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Job Seekers Losing Leverage, Pay, Flexibility As Job Market Flips

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It’s reported that many employers lack formal pay structures and 40% actively discourage salary discussions among employees. However, employees are also encountering major difficulties in negotiating competitive salaries and flexible work conditions.

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U.S. Workers Demand Higher Wages Amid Inflation and Labor Market Strains

Allwork

percent in March 2024. percent.” The data provided by the New York Fed serves as a critical indicator of the economic pressures facing both employees and employers, and it suggests workers are increasingly motivated to negotiate for higher wages. The average expected likelihood of working beyond age 67 also declined, to 31.2

2024 230
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6 Simple Steps To Help You Write The Best Cover Letters Using AI

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workers actively job searching within the past year have used ChatGPT — with those utilizing the tool more likely to say (85%) that they have negotiated higher salaries compared to those that didn’t use the tool (52%). Rather than worrying about establishing a structure for a cover letter, let AI draft up ideas for you.