With the new year upon us, it's the perfect time to reflect on key trends in the 2018 U.S. labor market. The ADP Research Institute (ADPRI) examined job growth, wage growth, and bonus pay and pinpointed some major themes from the year. As 2019 begins with the labor market at full employment and record low unemployment, employers will be hard-pressed to attract and retain the skilled talent they need. This year it is imperative that employers focus on providing the pay, benefits, and culture that today's workers demand in order to engage their people. What can employers learn from 2018 to better prepare for 2019? Check out the slideshow above for four key themes.  

Ahu Yildirmaz is the co-head of ADP Research Institute, where she directs economic and labor market research.   From: BenefitsPro

Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.

Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Thought leadership on regulatory changes, economic trends, corporate success stories, and tactical solutions for treasurers, CFOs, risk managers, controllers, and other finance professionals
  • Informative weekly newsletter featuring news, analysis, real-world case studies, and other critical content
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the employee benefits and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Managing Staff
Analysis