An analysis of a large amount of workforce data authored by ADP Research Institute finds that wages are going up and directly contributing to a more vital U.S. economy. Those who job-hop are making the greatest gains in wages, far outstripping those who remain in the same job. And small-business employees are experiencing higher wage hikes than those who work for large corporations.
Those are among the takeaways from ADP's Vitality Index, which crunches data drawn from four major workforce components:
|- Employees who stay with the same firm (job holders);
- Employees who change jobs (job switchers);
- Employees newly hired by a firm (entrants);
- And those who left the firm either voluntarily or involuntarily (leavers).
The index includes such factors as the wages earned by all groups, hours worked and net employment, and is sorted by region and industry.
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Dan Cook
Dan Cook is a journalist and communications consultant based in Portland, OR. During his journalism career he has been a reporter and editor for a variety of media companies, including American Lawyer Media, BusinessWeek, Newhouse Newspapers, Knight-Ridder, Time Inc., and Reuters. He specializes in health care and insurance related coverage for BenefitsPRO.
