Archive for the 'Benefits' Category

A recent article in SIReview revealed some startling statistics on workers spending and savings means and habits. Here are some statistics:
* 40% of workers live paycheck to paycheck.
* 55% say they would need to earn more than $500 per paycheck to live comfortably.
* 21% do not set aside any money for savings.
* 37% of workers […]

The average U.S. hourly wage has been increasing steadily over the last 10 years. The increase has been from $12.51 an hour to $16.75 an hour, an increase of 25%. If increases continue at the current rate then in 2017 the average hourly wage will be $20.00 hourly (about $40,000 annually), $26.30 hourly in 2027 […]

Here are “Seven Major Job Trends for 2007″ by Matt Ferguson, CEO of CareerBuilder.com.

View the entire article with supporting statistics at:
 Seven Major Job Trends for 2007. [CareerBuilder - Matt Ferguson]
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Career Hacker * www.careerhacker.com * By Bill Inman * www.billinman.com

The more education one receives the more money they are likely to earn. The following chart shows how average weekly earnings are effected by educational milestones.

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Career Hacker * www.careerhacker.com * By Bill Inman * www.billinman.com

“There are people who assumed that their hard work and conventional ’success’ would leave them with no worries,” writes Matt Miller of Fortune Magazine. These people include doctors, accountants, engineers, lawyers, and Vice Presidents. The frustration of these individuals lies in the fact that there is seemingly no way for these to live with ‘unlimited’ […]

Financial freedom gives you more choices, like the choice to retire. But it seems ever elusive for most. Can a person go beyond simple financial security and save $5,000,000 within a 40 year career at a salary of $45,000  year?
 Theoretically:

37 year career
$45,000 a year salary
25% of salary contributed to a 401k plan
6% company match
4% salary […]

So you are excited about your pay raise and where your career is headed. Remember that your costs of being an employee may be rising too. On average up to 16% of salary increases will go to pay for healthcare cost increases the next year. 
Healthcare Costs to Eat Up Chunk of Pay Raises. [Business and Legal […]