Allwork
DECEMBER 30, 2024
Katherine Lin quit her civil service job in the southern megacity of Shenzhen in July after her 15,000 yuan ($2000) salary dropped by a quarter, bonuses were scrapped, and managers hinted at further downsizing. “Some departments chose to either cut salaries by 30% or fire people in response to cost-cutting policies,” she said.
Allwork
AUGUST 19, 2024
ChatGPT users are more likely to negotiate higher salaries and receive more interview requests than those who don’t use AI tools. workers who actively searched for jobs within the past year have used ChatGPT to improve their applications, help negotiate salaries, and prepare for job interviews.
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Allwork
AUGUST 11, 2022
salaries haven’t kept up with inflation. This isn’t shocking; historically, salaries do not keep up with inflation. . more likely than women to have their salary matched to the CPI. . “ Has your salary or hourly wage kept up with inflation?” A new survey has found that 54.7%
Allwork
OCTOBER 4, 2022
Although salary transparency can help reduce the gender pay gap, older generations are more likely to feel like discussing pay is discouraged in their workplaces. . It becomes harder for organizations to pay workers unfairly when their salaries are open to public scrutiny. . Pay inequality also dropped by about 20%. .
Allwork
OCTOBER 1, 2024
are entering the workforce with serious financial concerns. A recent survey by ResumeTemplates.com revealed that 87% of Gen Z workers feel they are underpaid — even among those earning six-figure salaries. It takes time to move up in the ranks and earn a higher salary. Newsweek reports that 45% of Gen Z expats had left the U.S.
Allwork
SEPTEMBER 30, 2024
Bloomberg reports that a recent study shows hybrid work arrangements, though beneficial in terms of promoting greater work-life balance, could come at a financial cost. Many remote workers in the U.K. experienced a notably slower pay growth compared to their in-person colleagues during the first two years following the COVID-19 pandemic.
Allwork
JANUARY 22, 2025
Both state-owned and private financial firms have since proactively lowered salaries and bonuses and discouraged the show of wealth such as by asking staff to avoid wearing expensive clothes and watches.
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