Worker compensation rising at fastest pace since 2008, ECI finds
The tightest labor market in decades and growing shortages of workers is pressuring companies to offer higher pay.
The numbers: The cost of employing the average American worker is rising at the fastest pace in a decade, offering more proof firms have to fork over better pay and benefits to attract talent in a period of extremely low unemployment.
The employment cost index rose 0.8% in the first quarter, a tick above the MarketWatch estimate.
The cost of worker compensation in the form of pay and benefits climbed to yearly rate of 2.7%, the biggest gain since 2008.
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“When you're good at something, you'll tell everyone. When you're great at something, they'll tell you.”
When I first read the title I thought worker's compensation insurance claims were increasing. I then realized no s on worker.
Mini Mart Magnate
I am just here for my amusement.
Perhaps related to higher% of Atty representation!
www.seaspy.theplan.com
That's the main reason FL's pay scale is so low.
You can’t apply from inside the us unless you already have legal status to be here.
THIS
I thought we had too many immigrants?
Mini Mart Magnate
I am just here for my amusement.
"Today is MINE"
“When you're good at something, you'll tell everyone. When you're great at something, they'll tell you.”