#labormarket

[saracausey1]

Shh. You’re not supposed to pay attention to that! Part-time jobs that don’t pay a living wage and government jobs? No, you’re supposed to think the private sector is churnin’ and burnin’ with full-time roles and if you’re unemployed, well, it’s your own damn fault.

#jobmarket #labormarket #jobsreport #unemployment #unemploymentrate #parttimejobs #governmentjobs #welfareindustrialcomplex #economy

[farademetre]

Is the Labor Market Healthy and Sustainable?

The U.S. economy created 303,000 new jobs in March, the most in over a year, according to the Bureau of Labor Statistics. # jobs

#jobs #LaborMarket #BureauofLaborStatistics #Youtube

[stuartmarkw]

Unveiling the Canadian Work Permit Pathway: A Comprehensive Guide In the midst of Canada's burgeoning labor shortage, Nidhi Nagori's comprehensive video guide emerges as a beacon of hope for aspiring... https://bit.ly/4cj8Ou6/

#JobsTips #CanadaWorkOpportunities #CanadianWorkPermit #EmploymentPathways #Immigrationguide #internationalprofessionals #labormarket #LegalImmigration #NidhiNagori #skilledworkers

[usnewsper-business]

Japan's Bold Move: Boosting Economy, Tackling Debt for a Brighter Future! #agingpopulation #bondyields #borrowingcosts #competitiveness #demographicchallenges #economicgrowth #financialmarkets #fiscalconsolidation #fiscalyear2024budget #Japanesegovernment #labormarket #longterminterestrateestimate #monetarypolicy #nationaldebt #Productivity #sustainablefiscalmanagement. #yenexchangerate

#Business #agingpopulation #bondyields #borrowingcosts #competitiveness #demographicchallenges #economicgrowth #financialmarkets #fiscalconsolidation #fiscalyear2024budget #Japanesegovernment #labormarket #longterminterestrateestimate #monetarypolicy #nationaldebt #Productivity #sustainablefiscalmanagement. #yenexchangerate

[visamintglobal]

Starting January 1st, 2005, the minimum salary requirement for foreign Employment Pass (EP) applicants will be raised to at least S$ 5600 ($4170). The salary adjustments will be applied progressively based on age. This measure is implemented to uphold the quality of the workforce, foster innovation, and ensure equitable minimum salaries for Singaporeans, who are facing competition for employment opportunities from the foreign workforce.

Courtesy: Ministry of Manpower, Government of Singapore

#SingaporeEmployment #ForeignWorkers #SalaryThreshold #WorkVisa #EconomicPolicy #SingaporeJobs #LaborMarket #ImmigrationNews #EmploymentStandards #GlobalWorkforce

[i-news-you]

Dive into the latest economic developments with our YouTube video script, 'Economic Alert: Recession Signals Flashing - What You Need to Know!' In this engaging 10-minute video, we break down the recent decline in leading economic indicators, exploring the potential implications for the U.S. economy. From forecasts of a short recession to the Federal Reserve's stance, we unravel the complexities of the economic puzzle.

#EconomicAlert #RecessionSignals #USGDP #LeadingIndicators #ConferenceBoard #EconomicForecast #FinancialNews #EconomicOutlook #FedMinutes #InterestRates #ConsumerSpending #InflationConcerns #LaborMarket #StockMarket #HomePrices #Youtube

[anitacole-blog]

#QualityInstallers #furnitureinstallation #labormarket #jobgrowth #hiringtrends #unemployment #OrlandoFL

[thxnews]

