America Employed explores the state of employment and unemployment in the United States. Learn more about the latest insights, according to a recent Express Employment Professionals-Harris Poll survey. This month’s topics cover hiring uncertainty and companies’ plans in case of mandatory wage increases.
The survey revealed budget constraints may stall company growth:
- 60% of companies plan to increase headcount in the second half of the year.
- One-third of hiring managers plan to decrease their workforce or keep headcount the same due to budget.
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Regarding minimum wage, the survey showed:
- 35% of hiring managers’ companies would increase salaries/wages across the board if/when there is a mandatory minimum wage increase.
- Responses to mandates could include implementing more automation/AI, reducing the workforce, outsourcing, and/or decreasing employees’ hours.
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Last Updated on August 7, 2024
