Job Hopping Doesn’t Pay As Well As It Used To, Per New Data

New federal data shows that the difference in increased pay between staying at a job versus changing roles for a higher salary has decreased to its lowest level in a decade, with a wage growth survey revealing only a slight difference in salary increases. The U.S. Labor Department reports that more Americans are opting to stay in their current jobs due to difficulty in finding comparable positions and the perception of employers having more bargaining power. Despite a competitive labor market and lower hiring rates, the finance sector remains unaffected, with some banks offering higher salaries to job switchers.

Full Article