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Compensation Rises

The 2016 SelectLeaders Network Job Barometer Q3 Update charted a data pattern unseen since 2007. For the first time since the Global Financial Crisis, rather than jobs and applications increasing neck and neck, a gaping gap appeared between available jobs and applications. A gap which mirrors 2007, when increasingly sought-after candidates negotiated the highest compensation levels in a decade. The Labor Department October Jobs Report just confirmed the trend the Job Barometer predicts, “The largest annual rise since 2009, 2.8% year-over-year jump in average hourly earnings.” For job seekers, it’s the best sellers’ market since 2007!

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