• Higher Salaries

Dive Brief:  

  • Worker confidence in job offers is up, along with salary expectations, according to Sept. 7 numbers from the Federal Reserve Bank of New York’s Center for Microeconomic Data. 
  • Survey respondents were several percentage points more likely to say they expect to receive at least one job offer in the next four months, compared to July 2020. That confidence remained below pre-pandemic levels, however, the organization said. 
  • The average expected annual salary for job offers rose from $54,646 in July 2020 to $57,207.  

Dive Insight: 

The survey’s findings support what research from earlier in the year suggested: Workers are confident in the job market and ready to make a move. 

As employers brace for this so-called Great Resignation, many have turned to high-profile wage increases both to retain workers and attract new talent. Some are banking on tuition-free degrees. And others have advertised safety measures amid a new wave of the coronavirus pandemic. 

Workers, however, may have already made up their minds. In a December 2020 survey, 2 in 5 office workers said they planned to resign over their employers’ pandemic response. Remote work policy rescissions may draw similar backlash, according to a separate March survey: Forty-two percent of remote employees said they would seek a different job if their employer refused to continue remote work options.


This article was written by Kate Tornone from HR Dive and was legally licensed through the Industry Dive publisher network. Please direct all licensing questions to legal@industrydive.com