Wednesday, June 20, 2012

How To Increase Your Compensation In A Difficult Economy

How To Increase Your Compensation In A Difficult Economy: Do you ever feel like your job is a treadmill with you running harder and harder without ever getting ahead? No, this isn’t a bad dream. According to a recent report by the Bureau of Labor Statistics, income growth stagnated, as seasonally adjusted median weekly earnings remained relatively unchanged from the previous quarter. Meanwhile, wages haven’t kept pace with price inflation as weekly earnings increased 1.9% from a year ago, compared with a 2.8% increase in the Consumer Price Index. This means that in real terms, we’re actually going backwards.

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