While you were busy tracking down celebrities in foreign countries, raising a second family in the Yukon, or disputing a $720 pedicab ride fee…here’s what you may have missed in workforce news this week, by the numbers:
2.9: Average percentage employers expect to increase worker salaries next year, according to a Mercer study. While better than 2009, when raises averaged only 2.1 percent, it is a far cry from the average 3.5 percent raises employers were offering a decade ago. If this trend continues, experts say it could damage employers’ ability to recruit skilled worker. (CNNMoney)
9: Chapter the city of Detroit filed on Thursday, making it “the largest municipal bankruptcy in American history,” according to Reuters. (Chicago Tribune)
14: Percent points between the number of women who believe workplace flexibility is an important employer attribute (40 percent) and the number of men who say the same (26 percent), according to a recent Randstad survey. (Business News Daily)
20: Dollars McDonald’s workers need to set aside each month for health insurance, according to a recently released “sample” budget McDonald’s created in effort to help employees plan for their future. But what the controversial budget really seems to do is underscore the near-impossibility of trying to live off minimum wage. (Forbes)
20: Percentage by which the rate of employee engagement increases when recognition increases from monthly to weekly, according to a new survey from Michael C. Fina. As this infographic shows, companies that have a culture of recognition report higher revenues and lower turnover rates than those that don’t. (Recruiter.com)
160: Character limit of a text message, the mode of communication a Florida restaurant owner used to fire more than 12 of his employees earlier this month (and thus securing a permanent spot on the ‘worst ways to fire your employees‘ list). (NYDailyNews.com)
1,000: Average weekly wage of U.S. worker in the fourth quarter of 2012, showing a 4.7 increase from the same time in 2011, according to the BLS. (USA Today)
55 million: Number of job openings the U.S. will generate by 2020, according to the Georgetown University Center on Education and the Workforce. Sixty-five percent of those jobs will require post-high school education. (WSJ)
Did we miss anything? What were your favorite news items from the week?Related
Forget what you think you know about HR... it's all about to change.
Sign up to start getting exclusive content designed to empower you with the insight necessary to go from HR professional to strategic business partner.