Is Loyalty Hurting Your Salary?

Eat Your Career

Salary Discrepancies Between New Hires and Current Employees. According to Business Insider , the salary gap between new hires and current employees is 7% nationally and this is “inverted.” A lagging salary can impact your earning potential for many years to come.

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Today’s Professionals Value Wellbeing Over Salary

Allwork

While factors like pay will always play a significant role in employee preferences, more professionals are prioritizing their own wellbeing and quality of life over salary. According to the findings, the top six workplace priorities as of April 2022 included: . Comfortable salaries .

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Inflation is Pushing Up Salaries, But Who Pays the Price?

Allwork

One side effect of rising inflation and costs is the need to increase salaries. The post Inflation is Pushing Up Salaries, But Who Pays the Price? inflation accelerated in September , and in response, the Federal Reserve looks set to keep raising interest rates. .

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81% Of Gen Z Think Sharing Their Salary Will Create Change

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Although salary transparency can help reduce the gender pay gap, older generations are more likely to feel like discussing pay is discouraged in their workplaces. . It becomes harder for organizations to pay workers unfairly when their salaries are open to public scrutiny. .

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HR Leaders Share How New Salary Transparency Laws Have Changed Everything

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As of November 1, a law in New York City now requires employers with four or more people on the payroll to provide a salary pay range in all job advertisements. . Companies will be required to include a salary or hourly wage range, according to CNN Business. .

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You’re Not Alone: 54.7% Of U.S. Salaries Haven’t Kept Up With Inflation

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salaries haven’t kept up with inflation. This isn’t shocking; historically, salaries do not keep up with inflation. . more likely than women to have their salary matched to the CPI. . “ Has your salary or hourly wage kept up with inflation?”

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As CEO Salaries Skyrocket More Than 25%, Financial Security Is Wavering For Workers

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The gap between CEO and employee salaries continues to expand, despite overwhelming backlash from low wage employees. . million salaries while the median worker received $23,968, the report revealed. . That said, and this may be provocative, are high salaries of CEOs at Fortune 500 companies impacting what is paid to a typical worker at those firms? The post As CEO Salaries Skyrocket More Than 25%, Financial Security Is Wavering For Workers appeared first on Allwork.Space.

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Twitter Pay Discrepancy Comes To Light With New Salary Dashboard Tool

Allwork

According to Twitter’s Salary Range Dashboard, there is a significant gap in pay for employees across various countries. While the salary dashboard was intended to uphold pay transparency across the company, employees who inquired about the discrepancy were met with resistance from managers.

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64% Of Small Businesses Will Not Cut Salaries To Prepare For A Recession

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A new survey shows that businesses are turning to price hikes before slashing employee benefits and salaries as the world braces for a recession. . In order to prepare for an economic downturn, 64% of small businesses and 49% of large companies said they would not cut salaries. The post 64% Of Small Businesses Will Not Cut Salaries To Prepare For A Recession appeared first on Allwork.Space.

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The Utility of Coworking Spaces for Gig Economy Workers

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Sociology (2022) states that the gig economy will involve more worker uncertainty. According to Upwork , as of 2022 , 36% of the total American workforce is in the gig economy, as 59 million Americans freelance in some capacity. .

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Will 2023 Start The Golden Era of Robotics? Companies Are Turning To AI To Cover Labor Shortages

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One in five workers plan to quit their jobs in 2022, a PwC survey reported. Around 20% of workers plan to quit their jobs in 2022, according to PwC’s Global Workforce Hopes and Fears Survey , one of the largest of such surveys conducted.

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Who’s Stuck With The Bill?

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You may need to make your own pension or retirement contributions from your salary if your employer is not contributing towards that. . Some employers also adjust staff salaries, depending where in the world they live and the costs of living there.

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A Quick Guide to Executive Assistant Salaries

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Frequently asked questions often revolve around executive assistant salaries. We looked at some data from Payscale and Indeed.com , which show average salaries for full-time executive assistants. Compare remote work and in-office work salaries - there’s often a difference.

Future Of Work Consultancy CEO Says Embrace New Ways Of Working, Or Lose In The War For Talent

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Instead, they need to see it as a disruption, and therefore, they need to take advantage of this opportunity to disrupt the status quo…In the war for talent, if you don’t offer flexibility, you have to offer much higher salaries.

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Dear Debbie: Why Do I Downplay My Hard-Earned Success in Social Settings?

Success

I didn’t mind that random strangers often assumed my husband was our primary earner, despite me having doubled his salary in real estate sales alone. This article originally appeared in the November/December 2022 issue of SUCCESS magazine.

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New York City’s Pay Transparency Law Goes Into Effect Today

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Starting today, employers in the city will be required to include “good faith” salary ranges in job postings, promotions and transfer opportunities. . Pay transparency is hitting the mainstream, and New York City is the latest to jump on the trend. .

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Society 18 Founder Pamela Zapata on Supporting Influencers of Color and Knowing Your Worth

Success

Because I know what I felt like when I was negotiating my salary—it’s very hard to negotiate for yourself. This article originally appeared in the November/December 2022 issue of SUCCESS magazine. “Racial pay gaps are an issue in every industry,” NBC News reported last year.

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A Staggering 98% Of Workers Support Wage Transparency Laws

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Although a relatively new concept in practice, salary transparency has been in workers’ rights discussion for decades. New laws could alter the job application process forever. .

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57% Of Companies Want To Enact Geographic Pay Policies – Here’s Why That’s A Problem

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A new survey finds that more companies are exploring discrepancies between remote and hybrid worker salaries. . According to advisory firm Willis Towers Watson’s (WTW) 2022 Pay Clarity Survey, 17% of companies currently disclose pay ranges in states where it is not required by law.

