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The U.S. skilled labor market is facing "record-high pressure," according to new research from McKinsey & Co., as more workers age out and fewer young people train to fill their jobs as construction workers, plumbers, welders and more. The most in-demand jobs companies are hiring for right now — that don't require a degree — are in construction, manufacturing and plumbing, according to data from Payscale and ZipRecruiter exclusively shared with CNBC Make It:1. Journeyman plumberMedian salary: $61,500It's important to note that there are different levels of certification for some trade jobs including plumbers and electricians. All of these jobs saw at least a 16% increase in openings on ZipRecruiter between October 2023 and March 2024. The median pay for fleet managers without degrees is $64,600 while journeyman electricians make $62,600 on average, according to Payscale.
Persons: ZipRecruiter, Ruth Thomas, Thomas Organizations: McKinsey & Co, Labor, CNBC Locations: U.S, Payscale
Now it's: How much of a raise can I expect in 2024 if I stay in my current job? Sure — but it may wind up being the biggest boost in purchasing power that workers have gotten in years. If you think you deserve a raise that's higher than the 4% average, pay experts have a few tips. These days, as the hiring frenzy subsides, you're not as likely to get a bigger raise simply by switching companies. Which means that 2024 may be your last, best hope for landing an above-average raise — perhaps for years to come.
Persons: , That's, it's, David Turetsky, What's, they're, Ruth Thomas, don't, Aaron Terrazas, Aki Ito Organizations: Congressional, Salary.com, Employees Locations: California, Washington, Payscale
Now it's: How much of a raise can I expect in 2024 if I stay in my current job? Sure — but it may wind up being the biggest boost in purchasing power that workers have gotten in years. If you think you deserve a raise that's higher than the 4% average, pay experts have a few tips. These days, as the hiring frenzy subsides, you're not as likely to get a bigger raise simply by switching companies. Which means that 2024 may be your last, best hope for landing an above-average raise — perhaps for years to come.
Persons: , That's, it's, David Turetsky, What's, they're, Ruth Thomas, don't, Aaron Terrazas, Aki Ito Organizations: Congressional, Salary.com, Employees Locations: California, Washington, Payscale
In almost half of opposite-sex marriages in the U.S., women are now earning the same as their husbands — or out-earning them, by an average of $53,000. Spouses are earning the same income in nearly one-third, or 29%, of opposite-sex marriages, a significant jump from just 11% in 1972. In egalitarian marriages, men and women's earnings are almost identical: In 2022, the median earnings for wives in such marriages was $60,000, while husbands earned $62,000. About 16% of opposite-sex marriages in the U.S. have a breadwinner wife, up from 5% five decades earlier, Pew reports. Women continue to bear the brunt of household responsibilities, even as financial contributions have become more equal in opposite-sex marriages.
The four-day workweek is gaining momentum, and people say they're willing to quit to have it. A majority, 61%, of workers say they'd rather have a four-day workweek than the traditional five, and 33% say they'd quit their job to for one with a shortened week, according to a Monster survey of 868 workers conducted in March. Half of those surveyed say they'd be more productive with a shortened workweek, and 10% would even take a pay cut for the benefit. More companies may experiment with a shortened workweek, especially if they can't award raises or promotions in a challenging economic environment. The share of companies offering a 4-day workweek benefit reached the 10% threshold for the first time last year, according to a recent Payscale report.
That's what happened to Kimberly Nguyen in March: The NYC worker went viral on Twitter when she saw an opening for her job title was being advertised with a pay range up to $90,000 higher than her own salary. A slim minority, 45%, of companies currently include pay ranges in job postings, according to a 2023 Payscale report. If you find your own job title online listed at a higher salary, here are some things you can do. There are some good reasons why similar job titles could have different pay ranges, says Ruth Thomas, a pay equity strategist at Payscale. You could use public salary ranges to ask for a raise.
'Quiet' is the workplace word of 2023
  + stars: | 2023-02-25 | by ( Madison Hoff | ) www.businessinsider.com   time to read: +9 min
Bare Minimum Monday, another workplace buzzword of 2023, also relates to quiet quitting. Experts think those "quiet" trends and more are set to continue throughout 2023 and beyond. "Quiet hiring" is one of the "biggest workplace buzzwords" of 2023 per Insider's reporting. Emily Rose McRae of Gartner's HR Practice said per reporting from GMA that quiet hiring is a workplace trend in 2023 in part because of a shortage in talent. Other buzzwords of the year from Insider's reporting relate to quiet quitting even if they don't use the word quiet.
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