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☆ Schools are facing a dire teacher shortage. Less competitive pay for Gen Z and young millennials could make it worse.
▼ + stars: | 2024-03-14 | by ( Madison Hoff | ) www.businessinsider.com time to read: +7 min

A new ADP Research Institute report showed how teacher pay compares to the pay of all employees. Teacher pay as a share of the pay for all employees aged 20 to 25 has greatly fallen over the years. AdvertisementThere's a shortage of teachers, and young adults could be shying away from the profession as teacher pay becomes less competitive. And for teachers aged 25 to 30, that has increased from $49,427 in January 2018 to $59,780 in October 2023. Education isn't the only field that may have trouble attracting young job seekers.

Persons: ADP's Nela Richardson, —, Nela Richardson, Jeff Nezaj, Gen Zers, Richardson, Nezaj, Gen, It's, Aaron Terrazas, we've Organizations: ADP Research, Service, Business, Bureau of Labor Statistics, ADP Research Institute, Census, Denver, Denver Classroom

☆ High earners, young people and women are working fewer hours after the pandemic, says new research—here's why
▼ + stars: | 2024-03-01 | by ( Morgan Smith | ) www.cnbc.com time to read: +4 min

But the people driving the post-pandemic decline in hours worked fall into four categories: women, young adults, highly paid workers and employees at small businesses. Richardson points out that high earners can maintain their annual income while working fewer hours, thanks to big post-pandemic pay increases. Women are working more part-time jobs than menA record number of Americans — 22 million — are working part-time, Labor Department figures show. In 2019, women worked 4.4 hours less per week than men, who worked 40 hours. The industries that saw bigger declines in hours worked — health care, leisure and hospitality — are dominated by women.

Persons: Nela Richardson, Richardson, they're, Gen Zers, there's, Zers Organizations: ADP Research, U.S, ADP, Workers, Labor Department, National Women's Law, Deloitte Locations: U.S

BANGKOK (AP) — Asian shares were mixed on Thursday after Wall Street fell to its worst loss since September as the Federal Reserve indicated cuts to interest rates are not imminent. On Wednesday, Big Tech stocks burned by the downside of high expectations triggered a sharp slide. The slide for Big Tech stocks dragged the Nasdaq composite to a market-leading loss of 2.2%. The Dow Jones Industrial Average, which has less of an emphasis on tech, fell a more modest 0.8%, to 38,150.30. Three more Big Tech stocks will report results on Thursday: Amazon, Apple and Meta Platforms, the parent company of Facebook and Instagram.

Persons: Dan Ives, ” Tesla, Elon Musk, “ We’re, ”, Jerome Powell, “ It’s, Powell Organizations: Federal Reserve, Nikkei, Big Tech, Nasdaq, Dow Jones, Microsoft, Wedbush Securities, ”, Apple, Facebook, Fed, Wednesday, Treasury, ADP Research, U.S, New York Mercantile Exchange, Brent Locations: BANGKOK, U.S, Shanghai, Seoul, Australia, India, Louvre, Delaware

☆ The best time to quit and land a higher-paying job could be right after you get promoted
▼ + stars: | 2023-09-27 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +3 min

In fact, an ADP analysis found that US workers were more likely to leave after getting promoted. AdvertisementAdvertisementIf they hadn't been promoted, the researchers estimated that only 18% of these workers would have left. It wasn't until six months after a promotion that the promoted and non-promoted had roughly the same odds of leaving their companies. While the 29% figure might not be quite so high today, the question remains: Why were recently promoted workers more likely to leave? It's possible some workers were already planning to switch jobs, and getting promoted didn't change their minds.

Persons: —, Nela Richardson, Richardson Organizations: Service, ADP Research

☆ Middle managers are caught in a lose-lose between layoffs, burnout, and RTO policies. One millennial explains how he's handling the worst year ever.
▼ + stars: | 2023-09-24 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +6 min

Layoffs, busywork, and fights over remote work have stressed out many managers. More managers than non-managers are looking for new job opportunities, a Gallup survey found. Managers like Kyle are burning out and looking for jobs more aggressively, a recent Gallup survey found. Kyle said the staffing industry began seeing high-level layoffs last year and his company cracked down on remote work. However, now that he's had to crack down on company policies, like return-to-office, Kyle fears more employees will leave.

Persons: Kyle, He's, We've, we've, I'm, you've, Heather Barrett, I've, Gallup, Barrett, he's Organizations: Gallup, Service, ADP Research Locations: Wall, Silicon

☆ Under-the-radar burnout is crushing America's managers
▼ + stars: | 2023-09-09 | by ( Noah Sheidlower | Madison Hoff | ) www.businessinsider.com time to read: +6 min

A higher share of managers are looking for new roles than non-managers, Gallup found. This comes at a time when, overall, managers are experiencing higher levels of burnout and disengagement than their staff, the Gallup post said. "For many managers, they are being asked to communicate and enforce requirements that they personally may not prefer." AdvertisementAdvertisementAdditionally, compared to their staff, managers are more likely to be looking for a job, Gallup found. Managers are also more likely to feel like their organization cares little about their wellbeing, Gallup found.

