With job hopping consistently ranked among the best ways to grow your income, and with recent Bureau of Labor Statistics reports showing employment rose at record rates over the last year it’s no wonder people are looking for new opportunities. According to their statistics, wages and salaries increased 4.7% over the previous 12-month period.
As workers have to fight harder to obtain new workers, some industries are growing their wages at rapid rates – including the amount paid to new employees or employees with less experience. With the wages of workers who switched jobs raising a staggering 8% according to ADP reports, these are the industries most noticeably increasing their salaries for new hires:
Construction: 4.7%
Manufacturing: 6.8%
Professional Services: 7.5%
IT: 6%
Hospitality: 4.5%
From this list, it’s easy to see that rising wages are increasing regardless of occupation – with boosts across the board for both high and low-income earners. Take a look at your job options today, because you might be missing out on thousands in wages!
