Wednesday, March 24, 2021

Global Pandemic Related Trends in Job Compensation and Job Satisfaction

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.

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