Gen Zers are closing the pay gap with millennials even though they have far less experience. They're making the most of a tight labor market.
Hey, millennials! That fresh-faced high school or college graduate doing your job in the next cubicle may be earning almost as much as you. Possibly more.
“When you hire new people, you have to obey market conditions,” says Gad Levanon, vice president of labor markets for the Conference Board. “If you don’t… you won’t be able to hire them.” JOB HOPPINGThere are other reasons younger workers often see faster pay increases than older ones. They do more job hopping and are starting from a lower base, says Andrew Chamberlain, chief economist of Glassdoor.
Story continuesHow big a nest egg?: Pete the Planner: Could a retiree outlive his savings even with a part-time job? Possibly.“Studies show pay compression leads to low morale and high turnover” as many older workers bolt for other jobs, he says. In July, 3.7 million workers quit jobs, typically to take other ones, the highest on Labor records dating to 2000. The total has since dipped but remains near a 19-year high.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
The Different Ways Gen Z, Millennials and Boomers Shop for the HolidaysThey might surprise you.
Baca lebih lajut »
Opinion | Why the ‘OK, boomer’ putdown actually hurts Gen Z more than anyone elseGenerational difference is a final frontier where stereotypes and prejudice are allowed, which means we attack rather than learn from each other.
Baca lebih lajut »
Despite smaller footprint, military objective remains the same in Syria: Gen. MilleyGen. Mark Milley, chairman of the Joint Chiefs of Staff, said that although the military's footprint will remain small, it's important to keep watch over the Islamic State in Syria to meet the objective of permanently defeating ISIS. Asked about current troop levels in Syria after President
Baca lebih lajut »
A surprising number of millennials are saving for retirement, and they're making Gen X look badDespite being much closer to retirement age than millennials, Gen Xers don't have much to show for it, an Insider and Morning Consult survey found.
Baca lebih lajut »
A surprising number of millennials are saving for retirement, and they're making Gen X look badDespite being much closer to retirement age than millennials, Gen Xers don't have much to show for it, an Insider and Morning Consult survey found.
Baca lebih lajut »