Tech Workforce & Hiring Trends - February 2022

by Samantha Ogletree

This is Stout's monthly curated digest of hiring and employment news. Sign up to receive it each month in your email inbox.

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Management and human-resources experts say that in order to be competitive and become more fulfilling workplaces, companies will need to reinvent how they compensate employees, rethink who they invest in, and start offering new benefits. Five management experts gave advice on how companies can reinvent ways they compensate and manage workers to stay competitive in a post-pandemic world. Read more from The Wall Street Journal.

You’ll soon get to see pay on NYC job postings. A new law requires nearly all companies hiring in the city to list expected pay on job listings as of May 15; business groups oppose it. The new measure is aimed at addressing gender-pay gaps and providing more transparency on pay in New York City, where many major companies operate. Read more from The Wall Street Journal.

The traditional idea of going to the office five days a week or working 9 to 5 may be dying. Some companies are making room for more creative and flexible approaches to getting workers to do their jobs. These approaches come as companies rethink workplace policies amid the fast spread of the omicron variant and the “Great Resignation,” during which employers are finding it more difficult to retain talent. Read more from The Washington Post.

The average per-employee cost of employer-sponsored health insurance jumped 6.3% in 2021 as employees and their families resumed care after avoiding it in 2020 due to the pandemic. The finding was reported by Mercer’s 2021 National Survey of Employer-Sponsored Health Plans. Read more from Insurance News Net.

Almost anyone who has made an effort to fill job openings recently can attest to the fact that there simply are not enough applicants. In our latest Informatizer article, Peg suggests that hiring managers consider the 65+ year old labor pool as a potential resource to tap into--with a few considerations.

Workers are quitting in record numbers. Salaries are up and flexibility is in. Leverage has shifted to candidates as employers struggle to find the talent they need, recruiters and management researchers say. Hiring processes now include more frank discussions about remote work, balancing job duties with family and staving off burnout. Yet knowing how much to share with a hiring manager remains tricky. Here are the new rules for job-hunting now. Read more from The Wall Street Journal.

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