article thumbnail

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. And your company knows that. Job Change and Salary.

Salary 290
article thumbnail

Are Employers Putting the Brakes on Salary Increases in 2024?

Allwork

a compensation management firm, released its eighth annual Salary Budget Survey (SBS). 81% in Canada) anticipate their salary budgets in 2024 to increase or remain the same as 2023. Despite a cooling labor market, a high number of organizations (78% in the U.S., The post Are Employers Putting the Brakes on Salary Increases in 2024?

Salary 240
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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

Allwork

With nearly twice as many open jobs as available workers, and with companies struggling to meet record demand, many economists and policymakers believe that what the economy needs right now is less hiring and less wage growth. . salaries haven’t kept up with inflation. High consumer demand in the U.S.

Salary 332
article thumbnail

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

Allwork

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. . What are the benefits of pay transparency? .

Salary 293
article thumbnail

HR Leaders Share How New Salary Transparency Laws Have Changed Everything

Allwork

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

Salary 246
article thumbnail

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.

Salary 261
article thumbnail

Would You Want to Reveal Your Salary? Soon, You May Not Have a Choice

Allwork

Like it or not, new salary transparency laws are creeping their way across the U.S. . Colorado and New York are among a growing number of states and cities that will soon require businesses to list salary ranges on job adverts. . It’s expected to be just a matter of time before listing salary ranges on job ads becomes the norm. .

Salary 240