Persons: Gallup, Gallup's Heather Barrett, Nela Richardson, Richardson, Heather Barrett, Barrett, — Organizations: Service, Gallup, Fortune, Companies, ADP, ADP Research Institute, ADP Research Locations: Wall, Silicon

☆ If you'd rather quit your job than return to the office, there are still plenty of remote opportunities out there
▼ + stars: | 2023-06-29 | by ( Madison Hoff | ) www.businessinsider.com time to read: +6 min

Is it still safe to quit your job simply because you don't want to return to the office? The job market is still strong and offers a higher share of remote job postings than pre-pandemicData from the Bureau of Labor Statistics, or BLS, shows the labor market is still robust. Cory Stahle, an Indeed economist, noted at a press event last week that "remote work is something that is here to stay." Even Indeed renamed its Remote Job Tracker given the demand for hybrid employees, noting as hybrid "work arrangements emerge as a primary modality of flexible work — which itself is a topic of growing interest to job seekers, employers and policymakers alike — we are updating and renaming the Remote Tracker to the Remote & Hybrid Job Tracker." Did you quit your job after being told to return to the office?

Persons: there's, —, Insider's Juliana Kaplan, She's, Bonnie Chiurazzi, Chiurazzi, Lab's Daniel Culbertson, Culbertson, Cory Stahle, Stahle, Dawn Fay, Robert Half, Fay Organizations: Service, ADP Research Institute, Bureau of Labor Statistics, Labor, Survey Locations: North America

☆ Over half the Gen Z workers in an Irish survey said remote and hybrid work has benefitted their careers, more than double compared to Gen Xers
▼ + stars: | 2023-05-16 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +3 min

Around 55% of Gen Z workers in Ireland felt remote and hybrid work was beneficial to their careers. That's according to a new survey polling how Irish workers feel about remote work since the pandemic. Meanwhile only 23% of 45-54 year old workers surveyed felt that remote and hybrid work has benefitted their careers. Some 57% of all workers felt remote work in Ireland opened them up to better job opportunities. Gen Z workers tend to have higher demands about workplace benefits than their older counterparts and flexible work is high on the list.

☆ Gen Z still can't make up its mind about working in the office
▼ + stars: | 2023-01-30 | by ( Amanda Goh | ) www.businessinsider.com time to read: +3 min

Gen Z is divided on the question of remote work, according to a new Dell Technologies study. In a survey, 29% of respondents said remote work is important, but another 29% said they favor office-based roles. As Insider's Aki Ito wrote in June, the preference for remote work is largely split by generation, with the oldest workers expressing the strongest preference for permanent remote work and the youngest workers — Gen Z — expressing the least preference. Many companies have been changing their remote work policies as the world continues to adjust after the pandemic. Meanwhile, JPMorgan's CEO Jamie Dimon is famously against remote work, and the company has been tracking staff office attendance using employee ID swipes.

☆ A career coach who managed a team of 100 breaks down what women should do monthly, quarterly, and annually to position themselves for a raise
▼ + stars: | 2023-01-06 | by ( Sheryl Nance-Nash | Read More | Read Less | ) www.businessinsider.com time to read: +6 min

They should also check their accomplishments monthly, quarterly, and annually to better position themselves. This article is part of Women of Means, a series about women taking charge of their finances. A January survey from Glassdoor found that employed women were 19% less likely to ask for more money in the next year than men. Only 48% of employed women surveyed, compared with 59% of employed men, plan to ask for a pay raise, bonus or cost-of-living increase in the next 12 months. During the pandemic, 73% of employed women polled haven't asked for a pay raise, compared with 58% of employed men.

☆ Didn't get a big raise this year? It could come in early 2023
▼ + stars: | 2022-12-15 | by ( Jennifer Liu | ) www.cnbc.com time to read: +4 min

For workers, that means wage growth will remain strong in the first half of the year but could slow by the middle of 2023. Here's a look at where wages grew throughout the year and where they could be headed in 2023. Wage growth in 2023 will still be higher than pre-pandemic norms of around 3%, says Nela Richardson, chief economist at the payroll processor ADP. Wage growth resulting from shortages and competition does the opposite." Wage growth could stall by the end of 2023

☆ 'Wages have been rising': The 10 U.S. cities where the typical worker’s pay has gone up most since 2019
▼ + stars: | 2022-10-10 | by ( Gili Malinsky | ) www.cnbc.com time to read: 1 min

"For decades, wages have been rising," says Issi Romem, a fellow at the ADP Research Institute. And as of the last few years, amid the pandemic, "they've been rising more." Wage Growth found salaried workers at every end of the spectrum ― high, median and low ― saw a rise. When it comes to median-income earners, for example, average monthly earnings in the U.S. went from $6,325 in 2019 to $6,753 in 2021, a 6.77% rise. Here are the 10 metro areas with the greatest gains for median-income earners, including their percent gain and average monthly salaries in 2019 and 2021.

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