Indeed advises employers to watch for layoff news as recession fears mount – HR Dive

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Job increases have remained steady in 2022, though the latest jobs report  May’s   contained the lowest recorded job gains of the year so far. Experts then said employers should remain “cautiously optimistic” regarding the jobs market, but concerns about a recession continue to mount.
More than 650 CEOs have departed this year so far, according to executive outplacement firm Challenger, Gray and Christmas  the highest January-May total since the firm began recording CEO departures in 2002. The last time the firm recorded such a high was in 2019, when recession worries were also top of mind.
Despite these concerns, employers are still struggling to hire in the current market. State and local governments have even felt the crunch, analysts recently discussed during an online event. Remedies for such a market cross public and private entities, however, and can include hiring bonuses, clear career paths, recognition and emphasis on service.
Notably, a high number of workers are open to career or industry shifts in the hunt for better opportunities, a BambooHR survey revealed. Young workers are especially willing to do so  though creative employers may be able to use that inclination to their advantage with the right messaging.
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Hiring difficulties continue to persist in what one PwC analyst has termed a “labor market paradox.”
Employers may not be matchmakers, but they can help employees rebuild social capital and connection — important keys to retention, one expert said.
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Topics covered: HR management, compensation & benefits, development, HR tech, recruiting and much more.
Get the free daily newsletter read by industry experts
Topics covered: HR management, compensation & benefits, development, HR tech, recruiting and much more.
Hiring difficulties continue to persist in what one PwC analyst has termed a “labor market paradox.”
Employers may not be matchmakers, but they can help employees rebuild social capital and connection — important keys to retention, one expert said.
The free newsletter covering the top industry headlines
Topics covered: HR management, compensation & benefits, development, HR tech, recruiting and much more.

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