Why Employees Are Demanding Better Compensation

By Dennis McCafferty
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    Why Employees Are Demanding Better Compensation

    Why Employees Are Demanding Better Compensation

    The expanding job market is empowering a growing number of employees to negotiate for a higher salary and better work-life balance, and some will seek a new job.

A majority of employees said that the expanding job market is empowering them to negotiate a higher salary, according to a recent survey from Spherion. The "Emerging Workforce Study" (EWS) indicates that many workers feel that their employers are putting less effort into retaining them than in the past. They're also not happy about the state of their work-life balance. So it should come as no surprise that a significant number of workers will be looking for a new job over the next year. The research also includes perspectives from HR managers, who admit that they struggle with turnover, as well as increasing salary demands. "The growing demands across the workforce for improved wages highlight [the fact] that employees are no longer willing to settle for just any career opportunity," said Spherion Division President Sandy Mazur. "Not only are the job market and the economy trending upward, but we are witnessing a major change in mentality with critical implications on employer-employee relationships. While salary has significantly influenced employee decisions [in the past], we've never before seen workers this motivated to improve their situation." In addition, the findings shed insights into sentiments about workplace diversity, and we've included some of that information here. More than 415 U.S. HR managers and 2,810 employees took part in the research.

This article was originally published on 2016-07-07
Dennis McCafferty is a freelance writer for Baseline Magazine.
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