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Employers

More Companies Than Expected Have Increased 2022 Salaries

PRNewswire (06/09/22) Seven in 10 (70%) organizations implemented larger salary increases this year compared with 2021, with 21% reporting “significantly higher” levels, according to a survey by executive compensation consultancy Pearl Meyer. When polled in November 2021, companies planning to make larger increases expected an average increase of 4.2%. Actual implemented increases were even higher than anticipated at 4.8%. Of the companies reporting higher salaries

June 14, 2022

Employers

North Carolina Led the Other States in Hourly Wage Growth

Average Hourly Earnings Reach $30.21 for Workers at Small Businesses: Paychex Staffing Industry Analysts (06/01/22) Wages rose for the 12th consecutive month for small-business workers in the US, according to the Small Business Employment Watch report released by Paychex. Average hourly earnings rose 5.19% to $30.31 year over year. Meanwhile, following a nearly eight-year high in April, small-business job growth was down in May, according

June 1, 2022

Employers

Labor Costs Surge in First Quarter, Fueling Inflation

Staffing Industry Analysts (05/09/22) The US staffing industry is projected to reach a record $185.5 billion in revenue this year, according to the new “US Staffing Industry Forecast” report released by Staffing Industry Analysts. That will eclipse the pre-pandemic market size of $152.8 billion in 2019. “Growth in the US staffing industry is currently being driven by a strong US economy, strong consumer and corporate

May 9, 2022

Employers

Labor Costs Surge in First Quarter, Fueling Inflation

Reuters (04/29/22) Mutikani, Lucia U.S. labor costs surged by the most in 21 years in the first quarter, according to the U.S. Department of Labor. The employment cost index jumped 1.4% last quarter after advancing 1.0% in the October-December period. Economists polled by Reuters had forecast the index climbing 1.1% in the first quarter. Last quarter’s increase was the largest since the current series started

April 29, 2022

Employers

Manufacturing Activity Improved in April

Federal Reserve Bank of Richmond (04/26/22) Mid-Atlantic manufacturing activity continued its expansion in April, according to the Federal Reserve Bank of Richmond. The composite manufacturing index stood at 14 in April compared with 13 in March. Shipments increased to 17 from nine, while the volume of new orders moved down slightly to six from 10. Manufacturers continued to report growth in employment while experiencing challenges

April 26, 2022

Tag: wages

More Companies Than Expected Have Increased 2022 Salaries

North Carolina Led the Other States in Hourly Wage Growth

Labor Costs Surge in First Quarter, Fueling Inflation

Labor Costs Surge in First Quarter, Fueling Inflation

Manufacturing Activity Improved in April

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