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Labor Outlook 2016

Published: February 11, 2016

The national Q1 results of multiple sources are flooding in, and the prognosis looks decidedly positive for labor in the United States for the coming months.

Recent research data suggests that hiring among the private sector was slightly up, compared to what was expected. News of the increase, in the manner of more than 200,000 jobs, bodes well for the US labor market as WSJ analysts also predict 190,000 new jobs. According to the report, medium-sized businesses were among the biggest winners, as they hired 82,000 in January 2016, a definite uptick from December’s 77,000. Further, with unemployment rates of 5 per cent holding at their lowest levels in 7 ½ years (according to Reuters) the job market is looking strong for America.

As a business grows from strength to strength, becoming more successful and moving from a small business to a medium sized business with hundreds of employees and beyond, strategic and timely investments, particularly in IT and HR infrastructure and technology, have the power to yield even greater gains in terms of profitability.

Rather than resisting technology due to fear or lack of knowledge, it is important to start thinking about how you can embrace it and use it to enhance your business.

Mitrefinch HR management software is an indispensable tool for businesses with 100 or more employees. With HR and payroll struggling under the burden of large-volume employee data, the need for a single, integrated system for employee records, meaningful analysis, reporting and audits becomes greater than ever. For further information on the Mitrefinch HR Management System, click here

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