;; Step 3: Plan Changes If your audit and review process identifies areas for improved efficacy, implement plan changes or targeted communication campaigns to increase awareness and clarify benefits.

.; Keeping an Eye on Hiring and Retention While the new report reflected a measure of addressable predictability, it also pointed out a concern area: 24% of participating organizations said they are having trouble attracting and/or retaining employees.

Benefits Redesign: From Perks to Protection Another recalibration area is benefits architecture .

Shonna Waters, an organizational psychologist, Georgetown University faculty member and the CEO of advisory/consulting firm Fractional Insights, pointed to three focal areas: ;Decision-making alignment.

For tech companies in costly San Francisco, the rationale behind the thinking is this: If employees move out of the Bay Area as a result of (now) being able to work anywhere, then their compensation should be adjusted based on the new location.