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Daily RedAlert - 1/31/23

Relevant Press

Important wage inflation measure for the Fed rose less than expected in Q4 - CNBC

“The employment cost index increased 1% in the fourth quarter, less than the 1.1% expectation and slower than the third quarter, the Labor Department reported Tuesday.”

Remember 'quiet quitting'? 'Quiet hiring' is the new workplace trend of 2023 - ABC News

“Now in 2023, there is a new workplace trend on the horizon, called quiet hiring. The term -- a way to obtain new talent without hiring new employees -- was declared one of the nine workplace trends of the year by Gartner, a technological research and consulting firm.”

6 Workplace Findings Leaders Need to Navigate This Year - Gallup

“In 2023, the ‘Great Global Work-From-Home Experiment’ will likely find its equilibrium. Approximately 56% of U.S. full-time employees are remote-capable, and about half of those employees are now working as hybrid workers. Only two in 10 are fully on-site, and a mere 6% of remote-capable workers want to be fully on-site going forward.”

Despite Layoffs, It’s Still a Workers’ Labor Market - Harvard Business Review

“In fact, the economy in early 2023 is not being roiled by layoffs — which are currently abnormally low compared to historical standards. This means the labor market remains really tight, despite arguments to the contrary. As a result, hiring will remain tough, and it may even mean central banks will have to keep interest rates higher for longer.”

Workday cuts about 525 jobs but says it’s not the result of overhiring - CNBC

“In October 2022, the company reported head count of more than 17,500 employees, an increase of over 15% compared with January of that year. That means the cuts should affect about 525 people.”

RedBalloon in the News

ICYMI: US fighting a remote work ‘tug of war’ as employees look for ‘compromise,’ expert says - MSN

"We've got this kind of interesting tug of war that's happening right now between workers and the employers," RedBalloon CEO Andrew Crapuchettes said on "Varney & Co." Friday, "because the employers want people in the office, and workers, we learned through the pandemic that, hey, you can be productive for a little bit when you work at home."

The Daily RedAlert is a collection of news stories that relate to business, the economy and freedom in the workplace. Are you looking for workplace freedom? Apply for work on!

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