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Recent Editions
Human Times
North America
U.S. employment costs increased at a steady pace in the second quarter, according to the Bureau of Labor Statistics, with the Employment Cost Index rising 0.9% from the previous quarter and 3.4% from a year earlier, indicating that labor costs are not adding significant inflationary pressure to the economy. However, after adjusting for inflation, both overall compensation and wages declined over the year, suggesting workers' purchasing power has weakened despite continued nominal pay increases. The report showed wages and salaries for civilian workers rose 0.9% during the quarter and 3.2% year over year, while private-sector employer spending on health benefits increased 6%, outpacing wage growth. The data support the Federal Reserve's assessment that the labor market remains broadly balanced as policymakers continue to monitor inflation and employment trends ahead of the July jobs report.
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Human Times
UK
Employers should not rely so heavily on virtual job interviews when hiring because they don't capture candidates' personality and passion, UK prime minister Andy Burnham has said. "One thing I really don't like is this culture now of interviewing via Zoom or Teams," he told a careers podcast, adding: "How do you get over some of your personality, your passion?" Burnham said: "It seems to me to then work against people who have that side to their character and work for those who are just giving the more formulaic answer." Maxine Bligh from the Recruitment and Employment Confederation (REC) said: "AI tools are helpful, even essential, when dealing with a huge volume of applications, but it takes skill and professionalism to make the right call . . . The key message from us to recruiters is to go digital where it matters and human where it counts."
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Human Times
Europe
Unilever has agreed to protect the employment terms of workers in its European and UK food unit until at least mid-2029 after the planned 2027 completion of its $65bn merger of the business with US spice maker McCormick. The two year agreement, which will govern the treatment and pay of European employees regardless of changes in business conditions, is twice as long as is usual for such deals and goes beyond the protection that is typically afforded under European Union and British legislation, under which employee contracts and collective agreements can be renegotiated one year after merger deals. A Unilever spokesperson said: "We have made good progress over the past few weeks and have agreed commitments in Europe regarding the protection of employees’ terms and conditions and consultation timelines."
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Human Times
Middle East
Employers who are concerned about applicants using stolen or fabricated identities to boost their chances of getting a job are verifying applicants' identities throughout the hiring process by taking biometric scans of their faces and scrutinising email histories. More than a third of about 1,230 headhunters and hiring managers surveyed by hiring software firm Greenhouse say they now spend half their time filtering for “spam and junk” job applications. “Technologies are now being used that draw from well-tested, decades-old cybersecurity used in places like airports and voting and military and government applications to the ordinary business of applying to a job,” Greenhouse chief executive Daniel Chait said. Almost a quarter (23%) of US companies polled by background-check provider Checkr said hiring fraud had cost them more than $50,000 in the past year because of delayed projects, compliance issues and rehiring costs.
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