Lawsuits, Lost Expertise And Bad Morale: The Steep Risks Of Ignoring Older Employees

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Maybe you are ready to trade in some salary for greater flexibility in hours or location. Before the pandemic, an AARP survey showed 61% of people ages 40 to 65 had either seen or experienced ageism in the workplace. In May of 2021 that number jumped to 78%. .

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Maybe You’re The Problem: How Better Leadership Can Lower Employee Stress Levels

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44% of employees stated feeling stressed at work the previous day according to Gallup’s State of the Global Workplace: 2022 Report . For instance, 55% of workers in Australia and New Zealand said they were living comfortably on their current salary compared to 13% of workers in East Asia.

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Defining The Future Of Work: Key Terms To Know For 2023

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Sometimes called the Great Reshuffle, workers participating in this job exodus often cited seeking better work benefits, conditions and salary. . Over the last few years, the pandemic has upended how employers and employees alike view the workplace.

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Finding a Voice in the Future of Work

Success

Hint: it goes way beyond salary and PTO. Correction: In the November/December 2022 issue, Sophia Bush and Nia Batts were incorrectly listed as investors of First Women’s Bank.

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Freelancers Performing Free Tasks: Is It Helping Or Hindering Their Career?

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For instance, workers are often asked to take over tasks that, with the appropriate title, would be paired with a higher salary. The path to a good-paying job seems simple enough.

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The Uncertain Future Of Performance Reviews Could Lead To Layoffs

Allwork

It’s important to note that all performance reviews are not related to an annual review or a discussion of title or salary, but are often used as check-ins to help employees remain connected and feel encouraged.

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59% Of Gen Z Workers Believe They Will Never Own A Home

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Gen Zers were the most anxious and burned out generation according to a new study from McKinsey, with half saying their current salaries are unsustainable. Young American workers are becoming more and more disillusioned, primarily due to a worsening economy and stagnant wages. .

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The Financial Benefits of Thinking Like an Entrepreneur

Success

According to him, the entrepreneur has unlimited upside with limitless earning potential, while a job is fixed with a salary and maybe a bonus. This article originally appeared in the November/December 2022 issue of SUCCESS magazine. I wasn’t the best with money.

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How One Entrepreneur Capitalized on a Niche Singles Market: Jewish People on Christmas Eve

Success

I ended up making more than my annual salary for the night and quitting my job right after the event. Andy Rudnick sat bored out of his mind at a Jewish singles party on Christmas Eve in 1986.

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This Inexpensive Degree Could Kickstart A Lucrative Career

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The median annual salary among the top paying applied associates degree career paths is roughly $70,000. . Degrees that cost around $20,000 can yield a starting salary of roughly $80,000.

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How Badly Do You Want the Life You Dream About?

Success

A successful sales executive, Webber found herself increasingly dissatisfied with her work in the tech industry despite its secure salary and lucrative annual bonus. Have you ever held back from making a change or taking a chance, afraid of what might happen if you did?

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Why Wage Transparency Laws Require Planning And Strategizing

Allwork

One of the most prominent workplace issues to take precedence in recent years has been the concept of wage transparency — and some states are leading the pack in enacting laws that provide a more explicit look into what a position’s salary range is. . In the U.S.,

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How To Help The Environment And Your Career? Enter The Growing Green Economy

Allwork

That overall growth rate for green jobs is higher than for the overall workforce (+7.7%), and some green occupations are among the fastest-growing in the country — plus they tend to pay 31% more than the national median salary. These are the top ten green jobs with the highest salaries: .

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Three HR Experts Share How To Prevent Quiet Quitting And Quiet Firing

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Employees who tend to be engaged in their work, says Deal, are the ones who feel like their workplace fulfils their needs in terms of salary, benefits, flexibility and support. . “As

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The Ubiquitous Anywhere Worker — A Passing Fad Or The Future Of Work?

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Anywhere Workers — The State of Play in 2022. As of June 2022, over 25 countries had introduced digital-nomad visas to attract international guests who can temporarily live in one country while working for companies or clients based in another.

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How Colorado’s Pay Transparency Law Is Enticing New Workers

Allwork

Last year, Colorado enacted the Equal Pay for Equal Work Act, a law that requires employers to share salary ranges on job postings. .

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Should Your Company Be Labor Hoarding? HR Leaders Share Why They Believe The Answer Is Yes

Allwork

Companies also are cutting back on promotions and salary increases to make sure the current wages are sustainable for the long run, but oftentimes these actions do not match employees’ needs for increased wages due to inflation and increases in cost of living,” Nayani told Allwork.Space. .

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Julie Whelan CBRE Global Head of Occupier Research | It’s Time to Unleash the Workforce

Allwork

And not surprisingly, number one, with salary and benefits, it’s always going to be the factor of taking in new net, new job with the company. Guest Episode Video Transcript. Julie Whelan. Global Head of Occupier Research at CBRE.

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Want A Raise? Make Small Changes To Boost Willpower

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The sort of habit development outlined above is associated with higher levels of happiness , fulfillment, productivity, salary raises, and career success. The sort of actions that require a high degree of willpower are actions that are important, but also strenuous and boring .

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Over Half Of Employees Prioritize Job Security Over Flexible Work

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According to the study of nearly 13,500 people, 50% said they desired having a safe workplace, while 49% valued a competitive salary and good time-off policies.

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Don’t Count The Great Resignation Out Just Yet

Allwork

Maybe it wouldn’t be a problem if companies took better care of their employees, and paid them competitive salaries, and gave them the support that they need in the form of remote work and good benefits.” .

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