Magazine article HRMagazine

The Weakest Link: U.S. Pay Growth Lags

Magazine article HRMagazine

The Weakest Link: U.S. Pay Growth Lags

Article excerpt

Eight years after the beginning of the Great Recession, the United States has suffered the weakest salary recovery among developed nations.

Adjusted for inflation, salaries in the U.S. have actually decreased 3.1 percent on average since September 2008. In contrast, Canada's salary recovery has been the best among developed nations, with 7.2 percent growth on average, according to research from the Hay Group division of consultancy Korn Ferry.

Other developed nations have experienced flat to modest inflation-adjusted salary growth since 2008, while emerging markets saw both the best (China, Indonesia and Mexico) and the worst (Turkey, Argentina, Russia and Brazil) salary growth worldwide.

Uneven Wage Gains

In terms of salary growth in the U.S., the findings revealed that:

* Employees with lower-paying and entry-level positions-such as clerical assistant, network analyst, payroll coordinator or production-line supervisor-have experienced a 14. …

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