Tech Workforce & Hiring Trends - June 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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Four Day Work Week Experiment Starts in UK

Thousands of UK workers are starting a four-day work week with no cut to their pay in the largest trial of its kind. During the program, workers receive 100% of their pay for working only 80% of their usual week, in exchange for promising to maintain 100% of their productivity. Read more from CNN.

Wage gains for employees who stay

The historically high number of unfilled jobs and the number of people quitting has forced employers to pay more to attract and keep staff. Those trends are driving solid wage gains for America’s workers, particularly those that switch jobs. Read more from The Washington Post.

Pandemic Recession Rebound in Tech

Musk announced Tesla will be laying off 10% of its staff. Musk's comments follow JPMorgan CEO Jamie Dimon's pronouncement that a "hurricane" is bearing down on the U.S. economy. But in the view of one economist, this growing drumbeat of negative news from the tech sector offers a "misleading" picture of the U.S. labor market. Read more from Yahoo.

Days off for mental health needs usually are included under employers’ paid time off policy

Days off for mental health needs usually are included under employers’ paid time off policies as well as leave laws for those workers who have coverage, a point recently reinforced by US Labor Department guidance. The pandemic and resulting tight labor market have nudged employers to make worker well-being a higher priority in their company cultures. Read more from Bloomberg Law.

Microsoft Corp. said it would soon start to disclose salary ranges for all job postings in the U.S.Microsoft Corp. said it would soon start to disclose salary ranges for all job postings in the U.S., becoming one of the first major employers to take such a step amid new requirements from some local officials for pay transparency. Read more from The Wall Street Journal.

The numbers are stark, according to the tech layoff tracking site

The tech sector's tumultuous year has been denoted by daily announcements of layoffs, hiring freezes and rescinded job offers. The numbers are stark, according to tech layoff tracking site Layoffs.fyi. Here are some of the firms that have announced layoffs in recent weeks. Read more from LinkedIn.

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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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