According to new research, many workers still feel underpaid despite efforts by employers to increase wages:
- Nearly half of workers (49%) believe they’re being paid less than they deserve.
- Gen Z-ers (57%) and women (52%) are most likely to feel they’re making less than they are worth.
- About a third (31%) of workers say they’ll consider quitting their job if they don’t get a pay increase by the end of this year. Working parents (36%) and young workers ag 18 to 24 (48%) are most likely to say they’ll walk if they don’t get a raise.
- Starting wages/salaries are expected to increase 3.8% overall next year.
- 48% of employers are offering signing bonuses to entice new hires.
- Over half (6 in 10) of managers say they look locally first for skilled candidates, while 18% report they look outside of their area from the start.