Author: wgraham

ADP News Release (01/26/22) Fourth quarter U.S. wage growth increased 4.4%, according to the ADP Research Institute Workforce Vitality Report. Wage growth for both job holders and job switchers hit all-time highs of 5.9% and 8.0% respectively. Wage growth for Generation Z (24 years old and younger) job holders saw the largest wage gains in December 2021 at 13.1%. Employment growth year-to-year increased 5.0%, with

Business conditions in the US remained strong, according to the Business Conditions Survey released today by the National Association for Business Economics. A majority of NABE member respondents to the survey, 65%, reported sales at their firms increased in the fourth quarter. However, labor shortages remained an issue. “The positive results and outlook come despite clearly visible shortages, particularly labor shortages,” said NABE Business Conditions

Business will be forced to pay more for labor this year — especially service workers — as the global supply chain remains strained, according to a report by analytics firm IHS Markit. Services workers are among the most in danger of contracting Covid and been among the most hesitant to return to work. Other factors are weighing on the global supply chain as well. Fixing

US employers are boosting their salary increase projections for this year, according to a survey taken of 1,004 US companies in October and November by WTW, the new brand for Willis Towers Watson. It found that nearly a third of US companies increased their salary projections from earlier in the year. Companies are now budgeting an overall average salary increase of 3.4% this year compared