Thursday, December 26, 2019

This is the job with the fastest-growing pay

This is the job with the fastest-growing payThis is the job with the fastest-growing payIf you want your salary to quickly climb, consider choosing a bank job. Bank tellers saw the highest jump in pay with an 8% growth in annual pay, according to Glassdoors August Local Pay reports, which analyzed data on 84 professions.Bank tellers, baristas seeing a boost in payThe other jobs that saw the most rapid growth in pay were maintenance worker (7.5%), bartender (6.5%), property manager (6.1%) and financial adviser (6%). The big boost in pay is another sign of a strong economy with unemployment rates dropping to historic lows and minimum wagesbeing increased across cities, Glassdoor suggests.Bank teller is one role that saw wage growth slow in 2017, which is a trend experienced by a number of traditionally lower-paying jobs such as barista, bartender, and cashier. Todays strong labor market and continued demand for workers has translated into improved wages for these workers and for a numb er of job titles across the income spectrum,Alison Sullivan, Glassdoor community expert, told Ladders.As for why financial advisors are seeing a boost in pay? Glassdoor suggests its due to a rising stock market, which in turn, leads to more Americans seeking out advice on how to spend their cash. In general, were all feeling the gains in pay.The annual pace of pay gains has risen steadily since March 2018, reaching last months 2.4 percent annual pace, Glassdoors Andrew Chamberlain said. Employees have more leverage now to demand more out of their careers.When employees feel more secure with their finances, it leads them to feel more secure with leaving their careers. A July Labor Department report found that employees are quitting their careers at the highest rate since 2001.

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