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U.S. companies ramped up hiring in December and wage gains continued to cool, consistent with an outlook for sustained economic growth and diminishing inflation.
Private payrolls increased 164,000 last month, the most since August, according to figures published Thursday by the ADP Research Institute in collaboration with Stanford Digital Economy Lab. The reading came in above all but one estimate in a Bloomberg survey of economists.
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Benefit leaders will still need to play a significant role in keeping early tech jobs attractive and accessible to young professionals.
Despite job openings and increasing unemployment, employers are having a hard time filling roles formerly occupied by non-American workers.
Persistent wage growth, shifting demographics and new employee expectations are reshaping how HR leaders can design and deliver benefits.
Employers are growing cautious about expanding their staff, while at the same time mostly holding onto their existing workers.
From President Trump's spending cuts impacting government headcounts to widespread return-to-office mandates, hiring managers should be on top of these trends.
