58% of Americans are Open to Work Beyond Retirement Age

16% 

Epic Games unveiled its strategy to streamline operations by reducing its workforce by 16%, selling its music platform Bandcamp and spinning off most of its SuperAwesome services. CEO Tim Sweeney explained that Epic, known for its development and publishing of popular video games like Fortnite, had been actively seeking ways to trim expenditures, including those related to marketing and events. Ultimately, the decision to implement layoffs was to achieve financial stability. 

58%   

A financial planning and investing firm, reveals that approximately 58% of Americans are willing to contemplate working even after reaching retirement age, and they are open to the idea of indefinite employment. Moreover, survey participants felt that working after retirement would enable them to maintain a structured daily routine and keep their minds and bodies active.  

80% 

A recent study revealed that 80% of LGBTQ+ workers are open about their sexual orientation at their workplaces, a significant increase from 36% in 2016. Among those who are out at work, 70% reported a positive impact on their career advancement, while 78% noted its benefits in personal and professional networking. 

44 

A BambooHR report reveals that employers typically have a 44-day window to make a significant impact on a new hire's experience. Initial impressions are paramount, as around 44% of newcomers express early regrets or uncertainties about their positions, with 23% encountering emotional distress during their first week. Within the initial month, 70% of new employees decide if the job suits them, 29% reach this conclusion within their first week, based on a survey of 1,565 full-time U.S. employees and 500 HR professionals. 

4.1% 

A relaxed labor market, and economic uncertainty, U.S. companies intend to scale back their budget growth for employee pay next year, dropping it to 3.9% from 4.1% in 2023, as reported by Mercer.  Additionally, employees will be offered fewer promotions, with only 8.7% of workers expected to receive promotions in the coming year, compared to 10.3% in the current year, according to Mercer's survey findings.