Job Changers See 4.7% Pay Increase, Stayers at 3% in August
Published on · Source: finance.yahoo.com
AI Summary
Summarized by AI from the source belowIn August, base pay for job changers in the private sector rose 4.7%, compared to a 3% increase for job stayers, according to ADP. Gross pay for job changers increased by 7.3% year over year, while job stayers saw a 4.4% rise. The median pay increase for job switchers reached 5% last month, up from 4.4% in July. These trends indicate that switching jobs may offer significant pay benefits, particularly as nearly 70% of HR professionals face challenges in filling positions, impacting overall wage dynamics.
Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.
About Automatic Data Processing (ADP)
Automatic Data Processing is a leading provider of payroll and human-capital-management services.
The Industrials sector covers manufacturers, aerospace, defense and transport companies tied to economic activity.
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