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Are Employers Putting the Brakes on Salary Increases in 2024?

Allwork

a compensation management firm, released its eighth annual Salary Budget Survey (SBS). The report predicts that average pay increases in 2024 will be 3.8% 81% in Canada) anticipate their salary budgets in 2024 to increase or remain the same as 2023. What’s going on: Payscale Inc.,

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41% of U.S. Managers Want To Replace Employees With AI This Year

Allwork

While many AI researchers in 2024 believe that AI technology will help augment human workers — increasing productivity and work-life balance for millions in the workforce — there is also a sizable number of workers globally who still fear massive job losses as a result of automation. The fears might be warranted.

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What Is The Promotion Paradox? A Critical Issue For Today’s Managers

Allwork

In the time after giving an employee a promotion, many managers probably feel really great. Drawing from research, here are five key strategies to make promotions more meaningful and effective in 2024. A Critical Issue For Today’s Managers appeared first on Allwork.Space. More involvement contributes to a foundation of trust.

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New Employee Demands Are Changing The Way Employers Hire

Allwork

of job seekers said they plan to use AI tools, like ChatGPT, for resume writing or job search assistance in 2024. Economic factors like high inflation persist into 2024, influencing corporate strategies while cooling the labor market. who responded “In the first 3 to 6 months of 2024.” According to iHire, 10.4%

2024 299
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Job Seekers Losing Leverage, Pay, Flexibility As Job Market Flips

Allwork

It’s reported that many employers lack formal pay structures and 40% actively discourage salary discussions among employees. Over one quarter of employers are seemingly ignoring disparities with 27% only addressing pay equity concerns when prompted by staff or management.

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Most Of The Highest-Paying Jobs Are No Longer Remote Or Hybrid

Allwork

Although there is a strong employee demand across the workforce for high-paying hybrid and fully remote positions, they have become a rare find in 2024. It’s reported that to match the buying power of a $100,000 salary from 1994, an individual would need to earn $212,000 today.

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Half of UK businesses expect 2024 to be easier than 2023

Workplace Insight

UK businesses are hopeful for 2024 according to new research from Pleo. The CFO’s Playbook for 2024, which polled over +500 UK financial decision makers, found that almost 50 percent of UK businesses believe 2024 will be “easier” than 2023 (vs. Despite this, staff numbers will remain buoyant in 2024.

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