Lionzone

The March Jobs Report and the February Job Opening and Turnover Survey reveal that the labor market is still in charge of the economy, but things are starting to calm down. The Federal Reserve will probably still raise interest rates to make this process continue, but the raise looks like it will be a quarter point. There will be another report before the next Reserve meeting in May.

With Employee Retention being the priority for many companies in 2023, it is important to have every tool, tip, and trick at one’s disposal. Some of these items are tangible, like better pay, more flexible hours, etc. However, not every idea has to be materialistic; it is imperative to ensure that every retention plan makes room for Diversity, Equity, and Inclusion, or DEI for short.

In 2001, only 27% of truck drivers were African American or Latino American. In the past twenty years, though, that number has risen to 40%, and now also includes a growing number of Asian Americans. What has changed in the trucking industry? And are those changes indicative of further inclusion and diversity coming in the future?

Many recruitment strategists, financial experts, and job market specialists will tell you that millennials make up the largest portion of the U.S. workforce. Some researchers have that number at 35%. In order to hire, engage, and retain millennials, recruiters and HR managers are having to figure out new methods that reach this generation. Through gamification, supervisors are starting to engage millennials in new and interesting ways.

From the middle of the pandemic to today, the trucking industry has cooled down on its hiring. According to the jobs report released this month (March 2023), trucking companies have lost 22,000 jobs. Why? What happened in the industry?