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. Job Change and Salary. Keep reading to learn more.

Salary 290
article thumbnail

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

Allwork

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?” A new survey has found that 54.7%

Salary 334
Insiders

Sign Up for our Newsletter

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

article thumbnail

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. Those higher labor costs, in turn, are often passed on to consumers in the form of higher prices. . Inflation has pushed up the price of everyday goods and services, from grocery bills and rents to utility costs and vacations, among other expenses.

Salary 242
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 257
article thumbnail

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

Allwork

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. . But the current economic climate — high inflation, high worker turnover, cost-of-living crisis, etc.

Salary 249
article thumbnail

High Job Growth Transforming Sunbelt Cities Into America’s New Economic Hubs

Allwork

The trend is being driven by a combination of remote work flexibility, lower cost of living, and a surge in job creation. The U.S. The salary advantage for jobs in New York City is also reported to have decreased from a 19% premium over the national median three years ago to 14% last year. A CBRE study reveals that one-third of U.S.

Salary 251
article thumbnail

Are Cost Of Living Surges A Reason For Or A Barrier To Relocation For Workers?

Allwork

The rising cost of living, particularly in essential goods such as food, housing, and transportation, is disproportionately affecting low-to-middle income Americans, according to recent data published by J.P. A notable 59% of low-income consumers reported not receiving a salary increase, in contrast to 34% of high-income consumers.