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In a recent press release, people- and money-management solution provider Workday, Inc. announced findings from its semi-annual Global Workforce Report, which looked at data from a poll of over 1,000 respondents in July 2024, to help understand ongoing labor market and hiring trends. Here are a few of the report’s key findings.
Labor Market Leverage Shifting to Employers
It seems like the labor market has whipsawed considerably over the last several years. While employees have had a run at historic leverage in their job search for some time during and since the pandemic, the Workday report suggests the