Archive for March, 2015

Will wage growth be stagnant for Jacksonville jobs?

Monday, March 30th, 2015

For this quarter, Payscale forecasts that wage growth could possibly be stagnant for Jacksonville jobs, among other areas.

The Q4 2014 Index tracks quarterly and annual trends in compensation and also provides a U.S. national wage forecast for the coming quarter. The Index shows national wages for Q4 increased 0.6 percent and the average 12-month change in U.S. wages across all industries in Q4 was a 1.8 percent.

Key findings in the Q4 2014 PayScale Index:
•Legal Jobs On the Rise:◦Legal jobs saw the largest annual wage growth (3.8 percent) and annual wage growth for legal jobs is the second highest it’s been since the Index’s inception in 2006.

•Industry Highlights:◦Unlike most quarters since 2006, the oil and gas industry had the second lowest annual growth (0.9 percent), likely resulting from the recent drop in gas prices. However, this industry has experienced impressive wage growth of 19.3 percent since 2006, the highest of any industry.
◦Real Estate may be recovering with high quarterly wage growth of 0.7 percent in Q4. The last quarter’s performance brings the industry’s annual wage growth to 3.3 percent, third overall.
◦IT jobs had relatively small wage growth in Q4 at 0.3 percent, resulting in 1.6 percent annual wage growth the job category. However, IT still boasts an impressive wage growth of 11.5 percent since 2006.

•U.S. Metro Wage Growth: ◦The top five U.S. metro areas experiencing the highest annual wage growth in Q4 are:■San Diego, CA (3.7 percent)
■San Francisco (3.6 percent)
■Seattle, WA (2.8 percent)
■Houston, TX (2.6 percent)
■Dallas, TX (2.5 percent)

◦The bottom two U.S. metros experiencing the lowest annual wage growth are:■Washington, DC (0.5 percent)
■Miami, FL (0.9 percent)

•Canadian Metro Wage Growth: ◦Edmonton, AB had the best annual wage growth of any Canadian city at 1.3 percent.
◦Vancouver, BC also had an inspiring year with annual wage growth of 1.2 percent.
◦The oil cities of Edmonton and Calgary still dominate the Canadian metropolitan areas for most growth since 2006 at 21.8 and 18.4 percent, respectively.
◦Toronto and Ottawa had the worst annual wage growth in Canada at 0.3 and -0.7 percent, respectively.

•United Kingdom:◦In the U.K., Q4 quarterly wage growth increased 0.3 percent. In addition, U.K. wages grew by 8.3 percent since 2006, falling behind Canada (11.5 percent) and the U.S. (8.5 percent).

Are people with Jacksonville jobs asking for raises?

Wednesday, March 25th, 2015

The 2015 PayScale Salary Negotiation Guide shows that people who have Jacksonville jobs have been asking for raises. But ess than half – 43 percent – of survey respondents have asked for a raise in their current field. For the 57 percent who have not asked, the reasons most often cited are:

My employer gave me a raise before I needed to ask for one (38 percent)
– I’m uncomfortable negotiating salary (28 percent)
– I didn’t want to be perceived as pushy (19 percent)

The higher your annual salary, the more likely you are to have asked for a raise and the more likely you are (with just a few exceptions) to have received it. While only 25 percent of those earning $10K-$20K received the raise they requested, 70 percent of those earning more than $150K received their requested raise.

Women are more likely than men to state that they are uncomfortable negotiating salary – 31 percent vs. 23 percent – and that holds true even among C-level executives where 26 percent of female Chief Executives said they’re uncomfortable negotiating compared to 14 percent of male Chief Executives.

Chief Executives are most likely to have received the raise they asked for.

Civil Engineers are most likely to say that they do not negotiate because they are afraid of being perceived as pushy.

Workers in the Arts, Entertainment, and Recreation industry were least likely to receive the raises they asked for.

The gender split between people who negotiate was largest in the Mining, Quarrying, and Oil and Gas Extraction industry. More women than men in this industry have asked for a raise (51 percent vs. 40 percent), but men in the mining industry are also more likely to report that they received a raise without having to ask or have always been happy with their salary.

Women holding an MBA degree seem to be struggling most with potential gender bias when it comes to salary negotiation. Of those who asked for a raise, only 48 percent of female MBA grads received the requested raise compared to 63 percent of male MBA grads. And, 21 percent of female MBA grads received no raise at all after requesting one, compared to 10 percent of male MBA grads.

Gen Y is far less likely to have asked for a raise and far more likely to be uncomfortable negotiating or worried about being perceived as pushy. Both likely stem from lack of experience. Baby Boomers, however, are more likely to say they didn’t negotiate for fear of losing their job, which could indicate a concern over age bias in the workplace.

Food service jobs in Jacksonville grow

Sunday, March 8th, 2015

The latest Bureau of Labor Statistics show that food service jobs in Jacksonville are climbing.

Overall, in February, food services and drinking places added 59,000 jobs. The industry had added an average of 35,000 jobs per month over the prior 12 months.

Employment in professional and business services increased by 51,000 in February and has risen by 660,000 over the year. In February, employment continued to trend up in management and technical consulting services (+7,000), computer systems design and related services (+5,000), and architectural and engineering services (+5,000).

Construction added 29,000 jobs in February. Employment in specialty trade contractors rose by 27,000, mostly in the residential component. Over the past 12 months, construction has added 321,000 jobs.

In February, employment in health care rose by 24,000, with gains in ambulatory care services (+20,000) and hospitals (+9,000). Health care had added an average of 29,000 jobs per month over the prior 12 months.

Transportation and warehousing added 19,000 jobs in February, with most of the gain occurring in couriers and messengers (+12,000). Employment in transportation and warehousing grew by an average of 14,000 per month over the prior 12 months.

Manufacturing employment continued to trend up in February (+8,000). Within the industry, petroleum and coal products lost 6,000 jobs, largely due to a strike.

Employment in mining decreased by 9,000 in February, with most of the decline in support activities for mining (-7,000).

Employment in other major industries, including wholesale trade, information, financial activities, and government, showed little change over the month.