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. . By 2021, chief executives at companies with the lowest-paid staff made an average of $10.6 Things may get worse before they get better.

Salary 250
article thumbnail

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

Allwork

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.

Salary 100
Insiders

Sign Up for our Newsletter

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

article thumbnail

2 in 5 Employees Say A Raise Is The Answer To Preventing Burnout

Allwork

With high levels of worker burnout caused by discontent in the workplace, employers might be curious to see whether or not salary has an effect on burnout rates. . According to a Morning Consult survey of 1,300 people who quit their jobs in the last year, 63% stated that money was their main concern. .

Salary 306
article thumbnail

HP Study Exposes Soaring Job Dissatisfaction Globally, Employees Opt for Well-being Over Pay

Allwork

Over half of the respondents reported struggles with mental health and self-esteem, while 62% felt their negative work relationship affected their physical health, according to Entrepreneur. The study also revealed that a staggering 83% of these workers would accept a lower salary if it meant greater job satisfaction.

article thumbnail

Should I Stay or Should I Go?

Success

If a silver lining can be found in the fallout of the pandemic, it’s that many of us (maybe finally) have started to prioritize our health and relationships over our jobs. Juicy salaries and 401(k) matches no longer cut it; according to a study by Clever Real Estate, participants in the “great resignation” took an average pay cut of $8,000.

2021 247
article thumbnail

The Four Horsemen of the Mandated Return to Office

Allwork

A Future Forum survey found that 21% of all White knowledge workers wanted a return to full-time in-office work, but only 3% of all Black knowledge workers wanted the same. A June 2022 McKinsey survey of all workers, remote-capable and not, provides further context on preferences for hybrid work. Resistance .

2022 342
article thumbnail

How to Evaluate the Efficacy of Your Hybrid Work Model

Allwork

Additionally, comprehensive employee and middle management surveys, as well as focus group interviews, should be conducted to assess subjective and qualitative measures. For example, 95% of HR leaders from a survey of 1,000 respondents believe offering hybrid work is important for recruitment, and 60% perceive it boosts retention.

Policies 246