Fewer Americans are using their vacation time than ever before, and while many Americans are the most confident than they have been with the economy since before the recession, according to Pew Research, guilt over taking vacation days may cause employee burn-out, according to one workplace authority.
Technology and automation could replace millions of jobs in the next decade, with a December estimate from the White House suggesting 3.1 million jobs could be replaced in transportation alone. Robotics spending is expected to hit over $135 billion by 2019, according to International Data Corporation. What could this mean for the job market?
“I do think companies are aware that the best workers are more in the driver’s seat,” said John Challenger, chief executive of Challenger, Gray & Christmas, an executive outplacement firm. “Companies know that if they lose someone they value, it’s harder to go out and replace skilled workers in a low-unemployment environment.”
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June Job Cut Report Due Wednesday, July 3
Monthly job cuts declined for the third consecutive month in May, as U.S.-based employers announced plans to trim payrolls by 36,398 during the month, 4.5 percent fewer than 38,121 cuts in April. The May total was 41 percent lower than the same month a year ago, when employers slashed payrolls by 61,887. Global outplacement consultancy Challenger, Gray & Christmas, Inc. will release its report on June job cuts on Wednesday, July 3, at 7:30 a.m. ET.
June CEO Report
Rising quit rates and fewer job seekers vying for open positions could signal a return to the types of labor shortages that plagued employers during the dot.com boom. While widespread talent shortages are probably five to ten years away, some regions and industries already may be feeling the pinch.
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