Employer review site Glassdoor has some good news for job seekers, especially those in lower wage positions. Wages are rising due to a scarcity of talent.
Rapid wage growth in the healthcare sector continued this month, with positions like medical technologist (up 4.0 percent to $54,625) and emergency medical technician (up 2.7 percent to $34,994) seeing the biggest increase. Similar to October’s Local Pay Reports, insurance agents (up 4.1 percent to $41,636) are also seeing growth given their understanding of both health and life insurance, especially tailored to the country’s population of aging Baby Boomers.
“Among the nine healthcare positions we track, pay is rising faster than the national average for the majority. These roles are often highly specialized and require unique skills and training. Thanks to healthcare labor shortages in many cities across the U.S., this translates to increased bargaining power and better offers for workers in a variety of healthcare fields,” said a Glassdoor rep.
The jobs which experienced the biggest declines in year-over-year pay growth in November include, bartender (down 4.9 percent to $30,822), loan officer (down 3.7 percent to $43,456) and java developer (down 3.8 percent to $71,379) topped the list.
Jobs with the Fastest Pay Growth |
|||
Rank |
Job Title |
% Wage Growth YoY |
Median Base Pay |
1 |
Restaurant Cook |
4.2% |
$28,452 |
2 |
Insurance Agent |
4.1% |
$41,636 |
3 |
Medical Technologist |
4.0% |
$54,625 |
4 |
Warehouse Associate |
3.9% |
$42,282 |
5 |
Truck Driver |
3.8% |
$52,945 |
6 |
Barista |
3.8% |
$24,563 |
7 |
Web Designer |
3.7% |
$52,448 |
8 |
Cashier |
3.5% |
$27,620 |
9 |
Bank Teller |
3.5% |
$28,676 |
10 |
Technical Support |
3.1% |
$45,424 |
For a list of jobs with the biggest pay declines, visit the Glassdoor Economic Research blog.