Rwanda's Economic Growth Strong, Yet Floods Pose Challenges

  Robust Growth Followed by Moderation

KIGALI, Rwanda — Rwanda's economy experienced significant growth in the first quarter of 2023, expanding by 9.2%, building upon the 8.2% growth achieved in 2022. However, recent devastating floods, resulting in loss of life and infrastructure damage, are projected to moderate the country's economic momentum, with growth estimated to reach 5.8% in 2023, slightly below the pre-disaster forecast of 6.2%.   World Bank's Rwanda Economic Update Provides Key Insights In its 21st edition of the Rwanda Economic Update (REU), the World Bank sheds light on positive developments within Rwanda's economic landscape. The growth in the economy was primarily driven by private consumption and the services sector, accompanied by improvements in the labor market.   Inflation Eases, Fiscal Deficit Narrows Although inflation remained above the target range set by the National Bank of Rwanda during the first half of 2023, it showed signs of easing. The REU report highlights that Rwanda's current account deficit improved in 2022, primarily due to higher export revenues and remittances, which offset rising import prices. Furthermore, the fiscal deficit narrowed in the first half of FY2022/23, thanks to a reduction in public spending.   Rwanda's GDP from 2013 to 2020 Year GDP (in billions of USD) 2013 7.84 2014 8.28 2015 8.59 2016 8.91 2017 9.06 2018 9.68 2019 10.47 2020 9.48   Maintaining Fiscal Consolidation Amid Declining Foreign Aid Peace Aimee Niyibizi, World Bank Country Economist for Rwanda and author of the REU, notes that the narrowing fiscal deficit, coupled with robust economic growth, has resulted in a decrease in Rwanda's debt as a percentage of GDP for the first time since 2013. The World Bank encourages the government to continue pursuing fiscal consolidation by rationalizing expenditure and increasing domestic revenues, especially considering the decline in foreign aid.   Inclusiveness of Foreign Direct Investment Examined The 21st Rwanda Economic Update focuses on the inclusiveness of Foreign Direct Investment (FDI). While FDI inflows slowed during the COVID-19 pandemic, the report highlights that Rwanda had above-average FDI inflows in 2014, surpassing both the Sub-Saharan and East African averages. FDI, supported by favorable regulations, has played a crucial role in creating higher-quality jobs and providing access to social security, particularly when compared to domestic investments.   Policies to Enhance Inclusive FDI To improve the inclusiveness of FDI, the REU recommends policies that focus on institutional reforms and infrastructure investments, aimed at stimulating FDI to generate employment opportunities for women, youth, and residents in economically disadvantaged districts. Rolande Pryce, World Bank Country Manager for Rwanda, emphasizes the need for enhancing corporate social responsibility initiatives and strengthening connections between FDI projects and local suppliers. Additionally, improved dialogue between the Rwandan government, investors, and foreign governments is essential. As Rwanda's economy faces both positive growth and challenges stemming from recent floods, the World Bank's Rwanda Economic Update provides valuable insights into the country's economic landscape. While growth remains robust, efforts to mitigate the impact of natural disasters are essential. Enhancing fiscal consolidation, promoting inclusive FDI, and improving dialogues among stakeholders will contribute to Rwanda's sustainable economic development.   Sources: THX News & The World Bank Group. Read the full article

#currentaccountdeficit #Economicgrowth #fiscaldeficit #floodsandinfrastructure #foreigndirectinvestment #inflationandtargetrange #labormarket #privateconsumption #Rwanda'seconomy #WorldBankRwandaEconomicUpdate

[deporte-y-vida-sana]

Uncovering the Shocking Impact of Artificial Intelligence on Our Lives

#ArtificialIntelligence #RevolutionaryTechnology #Automation #Efficiency #Productivity #DataAnalysis #DecisionMaking #Medicine #ScientificResearch #JobAutomation #LaborMarket #Adaptation #short

[stuartmarkw]

Unlock the Canadian Dream: Navigating the Easy Work Permit Guide With Canada facing unprecedented labor shortages, the path to securing a work permit has become more accessible than ever. In this com... https://bit.ly/4cj8Ou6/

#JobsTips #canada #careeropportunities #employment #ForeignSkilledWorkers #Immigration #jobsearch #labormarket #relocation #workpermit

[amnglobal]

[FYI📍🌍] City of Baltimore (AMNG) Our (Vol 1. Issue 64) Monumental Mondays newsletter is now available online. Scan the QR Code to access a digital copy or click here and read the latest updates. We hope you’ll find it interesting and will subscribe.

In this Issue |

-Lexington Market Reopens -2023 Youth Works Application -Lake Clifton defeats Dunbar 68-34 -Unemployment rate hit a 53-year low -Job Fairs & Career Development Opportunities

and much more.

If you aren’t a member yet, what’s stopping you? Find membership info⤵️ https://t.co/ACHJ0QCYvoThe @amngforums membership submission form is back online! Make sure to renew your membership for 2023-2024 or become a new member!

Subscribers are #FREE to join. Read more.

AMNG supports the growth, innovation, and activities of entrepreneurs, startup founders, small business owners, and performance and visual artists by offering guidance, marketing and entrepreneurship techniques, and project support of our partners to help them succeed. Our goal is to help our members by providing management resources and expert industry advice every Monday resulting in a reduction of risks and an avoidance of the pitfalls of making costly business decisions.

