Heading Toward a $25 Minimum Wage

And more recruiting intelligence sourced from all over the internet.

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Oct 9, 2023

Remember when $15 minimum wage seemed like a big deal? How does $23 sound? Recently, Bank of America announced that it would increase its minimum wage for hourly workers to $23 this month. And by 2025, the company aims to pay $25. That would be a 121% increase since 2010. (Bank of America)

Walmart is jumping on the trend to strip degree requirements from jobs. Not all jobs, of course. In a recent statement, the retail giant said that it will remove higher education as a requirement for some corporate roles. The company intends to revamp job descriptions that will allow people to qualify for positions either with degrees or via relevant skills. (Walmart)

LinkedIn introduces a new AI-assisted recruiting tool. Regarding its new Recruiter 2024 tool, LinkedIn states: “By pairing generative AI with our unique insights gained from the more than 950 million professionals, 65 million companies, and 40,000 skills on our platform, we’ve reimagined our Recruiter product to help our customers find that short list of qualified candidates — faster.” (LinkedIn)

Demand for production and manufacturing workers is high. Not so much wages. The Indeed Job Posting Index shows that the sector was 51.3% above pre-pandemic levels as of September. However, wage growth in the industry is still behind national averages. (Indeed)

Ghosting by recruiters continues to be a problem. Recruiters hate it when candidates do it, so why do recruiters also ghost people? (HR Dive)

Remote jobs gave people with disabilities opportunities. But now come in-office mandates and… And you can pretty much guess what. There’s a real risk that much of the progress made for this talent pool will be undone by the trend to bring more workers back onsite. (USA Today)

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