In this Trending Topics episode, Mallory Vachon, Chief Economist of LaborIQ, joins us to discuss recent challenges and trends in the labor market and compensation data. She explains how LaborIQ provides recommended salaries based on up-to-date data and market conditions — while also highlighting the limitations of traditional salary surveys and crowd-sourced data. It's clear that the Great Resignation exacerbated already-existing struggles faced by HR and recruiting teams — but Mallory analyzes recent reports and explains the factors behind the increase in the unemployment rate.
It's a JAM-PACKED episode filled with all sorts of insights into the "why" behind some of the trends we're seeing right now — and how they may continue to play out in the future. Undoubtedly worth a listen!
Chapters:
00:00 - Podcast intro
02:40 - Introducing Mallory Vachon: her role and expertise
04:15 - Realizing the limitations of salary surveys
07:55 - Enhancing HR strategies with LaborIQ insights
11:02 - Managing salary expectations in recruitment
13:28 - The significance of First Friday reports
19:16 - Revisions and seasonality in labor market data
23:40 - Top trends in recruitment: essential insights
29:50 - Demographic shifts in the recruiting market
36:24 - Wrapping up: podcast farewell
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