According to the survey among U.S. corporate sector, U.S. employers are struggling to hire new employees, as a result, they have also raised wages to meet the human resources demand in the companies.
The survey was conducted by the National Association of Business Economists (NABE), which showed its quarterly survey results, people think that there are fewer prospects for strong economic growth in the next year, but most of them were in favor of sustained quarterly growth.
As the unemployment rate is already low, informal reports across the country suggest that employers are having difficulties in filling the positions and in return they have raised the monetary and other benefits for the new hires.
But official figures show little wage growth and weak inflation, slightly more than 67 percent of the panelists’ reports confirm that “firms experienced problems in hiring” NABE survey chairperson Emily Kolinski said in a statement.
The survey was conducted among 101 NABE members, the survey shows an upward trend in sales, profits, capital spending, and hiring. However, rising labor costs, lack of pricing power put some companies under pressure.
Manager at Research Snipers, RS-NEWS, Digital marketing enthusiast and industry professional in Digital technologies, Technology News, Mobile phones, software, gadgets with vast experience in the tech industry, I have a keen interest in technology, News breaking.