Thu, Jun 13 - 7:45am - 10:00am
Are you struggling with finding the right talent for your organization? Do you know if you are competitive in your overall compensation structures? Is your industry expanding or shrinking in terms of the labor market in N.J.? Should you reconsider your recruiting and retention strategies?
Recent labor market developments reflect the continuation of the recovery, the aging of the population, strong business spending on information technologies, and increases in state minimum wages. This presentation will highlight the implications of these trends for human resources professionals in New Jersey. More specifically, the presentation will discuss which industries have seen the largest increases in employment and wages, both nationally and locally. It will also present information on which demographic groups are seeing accelerating wage increases, and what factors have been driving increases in benefit costs.
Learning Objectives:Upon completion, participants will be able to:
•Identify demographic groups in New Jersey that still have relatively high rates of unemployment•Identify which industries in New Jersey and in Monmouth County are experiencing accelerating wage increases and which are not•Identify the types of benefit costs that are rising most nationally
About the Speaker:
Martin Kohliis the Chief Regional Economist in the New York office of the Bureau of Labor Statistics. The Bureau is a unit of the U.S. Department of Labor. It’s the principal fact-finding agency for the government in the field of labor economics and statistics. The bureau collects, processes, analyzes, and disseminates essential statistical data to the American people, U.S. Congress, federal, state and local governments, businesses, and labor representatives.
Mr. Kohlihas given talks on the regional economy to numerous groups. He is interested in the consequences of the aging of the population and in the changing geographic division of labor.