#baltimore #publishing #training #careers #work #employment #labormarket #newsheadlines #waldorfmd #columbiamd #essexmaryland #dundalkmaryland #charlottenc #pikesvillemaryland #shadysidemaryland #carollcounty #annearundelcounty #centraltexas #dallastexas #atlantageorgia #cityofbaltimore #arts #maryland

[radixconsultingalliance]

Artificial Intelligence (AI) and Its Application to Supply Chain Labor A RADIX CONSULTING POSITION PAPER

OVERVIEW: The intent of this document is to summarize the three (3) SCM enabling technologies being harnessed by AI to better optimize labor resources within a supply chain operation. The convergence of On-Demand Labor Scheduling & Labor Management Systems under the guidance of Artificial Intelligence is a quickly evolving and creative answer to today’s labor challenges.

Companies Highlighted in This Series:

1. AutoScheduler.AI

2. TZA

3. Veryable

On-Demand Scheduling & LMS Use Thus Far

Newly emerging On-Demand Labor Scheduling solutions are designed to help managers identify, plan and schedule part-time associates to achieve operational goals while maximizing productivity and minimizing costs. These systems provide real-time insights into workforce data, such as attendance, absences, and employee schedules. These tools are typically used to engage with a qualified work pool and allow the labor talent to self-schedule based on their availability, the facility expertise called for, the individuals personal needs.

Labor management systems (LMS), on the other hand, focus on the labor planning, monitoring and optimization of employee productivity and labor costs while on-the-job. LMS systems track employee performance and work activity against defined labor plans, measure productivity metrics such as pick rates, and provide feedback to employees and supervisors to improve efficiency.

The combining of these two solutions allows for a more holistic approach to employee management, enabling warehouse managers to better understand and optimize their labor resources. By integrating an on-demand labor pool and an LMS system, warehouse managers can gain a more complete picture of labor availability, employee performance, resource utilization, and labor costs. They can use this data to optimize staffing levels, adjust employee schedules based on demand, and identify opportunities to improve productivity and reduce costs. The combination also improves the morale and work environment for the associate who can now match their life scheduled to the available work opportunities of the employer.

As businesses have become more complex, managing workforce and labor resources have become increasingly intertwined. As a result, many companies are realizing the benefits (and competitive advantage) of integrating these component solutions into an overall labor program.

The Benefits of An On-Demand Labor Pool & LMS Joint Solution

Overall, the convergence of On-Demand Labor Scheduling and LMS applications represents a shift towards more comprehensive and integrated approaches to managing the workforce and labor resources to improve the employee satisfaction levels and thus retention while still optimizing the performance of the workforce. When employees have this greater degree of control over their work schedules their job satisfaction is increased. Then pair this with the employee engagement and coaching included in an LMS and overall morale improves as the company embraces a performance-based culture.

By combining the two types of software, companies can achieve better alignment between staffing levels and labor requirements, reduce labor costs and optimize productivity. Additionally, integrating these applications can help companies gain better visibility into their workforce and labor data, making it easier to identify areas for improvement and take action to address them.

A great example of this integration is when utilizing a dynamic workforce scheduling tool that supports a “gig based” employee scheduling environment – such as from Veryables, Inc. - where the employer and employee work together in the on-demand labor scheduling solution. The employer posts available jobs and the employee, comprising the contingent or variable labor needs of the employer, elects specific roles and hours that align with their lifestyle or other personal requirements. This flexible work arrangement replaces the traditional use of temporary, untrained workers with a pool of resources pre-qualified for the roles. In turn, the labor management system – such as provided by TZA, Inc. - not only measures work productivity relative to expectations but now also establishes employee development goals and tracks each associate’s coaching and training needs to make sure they feel engaged and valued. Many companies are also creating employee incentive programs that go beyond money to incorporate prizes and other types of compensation to recognize high performers.

A popular trend in these labor management applications is gamification, or incorporating competitive and reward elements as incentive for desired performance. In an LMS, gamification can be used to motivate employees to perform better, increase productivity and deliver on performance goals. This is typically achieved by introducing elements such as points, badges, leaderboards and challenges into the labor management system. For example, employees can earn points for completing tasks on time, and those points can be used to unlock rewards or access to higher levels of the system.

Gamification can also be used to promote healthy competition among employees, as they compete for the top spot on the leaderboard or to earn the most points. This can create a sense of camaraderie among employees and encourage them to work together to achieve common goals.

