How Will the Economic Downturn Affect Hiring?

Are you laying off or hoarding employees? Implementing hiring freezes? Considering salary transparency practices to fill critical positions? As we continue to watch the economy and inflation, we’re also noticing the labor market slowing down – employers are adding fewer jobs, hesitant about hiring if we fall into a recession. On the other hand, employers are also hesitant to lay off employees as would traditionally happen with an economic downturn. Why? Because it continues to be difficult to fill already open positions. Employers are concerned that if they let people go, it may be twice as hard to fill the positions again. Confusing? That’s an understatement.

How to Motivate Your Employees to Finish Strong in Q4

The end of the fiscal year is coming. These last three months will determine which goals were met, which should be met, and how much more progress can be made in 2022. The majority of employees are more focused on the holidays than their work. The physical and mental stress related to work and personal obligations also impacts employee performance. Fortunately, as an HR professional, there are steps you can take to motivate your workforce to increase their performance. Use these guidelines to motivate your workforce to finish strong in Q4.