Allwork
MARCH 22, 2024
In 2024, the average increase in base pay rise is expected to be around 4.5%, only slightly above the current inflation rate of 3.2%. According to an analysis of the data published by Yahoo!finance It’s reported that many employers lack formal pay structures and 40% actively discourage salary discussions among employees.
Allwork
MARCH 7, 2024
It’s not just big salaries or fancy office spaces that attract Gen Z workers; finding greater affordability, strong prospects for career growth, and a community that aligns with greater work-life balance are seen as important factors as well. The data suggests that it’s not just big salaries or fancy office spaces that attract Gen Z workers.
Allwork
OCTOBER 17, 2023
A notable 59% of low-income consumers reported not receiving a salary increase, in contrast to 34% of high-income consumers. Some economists even predict a possible recession by 2024, which could exacerbate income inequality and widen the racial wealth gap. Wage increases are not keeping pace with the escalating cost of living.
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