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External hires often demand 10% to 20% more salary than internal hires.; ;Recruiting costs.

At the time, average base salary increases were close to 10%, and bonuses were uncommon below the executive level.

For example, New York’s pre-pandemic geographic pay differential, once consistently 20% above the national average, is now closer to 10%, Atwell said.

.; ;Three times more likely to spend more than 10 hours per week on personal finance issues.; The report also revealed some demographic differences regarding financial literacy.

The development of expert performance in complex skill domains has been shown to take a minimum of 10 years of concentrated practice (Day, Harrison, and Halpin 2012).

The report also found: ;Less than 10% of women have a formal mentor at work, compared to 15% of men.; ;38% of women say their value is recognized through daily work visibility, while men feel valued through corporate culture (47%) and values (51%).; ;Only 28% of women feel their corporate culture actively supports them.; Access a bonus Workspan Daily Plus+ article on this subject: ;Take Steps to Invest in Women Workers’ Success ; “Women face several barriers to career growth, including structural, cultural and systemic challenges,” said Ruth Thomas, a pay equity strategist at Payscale.

Similarly, today’s startups have embraced remote work and flexibility, and I think this will become the predominant way that we all work 10 years from now.

In fact, the tight labor market has been an influencing factor in the decision of nearly seven in 10 companies (68%) to increase salary budgets.

A recent forecast by the Anderson Economic Group estimated that a 10-day walkout would cost the U.S. economy $7 billion, with workers racking up $1.1 billion in lost wages and UPS losing $816 million.

Salary.com, which recently released its 10 pillars of effective compensation , notes that communicating about pay allows companies to collaborate with employees to build a compensation plan that best serves the entire company.