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In Tight Labor Market, Employers Urged To Rethink Compensation Strategy; Traditional employee compensation plans find themselves challenged as competition for talent increases. Elliot Dinkin of Cowden Associates, advises employers to develop alternative a

Jan 14, 2020 - PR Newswire

PR Newswire

PITTSBURGH, Jan. 14, 2020 /PRNewswire-PRWeb/ -- In November of 2019, according to the U.S. Bureau of Labor Statistics, the unemployment rate in the U.S. reached 3.5%, an 18-year low(1), while the number of job openings in the country rose to 7.267 million.(2) Meanwhile, a new report from ADP Research Institute show that employee turnover is averaging 60% annually in the U.S., with even higher rates in certain industries.(3) "In today's competitive market, employers need to pay ...