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Migration has always been a significant factor in shaping the workforce of any country. According to the ILO Global Estimates on International Migrant Workers, there were 169 million international migrant workers in 2019, accounting for 4.7% of the global labor force. Also the Pew Research Center projects that the U.S.…
Amid the seismic impact of the COVID-19 pandemic on the US workforce, 30.5 million workers have resigned just in August 2023. The Labor Force Participation Rate (LFPR) in the US has been seeing a downward trend since the early 2000s, but the COVID-19 pandemic accelerated this trend, causing millions of…
The US businesses are facing a serious challenge: a shortage of unskilled workers. The imbalance between job openings and unemployed individuals poses a significant challenge to the country’s economy. According to the US Chamber of Commerce, there are 9.5 million job openings, while only 6.5 million workers are unemployed as…
Annually, American companies incur losses amounting to billions of dollars as a result of staff attrition. A recent study from HRDIVE reveals that the typical expense incurred from the departure of an employee stands at $15,000. This figure encompasses the financial outlays for recruitment, training, induction, and the dip in…
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