<ul><li>Rising costs mean that workers who can do their jobs from home are understandably reluctant to head to the office unless they absolutely need to.</li><li>Some companies are cognisant of employees' concerns and are offering practical solutions aimed at alleviating costs related to office days.</li><li>For example, media company Bloomberg is offering its US staff a $75 daily commuting stipend, which they can spend however they want.</li></ul>

The Extra Perks And Subsidies

<ul><li>Six-figure starting salaries will probably continue to be the norm in certain high-paying industries like Big Tech and Big Pharma.</li><li>It's unlikely there'll be much of a trickle-down effect for entry-level workers in less elite sectors in other sectors.</li></ul>

Not For Labour Jobs In McD Or Amazon

Now that millions of employees have enjoyed the ability to work remotely and shape their schedules, workers are increasingly reticent to give up flexibility – and would consider making sacrifices to have accommodating jobs. Earlier in the pandemic, large swaths of workers reported willingness to take a pay cut if they secured the benefits they wanted. But in recent months, a shift has occurred: while flexibility is still high on the list, pay is moving centre stage as a priority for job-seekers.

Back To The Green Dough

Both knowledge- and blue-collar workers with particularly in-demand skillsets are enjoying sharp salary rises, as labour shortages impact some industries. These hikes are coming as workers of all stripes are facing rising living costs – and wondering if they, too, could find a better-paying role elsewhere.

Looking For Better Paying Roles

<ul><li>More than half (56%) of executive managers in a recent survey said they were starting to be faced with pay compression, where existing staff end up on lower salaries than new recruits</li><li>Petrol prices are at an all-time high; transport fares have increased, and food and other essentials are on an upwards trajectory</li><li>Some companies are offering financial and other incentives to tempt unhappy commuters back</li></ul>

Talent Shortage Across All Sectors

<ul><li>Flexibility and company values are still important factors for workers, but they're only the difference-maker when the salaries are comparable.</li><li>The companies "winning the race" for staff will be those who can offer both the work-life balance policies workers say they want and competitive pay.</li><li>With inflation causing workers' pay to drop in real terms, we'll see almost a re-evaluation of those top-five reasons why people move jobs.</li></ul>

Asking Both Work-Life Balance And Competitive Pay

<ul><li>Graduates are being handed six-figure salaries as a recruitment tool amid the current labour market conditions.</li><li>In some cases, these workers may find themselves trapped in jobs they hate, especially if workers have built lifestyles around earning big pay-outs.</li><li>Such wages can also skew young employees' perception of pay, blocking them from pursuing more meaningful career paths.</li><li>Huge salaries can also weigh on young employees with a psychological burden.</li><li>Companies themselves may not necessarily get what they pay for.</li></ul>

Skewing The Career Perception For Youngsters

Flexibility has long been touted as the ‘it’ perk. But as pay packets swell, workers are increasingly prioritising bigger salaries over other benefits.