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Wage Increase Demands Up Nearly 20% in Two Years; Benefit Offerings Lag Behind

Retrieved on: 
Wednesday, September 28, 2022
Employment, Parental leave, COVID-19, The Harris Poll, Corporate communication, Center, Paternity, Population, Growth, Pressure, Review, Federal Reserve Bank of New York, Environment, Sulentic, Express, Fort Worth (film), Goal, Transport, Interview, Parent, Emotional intelligence, PR, Federal Reserve Bank, Health insurance, Ridesharing company, Renewable energy, Restaurant, Creative industries, Public relations, Video game, Reed

OKLAHOMA CITY, Sept. 28, 2022 /PRNewswire-PRWeb/ -- Expectations for wage increases have jumped roughly 20% since 2020 as 70% of companies plan to offer higher salary adjustments through the end of the year. Benefits, however, will gain less ground as only 50% of businesses anticipate their offerings to increase compared to 2021.

Key Points: 
  • Benefits, however, will gain less ground as only 50% of businesses anticipate their offerings to increase compared to 2021.
  • Yet a fifth of companies (20%) feel there will not be a change to their wages for the remainder of 2022.
  • When it comes to these benefits, half of U.S. hiring decision-makers (50%) expect these offerings at their company will increase for the remainder of 2022 compared to 2021.
  • Looking ahead five years, nearly half of hiring managers (48%) report their company plans to offer paid leave.

Companies Taking a "Wait and See" Approach to Workload Management Hires

Retrieved on: 
Wednesday, July 27, 2022
The Harris Poll, Absenteeism, Corporate communication, Interview, Reed, Workforce, Workload, Tardiness, Express, PR, Fort Worth (film), Growth, Population, Public relations, Airline, Video game, Management

OKLAHOMA CITY, July 27, 2022 /PRNewswire-PRWeb/ -- U.S. companies are struggling to get relief for overworked employees as 60% of businesses say they need more employees to manage their workload but do not have the capacity to hire.

Key Points: 
  • This sentiment is felt most among larger companies, as companies with more than 500 employees are more likely than those with less than 500 employees to cite the need for additional workload relief (71% vs. 48%).
  • Some are taking a "wait and see" approach, as around 2 in 5 U.S. hiring decision-makers (42%) report their company is waiting to see if the workload will level out before hiring additional employees.
  • "Businesses aren't confident in the future, and recession talk has employers waiting to see what will happen next.
  • In Virginia, Express franchise owner Chris Cary agrees that while businesses aren't panicking yet, there are signs of cautious hiring.