W2 Issues/Concerns


Check out our weekly blog posts and see the latest news and discussions happening in the HR world of business.

Study suggests more workers willing to ask for pay increase

Results of a recent study suggest that employers no longer have the upper hand when it comes to discussions about compensation, with workers indicating that they feel that the booming job market is now giving them the leverage they need to ask for a bigger pay day.

Specifically, the 2016 Emerging Workforce Study found that 51 percent of those surveyed felt that the expanding job market gives them more power to negotiate a higher salary. And if those talks don’t procure the pay packet the worker was hoping for? Well, a whopping 26 percent of workers indicated that they are at least somewhat likely to look for a new job in the next 12 months, up from 18 percent last year.

The study notes that, for the most part, employers seem to recognize the importance of raising wages to retain top employees, with 74 percent stating that their companies have increased wages to remain competitive. However, 62 percent of employers who recognize the need to pay higher wages say they can’t afford to do so. In these cases, employers lean more heavily on the belief that workers value different workplace perks, such as supportive supervisors, as being important to retaining employees, which unfortunately runs counter to employees, who list financial compensation, benefits, and growth and earnings potential as the top factors influencing their potential retention.

“The growing demands across the workforce for improved wages highlight that employees are no longer willing to settle for just any career opportunity,” noted Spherion division president Sandy Mazur, adding that “not only are the job market and economy trending upward, but we are witnessing a major change in mentality with critical implications on employer-employee relationships.”



Post a Comment

Your email address will not be published. Required fields are marked *

HR Managers: Discover how to effectively tackle business challenges with a PEO
Small Business: Discover how Abel HR can help your business.

Featured BLOGS

  • Your Employees are the People in the Neighborhood

    Giving back to the community is an important aspect of being a business owner. In addition to encouraging your employees to support local causes, you can also give back in a significant way by supporting your employees who volunteer in the area, such as volunteer firefighters, first aid squad members and others. Did you know that having these employees as part of your business can actually boost your bottom line (and contribute to a more pleasant work environment)? Supporting employees who choose to volunteer can also make you a more attractive employer, opening your business up to a better caliber

  • How is the Cannabis Landscape Affecting HR?

    Thirty-three states and the District of Columbia have taken steps to decriminalize the use of marijuana. While 10 states—Alaska, California, Colorado, Maine, Massachusetts, Michigan, Nevada, Oregon, Vermont and Washington—and our nation’s capital have adopted laws legalizing recreational cannabis use, the other states have only loosened the laws to allow for the use of medicinal marijuana (see where your state stands on this interactive map). It should be noted, however, that marijuana use—even for medical purposes—remains illegal at the federal level (and federal laws trump state laws…more on that in a minute). While the data is a bit murky in terms


FSA | Commuter New Employee Abel Portal Time Clock