Global Pandemic Related Trends in Job Compensation and Job Satisfaction

©iStock/AndreyPopov

Employee compensation across the globe has been disrupted due to the global pandemic, with many employees reporting that salary has yet to return to pre-pandemic levels. 

Elements Global Services surveyed 2,200 people from the US, Canada and the UK to explore pandemic-related trends in job compensation, feelings on executive pay and what percent pay raise would compel employees to leave their current job.  Here are their Top 3 findings. 

1. 65% of Americans surveyed say their income either stayed the same or fell in 2020.
2. Top four reasons income decreased in 2020: a. Took a pay cut.  b. Lost my job.  c. My income is variable.  d. New job with lower pay. 
3. 55% of Americans who had their income cut due to the pandemic say it has not yet returned.

There's more.  Take a look at the full report here.

from The Global Small Business Blog https://ift.tt/2PpyEXC