The pay bump staff get for switching jobs is shrinking.
Job seekers had the leverage to demand
greater pay raises throughout final yr’s red-hot job market, as corporations competed to draw and retain expertise. Switching jobs would possibly nonetheless earn staff a increase, only a smaller one. Some staff fear they’ve missed the window to capitalize on the leverage staff as soon as had over employers, whereas others are selecting to prioritize stability as employers gear up for an financial slowdown.
