The more things change, the more they stay the same. The adage certainly comes to mind as another new year dawns and many employers are still grappling with the same challenges they’ve been battling since the start of the pandemic.
The tight labor market, the harsh realities of remote work and inflation are still among the top questions facing businesses, the answers are evolving as the calendar turns to 2025.
Yes, the looming workforce cliff and the nation’s shifting demographics give employees more leverage than they had before the pandemic. But a softening job market has the pendulum swinging back toward employers.
Companies are already using that regained power to clamp down on —or even eliminate — hybrid work. That’s a change with implications not just for hiring and employee relations, but for office leasing decisions, economic development and the financial sector.
Speaking of finance, elevated interest rates have been a thorn in the side of businesses since…
Read the full story from the Washington Business Journal.
