U.S. small-business pay gains at record as firms fight for staff

A NET 37 percent of firms report offering higher compensation in September, according to the monthly jobs report from the National Federation of Independent Business, / BLOOMBERG NEWS FILE PHOTO/JEENAH MOON
A NET 37 percent of firms report offering higher compensation in September, according to the monthly jobs report from the National Federation of Independent Business, / BLOOMBERG NEWS FILE PHOTO/JEENAH MOON
NEW YORK - A record share of small-business owners in the United States say they’re raising overall pay to attract workers and retain employees amid one of the tightest labor markets in decades. A net 37 percent of firms report offering higher compensation in September, surpassing the previous record of 35 percent in May, according to…

Want More?

Subscribe or register with Providence Business News to keep reading.

REGISTER
for 2 more stories

Subscribe now for $1 for 4 weeks
Already a Subscriber? Login now

Purchase NowWant to share this story? Click Here to purchase a link that allows anyone to read it on any device whether or not they are a subscriber.

- Advertisement -