Fewer people are in the workforce and inflation is on the rise.

Human Resources expert calls that "the perfect storm coming together to challenge employers."

wages are dependent on the labor market and not inflation, so employers aren't able to offer pay increases

The best advice is for employees to steer clear of asking for a big wage hike to take the bite out of their own personal expenses

instead ask for things that don't cost your employer real dollars, like a more flexible work schedule

or the opportunity to work from home if your job allows for that.

Floyd says as interest rates rise, and the inflation rate comes down, more people will likely join the workforce

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