BountyJobs Bites
New State Minimum Wages Launch with the New Year
The Numbers:
- 21 states will implement new minimum wages, with 4 more and D.C. coming later in the year
- $15.00 will be the highest minimum wage in 2020, and will be in Washington, D.C. starting July 1, 2020
- Source: Paycor
Most U.S. Workers Experiencing Flat Salaries
The Numbers:
- 50% of U.S. workers haven’t seen an increase in salary, whether from a raise or job change in the past year
- 38% of those that have had a raise said it was based on performance
- 31% of those that were given a raise were promoted or received additional responsibilities
- Source: Bankrate
Recession and Talent Shortage Top Business Concerns
The Numbers:
- The biggest external concern of CEOs remained the risk of a recession
- Attracting and retaining talent was the top internal concern
- Source: The Conference Board
BountyJobs Reports – Year in Review: Talent Acquisition in 2019 and the 2020 Impact
The Numbers:
- A whopping 43% of professionals plan to look for a new job over the next 12 months
- The majority of employers, 61%, planned to raise wages in 2019, which was up from 48% in 2018. What’s in store for 2020?
- Manufacturing saw consecutive increases in employment for over 18 straight months, the longest stretch since the mid-1990s. However, around 90% of manufacturing
companies couldn’t fill all of their open roles.
