One of many lasting impacts of the COVID-19 pandemic could also be our relationship to our work. Are you content along 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 residence?
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, based mostly on economists’ expectations.
The U.S. jobless price 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 price 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, displaying that pandemic-era employers are eager to draw employees.
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 finest paid.
They make a median wage of $208,000 a yr with 3% progress over the following decade, equal to roughly 24,800 jobs. That wage is equal to roughly 3 occasions 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 stage jobs have been excluded from its annual report.
Physicians made a median annual wage of $193,415, in response to Glassdoor’s 2019 report, which controls for variables reminiscent of metropolis and the extent of seniority, and takes into consideration job-title normalization that teams related job titles.
Different non-medical jobs on the BLS record embody airline pilots ($160,970), pc and data techniques managers ($151,150), architectural and engineering managers ($149,530) and advertising managers ($142,170).
However what for those who don’t work as a doctor, pilot or advertising supervisor? Profession web sites that use nameless wage stories from across the nation are useful to find out for those who’re being paid on the market price, or not.
Don’t guess in your colleague to spill the means. In a survey performed by researchers at Harvard Enterprise Faculty and UCLA, round half of respondents mentioned 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 favor to maintain their wage data non-public,” the paper mentioned. In the event that they ask, they, too, will seemingly need to reply the identical query.
On Wednesday, Glassdoor launched its “finest locations to work” for corporations with over 1,000 staff. No. 1 was Nvidia NVDA, +0.65%, based mostly 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, -0.57%, Boston Consulting Group and Google dad or mum Alphabet GOOG, +1.16%. See the complete record right here.
Staff have been requested to price their CEO and key office attributes reminiscent of profession alternatives, compensation and advantages, tradition and values, range and inclusion, senior administration, and work-life steadiness.
“Staff are additionally requested whether or not they would advocate their employer to a buddy and whether or not they imagine their employer’s six-month enterprise outlook is constructive, destructive or in the event that they haven’t any opinion,” Glassdoor mentioned.
Learn subsequent: The ‘finest job in America’ pays as much as $125,000 a yr — and has 10,000 job openings
U.S. inflation reached an almost 40-year excessive in December.
Quentin Fottrell is MarketWatch’s Managing Editor-Private Finance and The Moneyist columnist. You may observe him on Twitter @quantanamo.