"Going forward, employers should consider 3% as the wage growth floor, especially if they want to stay competitive." Chief economist Mallory Vachon, PhD recently discussed the 2025 LaborIQ forecast with ROY MAURER of SHRM. Article linked in the comments below 🔗
LaborIQ
Software Development
Dallas, Texas 3,805 followers
Salary Benchmarking Software for HR Teams
About us
LaborIQ provides HR teams with salary benchmarks to compete for new hires and retain employees in today’s market. Thousands of users trust LaborIQ to provide salary recommendations that help close pay gaps, ease pay transparency challenges, fill jobs faster and reduce turnover. We believe that traditional salary surveys and crowd-sourced data are lagged and unreliable in today’s evolving job market. For companies to compete for talent and succeed, they must have access to unmatched compensation data quality.
- Website
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https://LaborIQ.co/
External link for LaborIQ
- Industry
- Software Development
- Company size
- 11-50 employees
- Headquarters
- Dallas, Texas
- Type
- Privately Held
- Founded
- 2019
- Specialties
- Labor Economics, Salary Answers, Talent Supply and Demand, Compensation Planning, Forecasted talent costs, SaaS, B2B Software Solutions, Labor Data, Total Compensation, Employee Retention, Job Market Forecasts, Merit Planning, Recruiting, Annual Headcount Budgeting, Hiring, Business Strategy, Pay Equity, Pay Transparency, Salary Benchmarking, and Compensation Benchmarking
Products
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LaborIQ
Talent Intelligence Software
LaborIQ's compensation software provides HR teams with salary benchmarks to compete for new hires and retain employees in today’s market. Thousands of users trust LaborIQ to provide salary recommendations that help close pay gaps, ease pay transparency challenges, fill jobs faster and reduce turnover. We believe that traditional salary surveys and crowd-sourced data are lagged and unreliable in today’s evolving job market. For companies to compete for talent and succeed, they must have access to unmatched compensation data quality.
Locations
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Primary
Get directions
2626 Cole Ave
Suite 300
Dallas, Texas 75204, US
Employees at LaborIQ
Updates
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📊 February’s jobs report is here! U.S. businesses added 151,000 new jobs, just below expectations. The unemployment rate ticked up to 4.1%, and 12-month wage growth edged down to 4.0%. 💡 Plus, we dig into how recent U.S. Federal government layoffs and hiring freeze could impact HR, business leaders, and job seekers. ✍️ Mallory Vachon, PhD
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The unemployment rate ticked down to 4% in January. Hiring volumes have slowed, but layoffs remain near historic lows. The good news is that most people who want a job have one. However, for job seekers, a slowdown in hiring means it can be much harder to find a job now than it was a year ago. #jobs #hiring
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DREAM SCENARIO: HR comes to you and says they're adding an extra benefit. Which one would you want? #compensation #benefits
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Wages grew by 4.1% year-over-year in January, up from 3.9% in December. One of the biggest surprises in the labor market over the past year has been the persistence of wage growth despite lower hiring volumes and turnover. This is great news for workers, but presents a challenge for businesses who may not have included these wage growth projections in their headcount budgets. #compensation
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A jaw-dropping stat. Between 2000-2020, the 65+ population grew by 20.8 million, while the under-18 population grew by 812k... That is a 20x disparity. The younger generation isn't large enough to fill the leadership vacancies coming up, so organizations will have to make some adjustmets. #labor #jobs
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When does a salary range become too big? At some point, big ranges confuse more than they help. So how much of a range is too much? #CompensationStrategy
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