Help Wanted sign Employers with less than 50 workers are starting to get “squeezed out of the job market” by larger employers that can offer higher wages, better benefits and more opportunity for career development. (Photo: Shutterstock)

The pace of wage growth accelerated in the first quarter for both new hires, or “job switchers” and existing employees, or “job holders,” according to the ADP Research Institute’s Workforce Vitality Report.

Overall, the average wage for U.S. workers rose 3.8 percent in March from a year ago, to $28.40 an hour, according to the report. In order to attract job switchers, employers raised wages by 5.6 percent on average, to $29.66 an hour – but the boat was also lifted for job holders, who saw average wage growth of 4.8 percent, to $30.82 an hour.

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Katie Kuehner-Hebert

Katie Kuehner-Hebert is a freelance writer based in Running Springs, Calif. She has more than three decades of journalism experience, with particular expertise in employee benefits and other human resource topics.

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