All articles tagged with #job postings
The US labor market remains relatively stable despite the absence of the official jobs report due to the government shutdown, with signs of softening and imbalances across sectors, but overall employment conditions are not deteriorating significantly.
As pay transparency laws requiring employers to disclose salary ranges in job postings take effect, a report from ZipRecruiter reveals that the growth of advertised wages for new hires is slowing down and, in some cases, even reversing, with companies now posting lower pay ranges. Some employers are leaving jobs unfilled as candidates demand higher pay than what the company is willing to offer. Additionally, about 30% to 40% of employers are not complying with pay transparency laws, leading to complaints and lawsuits. However, some companies are voluntarily posting pay information even in states without a requirement. The rise of remote work has made it challenging for employers to adjust postings to comply with varying state and local requirements.
Job postings with salary ranges are becoming increasingly common in the US, with half of all job postings in August including some form of employer-provided salary information, according to a report by job board Indeed. This marks the highest share recorded so far, with the overall share of postings with pay transparency nearly tripling since February 2020. The increase is largely due to pay transparency laws enacted by states, and this trend is expected to continue with New York State's disclosure law taking effect this month. By the end of the year, approximately one in four workers in the US will be covered by a state or local law requiring pay range disclosure. The availability of salary information helps job seekers negotiate compensation and has led to increased application rates and higher-quality applicants, according to research. However, there are concerns that employers may reduce the precision of pay information as recruiting intensity fades.
Starting Sunday, employers in New York State are required to list the salary or salary range for job postings under the Pay Transparency Law signed by Governor Kathy Hochul. The law aims to empower job seekers and address pay inequity. It provides transparency for job postings and requires employers to keep records of all postings. The law will help applicants know what they're applying for and benefit employers who pay competitive wages. However, some are skeptical about whether the law will make a difference in pay inequity and discrimination.
Job postings on employment website Indeed fell 15% from the same time last year, indicating that companies are hiring fewer workers compared to last year, which could be a sign that the US economy has reached its breaking point amid the Federal Reserve's aggressive rate-hiking cycle.
Sony is hiring for 22 roles related to cloud gaming tech, including a Director of Product Management for Cloud Gaming, five senior platform engineers, and a security architect. The company is also aggressively pushing to patent cloud gaming technology, with Mark Cerny himself having his name on a host of 2022 and 2023 patent applications around cloud gaming. While there is no indication that Sony will launch its own next-gen cloud gaming service soon, the company is clearly focused on developing its cloud gaming vision and infrastructure.
Employers are increasingly seeking new hires who can use AI technology in their daily job functions, with job postings mentioning "GPT" ballooning by 51% from 2021 to 2022. AI-related tasks are becoming embedded in a small but growing number of jobs that aren't directly tied to tech functions, with enthusiasm to experiment with such tools being as much a qualification as technical knowledge. However, concerns over regulation and controls have been raised as the technology barrels ahead.
Job listings site Indeed.com is laying off 2,200 people, or 15% of its headcount, citing broader economic pressures. CEO Chris Hyams broke the news to employees in an all-hands meeting on Wednesday morning, saying that the cuts would affect teams across the company. Employees whose jobs were cut were notified via email following the meeting.
Amazon's lack of internal oversight and governance in job postings led to over-hiring, with one team in Amazon Web Services having three times more job listings than approved for, according to an internal document obtained by Insider. The flaws in Amazon's job-posting process offer a vivid example of how the tech behemoth had become lax in its recruiting processes as it rushed to expand during the boom times that ended late last year. The aftermath of the hiring spree has been brutal for Amazon employees, with the retailer announcing on Monday that it would be cutting 9,000 additional jobs in the coming weeks after letting go a record 18,000 people in January.