By incorporating gamification into an LMS, organizations can improve employee engagement, motivation, and productivity. Ultimately this can lead to better overall performance and help the organization achieve its business goals.

Harnessing the Power of AI with AutoScheduler.AI to Intelligently Orchestrate Labor

Where On-Demand Labor Scheduling and LMS solutions focus on the planning, monitoring, and potential maximization of labor resources, companies like AutoScheduler.AI add an additional layer using artificial intelligence to tackle the daunting task of warehouse optimization and ensuring that all personnel are in the right place at the right time. By planning the complexities of distribution tasks and constraints, this optimization not only ensures efficient distribution - with the right inventory leaving the right door at the right time - but also orchestrates the best use of labor resources, minimizes costs, and maximizes productivity. This ties into the execution system, most frequently the warehouse management system, to ensure that all customer deliverables are being met and balanced with the finite labor & equipment capacity levels working at the facility.

How this works in practice is that all data is extracted from the existing system of record, such as a Warehouse Management System, and passed into the orchestration platform for optimization. After the complex constraint optimization is run to determine the appropriate sequence of activities, location utilization, and personnel assignments, a plan is pushed back into the warehouse management system to automate the planning of work, personnel assignments, and positioning inside of the building. This optimization is then constantly updated to account for varying or unexpected factors (like a late shipment or personnel call-off) to ensure that the site is always optimized.

When paired with an On-Demand Labor Scheduling solution and an LMS, this can provide a more comprehensive and robust labor management approach to dynamically plan and direct work to the floor. This convergence aids managers in maintaining a complete picture of labor availability, performance, resource utilization, and costs, and using this data to further optimize staffing levels and schedules. These 3 solutions enable distribution facilities to maximize all phases of productivity: ensuring they have the personnel, getting those personnel to work to

the highest level of their capabilities, and optimizing the work they’re doing to drive productivity. This highlights how innovative technologies can streamline labor management processes, reduce costs, and increase productivity, ultimately enhancing the performance culture and employee satisfaction.

Conclusion

As firms wrestle with finding, attracting, and keeping labor within their supply chain operations, there are new approaches being discovered. Several of the best supply chain consulting firms have practices dedicated to guiding their clients on this journey to a high-performance culture. They are helping clients achieve performance improvements previously unattainable, all while making it easier to hire staff and train employees. Even in highly automated facilities that are leveraging advanced material handling or robotics equipment, firms still need to build a strong employee performance foundation before investing even more in robotics. Human capital continues to be a company’s most important asset!

Overall, the convergence of on-demand labor scheduling and labor management systems in the warehouse can provide managers with powerful real time tools including advanced business intelligence (AI) and analytics to improve operational efficiency, reduce labor costs, and enhance overall performance.

Radix encourages the downloading of information from this Resource Center page in order to more fully understand how these enabling technologies work.

#radixconsultingalliance #labor #@labormarket @artificialintelligence

[internationalwomenday]

Paving the Way for a Gender-Equal Economy (CSW68 Side Event).

Experts and activists on concrete policy solutions for women's economic empowerment.

Women's labor market participation and economic independence are cornerstones in any gender-equal society. Join our Nordic and international experts in unlocking concrete policy solutions to equal pay, shared parental leave, and subsidized child-care that support women's economic empowerment. Discover how the Nordics have shaped a path that supports economic gender equality and how policies promoting gender equality are a good business case – for the individual and for society.

Concept Note

Watch the Nordic Experts panel: Paving the Way for a Gender-Equal Economy (CSW68 Side Event)!

#equal pay #shared parental leave #subsidized child-care #nordic council of ministers #gender equality #economicempowerment #labormarket #women's participation #gender equal participation #Economic Independence #household revenues #Household Expenses #CSW68 #panel discussion #sideevents #nordic countries #women's empowement

[amandacooperkf]

US salaries are falling. Employers say...

"In many ways, what we're seeing is a correction. Wage growth is reverting to pre-pandemic levels of below 3%, says Bunker. 'A 9.3% spike in year-over-year wage growth is anomalous in many ways." #wagesandsalaries #workforce #labormarket

US salaries are falling. Employers say...

Salaries for new roles are stagnating – and in some cases, falling. Some employers may be looking to cut costs, but the lack of wage growth may be a matter of post-pandemic correction.

Korn Ferry Connect