Many may have just changed jobs. But who is hiring? And who is paying more?
Texas, USA — So many Texans have “got a job” that they deserve to be celebrated. I have data from Bureau of Labor Statistics Texas led the nation in new jobs in the first four months of the year, with 2,428,000 of them.
And since many Texans have “quit their jobs,” perhaps further blessings will be called for. In her first third of the year, Texas had the highest number of quitters in the nation, of which her 1,576,000 quit. Maybe many people are quitting their current jobs for higher-paying jobs.
who is hiring? And who is paying?
As for raises, your employer may give you some raises. But it often happens that your new employer might be willing to pay you more.Federal Reserve Bank of Atlanta Track who earns more– Switcher or stayer.
Change-changers (orange line in the chart) typically perform better than change-changers (green line in the chart). But if you look at the difference between the two historically, you’ll see that from the end of last year to this year, there’s been an even greater difference in the amount of salary an employee will earn if they move rather than stay.
But it’s interesting for new recruits and those still looking.Bureau of Labor Statistics the data show (Generally) in Texas, the bigger the company, the bigger the average weekly wage.
But before you start applying to big companies, consider the following: Last month’s blockbuster US Private Employment Report showed that 497,000 jobs were added. but, a breakdown of those jobs We know that small businesses are growing. The largest employers were not.
Which is more important, flexibility or salary?
Which comes first, salary or job flexibility? Your answer may change depending on which generation you’re in. Recent research According to a survey by Robert Half Talent Solutions, millennials, Gen Xers and baby boomers all cite competitive compensation and regular performance improvements as job considerations.
Gen Z ranked third behind positive cultures and team-oriented workplaces. And their number one priority was flexibility regarding when and where to work.
Sure, money isn’t everything. However, some young workers may want to do so. Check the chart here, which tracks two theoretical employees. One employee negotiated a moderately high salary at first, then negotiated a more modest increase every few years than other employees.
By the time they reached retirement age, the salary-focused had about $50,000 more a year. And over the course of his career, the salary-focused employee made him $1.06 million more than the non-negotiating hypothetical employee.
https://www.wfaa.com/article/money/business/right-on-the-money/texas-leads-in-new-hires-quitters-2023/287-f5f1071f-d721-4070-b09d-7222653e39a6 Texas tops again in new jobs and retirements