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Business Insider Leverages the ADP Workforce Vitality Report to Show that Job Switchers Earn More Money

Business Insider Leverages the ADP Workforce Vitality Report to Show that Job Switchers Earn More Money

Business Insider has published an article titled, “The key to earning more money may be switching jobs — and this chart proves it,” which utilizes ADP Workforce Vitality Report data to highlight how job switchers often fair better than job holders when it comes to wage growth. “Employees who changed jobs earned about 1% more year-over-year than those who stayed with the same employer. That might not make a huge difference for one year, but it could add up to hundreds of thousands of dollars of lost wages over the course of your career.” Read the full article and view the chart here: Business...

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USA Today Highlights Workforce Vitality Report Data

USA Today Highlights Workforce Vitality Report Data

In an article titled “Tight labor market giving more Americans career clout,” USA Today leverages recent ADP Research Institute data from our Workforce Vitality Report highlighting that the tightening labor market is creating an opportunity for job switchers to increase their wages. “About half a million U.S. workers left one job for another in the fourth quarter, up from 406,000 in the same period in 2015 and 365,000 two years ago, according to estimates by private payroll processor ADP. That trend largely has been reported by the Labor Department and reflects a more vibrant job market. But ADP, which, unlike Labor, can track employees as they move among jobs, also finds that more of them are shifting into new sectors, such as a marketing manager who leaves retail for finance. In eight of the 10 major industries tracked by ADP, the share of job-switchers who came from a different industry increased from late 2014 to late 2016 while the share swapping jobs within the same industry fell. That’s up...

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