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Inflation is Up, and Employees are Noticing

Source: https://www.reveliolabs.com/news/macro/inflation-is-up-and-employees-are-noticing/

At companies where multiple employees mention inflation in reviews, have average salaries been keeping up with inflation? Turns out, the reviewers were right to complain - their salaries have barely been keeping up with inflation, while other large US companies have kept up

At companies where multiple employees mention inflation in reviews, have average salaries been keeping up with inflation? Turns out, the reviewers were right to complain - their salaries have barely been keeping up with inflation, while other large US companies have kept up.

This is particularly striking when we only look at salaries for newly posted jobs. While this may be driven by the composition of jobs for which these companies were hiring in 2020 versus 2022, it still paints an interesting picture.

Are fears of inflation related to generally lower employee satisfaction? The answer is a resounding yes: reviews mentioning inflation give, on average, 32% lower scores than other reviews within the same company.

Key Takeaways:

  • Mentions of inflation, especially with mentions of compensation in employee reviews, have skyrocketed in recent months.
  • This is not surprising, as the salaries at companies where employees are particularly unhappy about inflation have not kept up with inflation.
  • Employees who worry about inflation are less satisfied with their workplace compared to their peers.

To learn more about the data behind this article and what Revelio Labs has to offer, visit https://www.reveliolabs.com/.

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Data is changing the speed of business. Investors, Corporations, and Governments are buying new, differentiated data to gain visibility make better decisions. Don't fall behind. Let us help.

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Advan

Advan provides hedge funds and institutional investors with unmatched insights into both foot and vehicle traffic to enable better investment decisions. Using precise, manual geofencing, it has the most extensive and accurate location data, available in seconds through an intuitive, self-service dashboard. Its institutional-grade analytics allow fast and actionable insights into customer behavior and corporate activity.

Advan is headquartered in New York City. For more information please visit www.advan.us