During the heyday of the "great resignation," workers could expect to see a 20% pay bump from changing jobs. Now, as the job market cools and companies become more cautious with hiring, the big signing bonuses and high salaries new hires once enjoyed are dwindling. Nearly half of the 2,000 employers surveyed by ZipRecruiter in July said they had reduced pay for recent job openings. As businesses cut new hires' salaries, however, jobseekers' wage expectations have hit record highs, according to a Federal Reserve Bank of New York survey released Monday. I've just accepted that I might have less negotiating power than I did two years ago."

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Persons: they'd, Matt Dalrymple, he's, Dalrymple, Everyone's, I've Organizations: ZipRecruiter, Federal Reserve Bank of New, CNBC Locations: Federal Reserve Bank of New York, New Jersey, New York