Here’s a snapshot of numbers making waves in the HR space, from employees disagreeing with DEI cuts to President Joe Biden requiring federal agencies to adopt stronger labor standards.
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This week in 5 numbers: Workers face ‘employer’s market’
Here’s a roundup of eye-catching numbers, from a drop in small business pay increases to job applications outpacing openings.
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By the numbers
4x
The rate at which the number of job applications is growing compared to job openings, according to a Workday report. The imbalance creates an “employer’s market.”
2.9%
The rate of hourly pay increases at small businesses in August, according to Paychex data. This marks the first time since June 2021 that the hourly pay increases fell below 3%.
19.6%
The percentage of the 2,400 LGBTQ+ adults surveyed who said they would quit or start looking for a new job if their employer cut back on DEI, according to the results of the Human Rights Campaign survey. Many respondents said they would feel less included or accepted at work, and one-third said their productivity would suffer.
43%
The percentage of employers who said they support career development to bolster engagement, according to a Gallagher report. A little more than one-third of those surveyed said they upped the value placed on career well-being this year.
Sept. 6
The date on which President Joe Biden signed an executive order requiring federal agencies to adopt a series of “high-road labor standards,” according to a White House announcement. The order is part of the administration’s efforts to grow the federal workforce while pushing certain standards.