Power to the people: Businesses must reckon with new workforce realities

The labor market pendulum has swung hard against employers. But it’s not a forever turn. Nimble, forward-thinking companies, beyond pay raises, can adapt and adjust.


  • By Brian Hartz
  • | 1:00 p.m. May 26, 2022
  • | 0 Free Articles Remaining!
Mark Wemple. Employee engagement consultant Tony Johnson at the headquarters of one of his clients, Lakeland Aircraft Maintenance in Lakeland.
Mark Wemple. Employee engagement consultant Tony Johnson at the headquarters of one of his clients, Lakeland Aircraft Maintenance in Lakeland.
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The Great Resignation has brought far-reaching changes to the U.S. economy, including a radical shift in the balance of power between employers and job applicants. While the federal minimum wage remains $7.25/hour, for all intents and purposes it has risen to $15, even $20/hour in some cases, as companies pull out all the stops to fill open positions.

 

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