Our top articles from January include highlights from a survey on wage increases, news of Bullhorn’s acquisition of Able, and a monthly jobs report showing sluggish job growth in the last month of 2021.
#1. Companies Planning for Salary Increases of 3.4% in 2022
A survey by Willis Towers Watson revealed that workers can expect a wage increase of 3.4% in 2022, compared to 2021’s average pay raise of 2.8%. The main reason for this pay increase is a tight labor market.
#2. 5 Ways to Compete for Business Without Sacrificing Profits
This article discusses how a rush to recover lost revenue could lead staffing agencies to make decisions that might negatively impact their profitability. The guest author highlights five ways firms can sustain growth without sacrificing profitability.
#3. Bullhorn Acquires Candidate Engagement and Onboarding Solutions Provider Able
Bullhorn announced the acquisition of candidate engagement and onboarding solutions provider Able, marking Bullhorn’s third acquisition in six months. Able was a longtime partner of Bullhorn Marketplace, having products that were purpose-built to use on the Bullhorn platform.
#4. Employment Trends Index Rises Again in December
The Conference Board Employment Trends Index rose to 116.63, after coming in at 115.64 in November. This growth suggests a strong start to 2022, despite a possible temporary slowdown during the spread of the Omicron variant.
#5. Monthly Jobs Report: Job Gains Slow, Unemployment Rate Drops in December
Job growth continued slowly in December, according to the latest data from the Bureau of Labor Statistics. Nonfarm payroll increased by 199,000 jobs, compared to a gain of 249,000 jobs in November.
