Pages

Monday, December 17, 2018

Do you think you deserve a raise? It depends on where you live.

About one-third of workers say that they have received a raise in the past year.

And if you live in certain areas of the country, your chances of being one of them are greater.

That is according to Prudential's latest American Workers Survey, which was conducted online in November.

The report found that 32 percent of workers said they have had a raise or seen increased benefits in the past year.

Workers in the Midwest and New England were more likely to say that is the case. Areas where workers were least likely to see the same perks include the Pacific and Mountain regions. (Click to enlarge map.)

When it comes to hiring, 33 percent of American workers surveyed said their employer had added additional workers in the past year.

New England stood out as the region where employers were hiring most. Workers in the Pacific region, meanwhile, were least likely to see their employers adding workers. (Click to enlarge map.)

One in 4 workers said one key thing is getting in the way of their career advancement: a lack of skills and training.

The top three things preventing workers from learning new skills, according to the survey, included not having the financial resources, as indicated by 56 percent of respondents; having too many social and family commitments, 45 percent; and not easily finding opportunities in their communities, 43 percent.

More from Personal Finance:
3 steps to keeping your resolutions to spend less, save more
These workers are more likely to borrow from their 401(k)
6 in 10 workers didn't get a raise or a better job in 2018, survey finds

That comes as most workers — 86 percent — said having the right skills to compete in the workforce contributes to their financial wellness.

Most respondents also said they believe improving their skills improves their financial wellness.

The places workers are most likely to learn new skills, according to the survey, include online college classes or degree programs, training programs provided by employers and community colleges or universities.

Prudential's survey included 1,919 adults ages 18 and older who are employed part-time or full-time.

Let's block ads! (Why?)

from Top News & Analysis https://ift.tt/2UR5uPl

No comments:

Post a Comment