Employers have been hiring in a tight market and have taken to increasing pay to try to edge out the competition. Flexible schedules, free food, and employee recognition are all examples of perks employers are offering to attempt to beat out competitors.
However, despite the competitive job market, the looming recession has caused some companies to be more conservative. Walmart recently announced plans to hire 40,000 workers for the holiday season, which is a huge decline from the 150,000 retail and 20,000 supply workers that were hired last year
Workers are now saying that the rate of pay is their number one priority when searching for new employment opportunities. Location, scheduling, flexibility, and opportunities for growth follow close behind. Many workers are also turning to side hustles to pull in some extra cash.