One of many lasting impacts of the COVID-19 pandemic could also be our relationship to our work. Are you content together with your job? Or are you one of many tens of millions of quitters? Does it pay sufficient to make that commute, or work lengthy hours from dwelling?
It’s a troublesome labor marketplace for employers. The U.S. added a paltry 199,000 new jobs in December and simply 249,000 in November at a time when the financial system ought to be creating twice that quantity, primarily based on economists’ expectations.
The U.S. jobless charge fell to three.9% from 4.2%, reaching a brand new pandemic low. The speed stood at 3.5% proper earlier than the pandemic. The labor-force participation charge hit a pandemic excessive of 61.9%.
Wages elevated by 4.7% in 2021. The final time wages rose that quickly was many a long time in the past. It was the one of many silver linings within the December jobs report, exhibiting that pandemic-era employers are eager to draw employees.
The best-paid job
Now for the $200,000 query: The Bureau of Labor Statistics lists physicians because the “highest paid occupations” within the nation, citing psychiatrists, obstetricians, gynecologists and surgeons among the many greatest paid.
They make a median wage of $208,000 a 12 months with 3% progress over the following decade, equal to roughly 24,800 jobs. That wage is equal to roughly 3 instances the annual median wage.
This tallies with Glassdoor’s most up-to-date “25 highest-paid jobs in America” report, which lists doctor within the No. 1 spot, making it one of many best-remunerated jobs within the nation. C-suite degree jobs have been excluded from its annual report.
Physicians made a median annual wage of $193,415, in keeping with Glassdoor’s 2019 report, which controls for variables similar to metropolis and the extent of seniority, and takes under consideration job-title normalization that teams comparable job titles.
However that comes with a hefty price ticket from medical faculty. The typical medical-school graduate owes roughly $241,600 in complete student-loan debt, in keeping with information from the Education Data Initiative.
“The typical medical faculty graduate owes six instances as a lot as the common faculty graduate,” it says. The quantity of debt has practically doubled, adjusted for inflation, over the past 20 years, the group stated.
Different jobs that pay nicely
Different non-medical jobs on the BLS record embrace airline pilots ($160,970), pc and data programs managers ($151,150), architectural and engineering managers ($149,530) and advertising and marketing managers ($142,170).
However what if you happen to don’t work as a doctor, pilot or advertising and marketing supervisor? Profession web sites that use nameless wage experiences from across the nation are useful to find out if you happen to’re being paid on the market charge, or not.
Don’t guess in your colleague to spill the means. In a survey carried out by researchers at Harvard Enterprise College and UCLA, round half of respondents stated that they might not inform their friends what they earned, even for a reward of $125.
“People are afraid to ask coworkers about their salaries, as a result of they perceive that almost all coworkers choose to maintain their wage info non-public,” the paper stated. In the event that they ask, they, too, will possible should reply the identical query.
The ‘greatest locations’ to work in America
On Wednesday, Glassdoor launched its “greatest locations to work” for corporations with over 1,000 staff. No. 1 was Nvidia NVDA, -5.09%, primarily based on how glad these surveyed have been of their jobs with the designer of graphics processing items and cell chips.
Additionally on Glassdoor’s record have been software program firm HubSpot, administration consultancy Bain & Co., real-estate brokerage eXp Realty, software program agency Field BOX, -2.42%, Boston Consulting Group and Google mum or dad Alphabet GOOG, -1.78%. See the complete record here.
Staff have been requested to charge their CEO and key office attributes similar to profession alternatives, compensation and advantages, tradition and values, diversity and inclusion, senior administration, and work-life stability.
“Workers are additionally requested whether or not they would suggest their employer to a good friend and whether or not they consider their employer’s six-month enterprise outlook is optimistic, adverse or in the event that they don’t have any opinion,” Glassdoor stated.