It's hard to square mass layoffs at giants like Amazon, Google, Meta and others flooding the headlines withthat indicates jobs are still plentiful and workers continue to have bargaining power.
Some 40% of HR leaders say it's more difficult to hire now than last year, and nearly a quarter say constant turnover is impacting their ability to hit business goals. Lower-wage workers are most likely to quit for another job that pays a little bit more money, for example, so they might see a 4.5% raise as an incentive to stick around, whereas other workers might see something closer to 3.5%, Straker says.
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