Surge in Online Job Scams: Fake Listings, Scam Emails Targeting Job Seekers
$491 M
McAfee reports stated that online job scams are surging due to fake job listings, AI-powered chatbots, and scam texts or emails to lure victims. The Federal Trade Commission reported a loss of $491 million in job scams in 2023, a 25% increase from the previous year. Red flags include seeking personal details, high pay with low working hours, adequate response, etc.
3.9%
Despite low hiring and unemployment in the US, there will be a slight hike in the base salary at a strong pace in 2025. The salary budget will rise to 3.9%, slightly higher than 2024's 3.8%, according to The Conference Board. Despite a cooling labor market, wage growth remains driven by a shrinking labor supply, though some companies plan to scale back sign-on and retention bonuses.
$25
Recently Bank of America the second-largest U.S. lender declared a $1 rise per hourly wage for workers in the U.S. This wage increase leads to a $24 increase in the hourly wage and is predicted to rise $25 by 2025. This increase brings the minimum annual salary for full-time employees to nearly $50,000, benefiting thousands of workers. With bank tellers earning a median wage of $18.10, BoA’s wage hike offers a significant boost in a challenging labor market.
30%
Samsung Electronics plans to lay off its global workforce by up to 30% in some divisions as part of a restructuring effort, impacting sales, marketing, and administrative staff across multiple regions by the end of 2024. The cuts aim to improve efficiency as the company faces challenges, including a global downturn in the semiconductor industry and weak demand for smartphones and PCs. Production staff will not be affected.
44%
A new survey from JLL reveals that 44% of global employers now require employees to work on-site five days a week, up from 34% in 2022. Hybrid work arrangements have also declined, with only 56% of employers offering remote work options, down from 77%. Larger organizations, especially in the EMEA region, are more likely to maintain hybrid models.