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Archive for February, 2015

Wage growth strong for San Antonio jobs

Saturday, February 21st, 2015

The wage growth for San Antonio jobs may vary but shows strong growth, along with other regions, according to a report from ADP.

The ADP Workforce Vitality Index, which measures the total wages paid to the U.S. private sector workforce, was 106.7 in the fourth quarter of 2014.

The index rose by 4.8% between the fourth quarter of 2013 and the fourth quarter of 2014.

The movement in the index depends on the contributions of wages and hours of workers who have remained in the same jobs from the previous quarter, the wages and hours of workers who switched jobs during the quarter, and employment changes.

The strongest growth over the past year has been in Construction, 8.4%, thanks to a combination of strong employment growth, wage growth and an increase in hours worked.

Manufacturing WVI advanced by 6.3% due to growth in wages and employment in large companies with more than 1,000 workers.

The WVI in Leisure & Hospitality and Trade advanced just over 6%, due to solid gains in both wages and employment. Financial service workers enjoyed strong wage growth of 5.9%, but experienced weak employment growth. Meanwhile, the weakest index growth has been in Professional/Business Services and the Education/Healthcare sector, mostly due to weak wage growth.

Growth in wages and employment were keys to the strong fourth quarter of 2014. Hours worked went down slightly during the quarter. Job switchers’ wages grew at a much faster pace than job holders, though the gap has closed a bit year-over-year.

Is the gender wage gap affecting those with San Antonio jobs?

Sunday, February 8th, 2015

The gender wage gap may not be as bad as previously reported on for those with San Antonio jobs, among other locations, according to a report from PayScale.

The company released Women at Work: PayScale Redefines the Gender Wage Gap.

According to the report:
As the level of one’s career increases, so too does the gender wage gap, even when controlling the male and female samples to be the same. At the individual contributor level, the controlled gender wage gap is only 2% (i.e., women earn 98% of men holding the same position), but at the executive level, the controlled gender wage gap is nearly 9%.

Contrary to popular belief, women are asserting themselves and asking for raises and/or promotions at a rate similar to men. PayScale finds 32% of women and 29% of men have asked for a raise during their career, while 19% of women and 24% of men have asked for both a raise and a promotion.

The likelihood of women asking for a raise and or a promotion increases with job level: 31% of female individual contributors have asked for a raise in their careers compared to 42% of female executives. The same pattern is also true for women negotiating a job offer for higher salary and or better benefits: 10% of female individual contributors negotiated for both higher salary and better benefits compared to 22% of female executives. The pattern holds true for men as well.

The industries where women are mostly likely to negotiate a job offer for higher salary and or better benefits are female dominated industries: Health Care (75%; 79% female), Real Estate (63%; 61% female) and Educational Services (56%; 63% female).

Eight out of the top 10 job families where women are most likely to negotiate for a higher salary and or better benefits are management positions (e.g., Engineering Managers, Chief Executives, PR Managers, etc.). The remaining two are Financial Examiners and Dental Hygienists, two job families dominated by women (65% and 98% respectively).

Are job seekers not optimistic about San Antonio jobs?

Wednesday, February 4th, 2015

Job seekers aren’t as optimistic as one might think when it comes to San Antonio jobs.

According to a survey from Challenger, Gray & Christmas, only 28 percent believing they can find new employment inside of three months.

The percentage of job seekers confident about a short transition changed little from the previous year, when 23 percent said a new position could be found within three months.

Just under 40 percent of callers felt their job search would take between four and six months, which is equal to the 40 percent of callers who said the same in 2013. The percentage saying it would take seven to nine months to find new employment actually went up, increasing from 16 percent in 2013 to 18 percent during the most recent call-in event.

The survey showed that fewer job seekers were outright pessimistic. Just under 6 percent of job seekers thought it would take a year or more to find a new gig. That was down from 11 percent in 2013 and 15 percent in 2012, suggesting that at least some job seekers believe see improvement in the problem of long-term unemployment.

More than half (54 percent) of the callers to Challenger’s job-search advice helpline were jobless for more than six months. Of those, 32 percent were out of work for over a year and 14 percent were out of work for more than 2 years.

“Every job seeker must be able to demonstrate that his or her skills and experience are fresh and relevant. This is even more important for older job seekers, in order to overcome the common misperception that they are unable or unwilling to learn new things. It is critical to keep skills up-to-date and relevant to the current job market, even if it means taking classes through a university or community college,” said Challenger.