Tech Workforce & Hiring Trends - October 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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boomerang employees

With many companies struggling to hire the right talent, and in the wake of the turmoil caused by the coronavirus pandemic, so-called "boomerang employees" are stepping into the limelight. Boomerang employees are people who leave one place of work for another, before going back once again to the original employer. Read more from Yahoo! News.

gen z workforce

As COVID-19 wreaked havoc on industries like hospitality and food service, the large number of entry-level jobs in those fields disappeared, hitting a generation that was just starting to come into the workforce. Now, as employers look to staff up following the Great Resignation and worker migration, Generation Z is an attractive group to court. But companies looking to recruit and retain this demographic may need to adjust their hiring practices. Read more from Fortune.

pay transparencyPushed along by new state and local laws, more companies are increasing their transparency about pay. Seventeen percent of companies are already disclosing pay range information, even in locations where it's not required by state or local laws. At least 62 percent of employers are planning to disclose or considering disclosing pay rate information in the future. Read more from SHRM.

uber lyft

The Labor Department said it would revisit rules that designate whether workers are classified as employees or independent contractors, a move that could affect millions of gig and contract workers in healthcare, restaurants, ride-share transportation and many other industries. Read more from The Wall Street Journal .

job marketThe job market is slowing, and this could just be the beginning. Wall Street sold off this month amid investor fears the Fed will do more to cool hiring, but there are growing signs that labor market turmoil is on the horizon. New geopolitical turmoil threatening to renew energy price spikes in coming weeks could complicate the Fed’s work, leading to a more protracted period of layoffs that could spiral into a recession. Read more from The Washington Post.

man and woman sit on stage facing one another

To address pay discrimination, states and localities have been enacting laws that prohibit employers from asking about an applicant’s salary history. While this movement has a brief history, the trend has continued as more and more jurisdictions are enacting salary history bans each year. Read more from McMahonBerger.

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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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