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Average Pay Up 3% This Year

Workers have a bit more leverage when it comes to pay this year thanks to low unemployment and an impending labor shortage, a new survey finds.

Workers across different industries can anticipate an average 3% increase in pay this year, Randstad U.S.’s annual 2017 salary guides survey finds. Regardless of worker generation, gender, and education-salary and benefits were noted as the biggest factors for where employees decided to work. 

"Given the low unemployment rate and wage pressures employers are facing, it is becoming increasingly difficult for hiring managers to fill open positions," said Jim Link, chief human resources officer, Randstad North America.

"It's become a candidate-driven market again, and job seekers have more tools at their fingertips than ever to determine if they are getting paid what they're worth. As a result, knowing the market average for specific positions, as well as nearby geographies, is critical information to help candidates and employers ensure they receive or make the most competitive offers.”

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