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U.S. Wages Grew 2.8% in 2018, Should You Increase Staff Compensation?

Unemployment numbers have been at historic lows recently, and this is having a positive effect on the stagnant wages of the past decade. According to the ADP Research Institute Workforce Vitality Report (WVR), the fourth quarter of 2018 delivered year-over-year wage growth of 3.4% to end the year. 2018 Wage Growth Statistics Overall, 2018 provided wage growth of 2.8% compared to 2.6% in 2017. The steady wage growth is being driven by a tight labor market as businesses are competing with a few...
Tags: US, Sales, Economy, ADP, Northeast, ADP Research Institute, DepositPhotos, Ahu Yildirmaz, Yildirmaz, Small Business Growth, WVR, ADP Research Institute Workforce Vitality


Service Companies Bolster Small Business Job Totals, ADP Reports

The March ADP ( NASDAQ:ADP)  Small Business Report revealed the service-providing sector was greatly responsible for the 47,000 jobs small businesses created in March. Although the number for small businesses came in 19,000 lower than February. Still, overall the national employment numbers were higher at 241,000, compared to 235,000 last month. March 2018 ADP Small Business Report There are fluctuations in the different segments of the employment report, but the economy has been generating w...
Tags: Texas, California, Sales, Economy, West, ADP, Mark Zandi, Moody s Analytics, ADP Research Institute, Ahu Yildirmaz, Yildirmaz, ADP National Employment Report, U S Bureau of Labor Statistics Small Business


Big Jobs Added at Small Businesses in December, Per Latest ADP Report

The ADP ( NASDAQ:ADP)  Small Business Report for December shows small businesses saw a big increase of 94,000 jobs during the month. December 2017 ADP Small Business Report This comes two months after the first reported overall job losses of the year, helping end 2017 with a bang. The private sector added a total of 250,000 in December, and this report sent the Dow to break the 25,000 mark for the first time. Small businesses with between 1 and 19 employees accounted for an increase of 43,000...
Tags: Employment, Sales, ADP, Moody s Analytics, ADP Research Institute, Ahu Yildirmaz, Yildirmaz, ADP National Employment Report


Franchise Sector Shows Job Growth for February, Says ADP Report

U.S. private sector franchises continue to drive employment, according to the February 2016 ADP National Franchise Report, produced by human resources management solutions provider ADP in conjunction with Moody’s Analytics. The report found that franchise sector 2016 job growth in the U.S. was up by 18,500 in February. While the numbers fell shy of those reported by ADP in January, when franchise jobs grew by 20,000, they still reflected the impact franchisees have in creating employment opport...
Tags: ADP, Ifa, Franchise, Moody 's Analytics, International Franchise Association IFA, Ahu Yildirmaz, Robert Cresanti, ADP Research Institute Industries, Yildirmaz