Workers earning $60,000 or less are job-hopping at record rates—here's why that could be good. (via CNBCMakeIt)
will add nearly 3.1 million jobs through 2023 — outpacing the growth of future middle-wage jobs, even.
Faster wage growth, particularly among jobs that tend to pay $60,000 or less, has also led to more activity on jobs sites,"On Glassdoor, we've seen the fastest wage growth for these lower-wage jobs, and that's across a wide variety of jobs, from cashiers to warehouse workers," Zhao says. "It also affects jobs that are at the upper end of that wage spectrum, like technicians or truck drivers.
This bargaining power puts job candidates in the driver's seat for negotiations, Zhao says, and employers would do well to expect these conversations and come to the table prepared. He suggests job candidates use salary comparison sites, in addition to competing offers, to leverage the best pay, benefits and total compensation package. According to the Fed report, the average annual salary of job offers was $54,943 in July, up from $52,590 last summer.
While the news of the tight labor market might seem to be advantageous only to those willing to change jobs, it could also encourage employers to bolster their employee engagement and satisfaction efforts. In turn, this could signal a good time for workers to angle for a raise, promotion or other perks, like a flexible schedule.
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