2022 was a turbulent time for the workforce as employers, employees, and human resource leaders alike had to cope with a series of changes to both the economic and social landscape.
The first half of the year saw unemployment rates dip towards a 50-year low according to the Bureau of Labor, while the Federal Reserve made several interest rate hikes – most recently hovering around 4.5% – and the cost of gas and household necessities spiked. In fact, families likely spent nearly 16% more to feed their families during last month’s holiday season, as compared to the year prior.
