This week in 5 numbers: Manager-led development can aid retention
Here’s a roundup of numbers from the last week — including how much the hourly minimum wage for federal contractors is expected to increase. A furniture company will pay more than $1 million to settle U.S. Equal Employment Opportunity Commission allegations of hiring bias, and the share of employees who say a diverse workforce leads to greater profitability is growing.
Here’s a closer look at those numbers and some of the others making headlines in the HR world. Court orders have shown there are limits to workers’ discrimination claims under the Americans with Disabilities Act. Practitioners are increasingly responsible for vetting such tools before they are deployed in a workplace or recruitment setting, SHRM CHRO Jim Link told HR Dive.
Court orders have shown there are limits to workers’ discrimination claims under the Americans with Disabilities Act. Practitioners are increasingly responsible for vetting such tools before they are deployed in a workplace or recruitment setting, SHRM CHRO Jim Link told HR Dive.
⚡ Effects Interpreter
🌍World Economy
- ▶The wider trading system tends to absorb shocks like this slowly.
- ▶The ripples can spread across borders, nudging growth forecasts here and there.
🏙️Local Economy
- ▶Job hunters should check whether openings in the sector are affected.
- ▶Pay packets and rotas nearby could bend with the news.
🏦Rates & Banks
- ▶A sudden leap in mortgage costs from this alone would be out of character for lenders.
- ▶Financial markets sometimes overreact to rate speculation before banks even respond.
❤️Health
- ▶Public health messaging can go a long way toward easing collective worry.
- ▶Looking after mental health is worth it when headlines feel heavy.
💷Wealth
- ▶A change in income can ripple through the household budget.
- ▶Uncertain work typically means postponing big financial decisions for a while.
🏠Housing
- ▶Estate agents usually say the market takes weeks to catch up with news.
- ▶Rental yields in the area might shift only slightly, if at all, from this.