Employers withless than 50 workers are starting to get “squeezed out of the jobmarket” by larger employers that can offer higher wages, betterbenefits and more opportunity for career development. (Photo:Shutterstock)
The pace of wage growth accelerated in the first quarter forboth new hires, or “job switchers” and existing employees, or “jobholders,” according to the ADP Research Institute's WorkforceVitality Report.
Overall, the average wage for U.S. workers rose 3.8 percent inMarch from a year ago, to $28.40 an hour, according to the report.In order to attract job switchers, employers raised wages by 5.6percent on average, to $29.66 an hour – but the boat was alsolifted 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.
