• CEPro_logo_blue-new
  • TOPICS
      • News
        • People & Places
        • Product Briefs
      • Projects
      • Events
      • Control
        • Central Vac
        • Energy/Power
        • HVAC/IAQ
        • Interfaces/Devices
        • Lighting
        • Motorized Shades
        • Whole House Systems
      • Audio/Video
        • Audio/Video
        • AV Accessories
        • AV Racks
        • Cabling
        • Displays
        • Furniture
        • Headphones
        • Home Theater
        • Media
        • Mounts/Lifts
        • Multiroom AV
        • Projectors/Screens
        • Speakers/Subwoofers
        • Wireless AV
      • Security
        • Access Control
        • Alarms/Sensors
        • Services/Platforms
        • Surveillance/Cameras
      • Business Support
        • Associations/Buying Groups
        • Cell Phone Boosters
        • Distributors/Reps
        • Operations
        • Recurring Revenue
        • Research
        • Sales/Marketing
        • Software Services
        • Tools/Testers
      • Networking
        • Cellular
        • Devices/Equipment
        • Wireless
        • Wired/Installation
      • Markets
        • Builders
        • Commercial
        • Design
        • Europe
        • Outdoors
        • Resimercial
        • Wellness
      • CE Pro Hub Pages
        • Bose
        • Savant
        • Inside Sound United
  • PRODUCTS
  • RESOURCES
    • Reports/Downloads
    • Buyer’s Guide
    • Webcasts
    • Podcasts
    • Integrator Jobs
    • Digital Edition
    • CE Pro-iQ
  • SUBSCRIBE
    • CEDIA SHOW UPDATES
    • CEPRO PRINT EDITION
    • CEPRO DIGITAL EDITION
    • CEPRO NEWSLETTERS
  • DISCOVER
    • CEDIA Expo
      • September 29 – October 1
        Dallas, TX
      • VISIT SITE
    • KBIS
      • February 8 – 10
        Orlando, FL
      • VISIT SITE
    • Total Tech Summit
      • October 26 – 28
        Orlando, FL
      • VISIT SITE
    • Commercial Integrator
      • VISIT SITE
    • Security Sales
      • VISIT SITE
    • Tech Decisions
      • VISIT SITE
    • Campus Safety
      • VISIT SITE
    • Design Well
      • VISIT SITE
    • KBB Online
      • VISIT SITE
    • AV-iQ
      • VISIT SITE
    • CE Pro-iQ
      • VISIT SITE
  • Search
  • TOPICS
    • News
      • People & Places
      • Product Briefs
    • Projects
    • Events
    • Control
      • Central Vac
      • Energy/Power
      • HVAC/IAQ
      • Interfaces/Devices
      • Lighting
      • Motorized Shades
      • Whole House Systems
    • Audio/Video
      • Audio/Video
      • AV Accessories
      • AV Racks
      • Cabling
      • Displays
      • Furniture
      • Headphones
      • Home Theater
      • Media
      • Mounts/Lifts
      • Multiroom AV
      • Projectors/Screens
      • Speakers/Subwoofers
      • Wireless AV
    • Security
      • Access Control
      • Alarms/Sensors
      • Services/Platforms
      • Surveillance/Cameras
    • Business Support
      • Associations/Buying Groups
      • Cell Phone Boosters
      • Distributors/Reps
      • Operations
      • Recurring Revenue
      • Research
      • Sales/Marketing
      • Software Services
      • Tools/Testers
    • Networking
      • Cellular
      • Devices/Equipment
      • Wireless
      • Wired/Installation
    • Markets
      • Builders
      • Commercial
      • Design
      • Europe
      • Outdoors
      • Resimercial
      • Wellness
    • CE Pro Hub Pages
      • Savant
      • Bose
      • Inside Sound United
  • PRODUCTS
  • RESOURCES
    • Reports/Downloads
    • Buyer’s Guide
    • Webcasts
    • Podcasts
    • Integrator Jobs
    • Digital Edition
    • CE Pro-IQ
  • SUBSCRIBE
    • CEPRO PRINT EDITION
    • CEPRO DIGITAL EDITION
    • CEPRO NEWSLETTERS
    • CEDIA SHOW UPDATES
  • DISCOVER
    • Cedia Expo
      VISIT SITE
    • Commercial Integrator
      VISIT SITE
    • Security Sales
      VISIT SITE
    • Tech Decisions
      VISIT SITE
    • Campus Safety
      VISIT SITE
    • Design Well
      VISIT SITE
    • Total Tech Summit
      VISIT SITE
    • KBB Online
      VISIT SITE
    • AV-iQ
    • CE Pro-iQ
M
POPULAR SEARCHES
News
Projects
Control
Audio Video
Security
Business Support
Markets
SUBSCRIBE CEDIA EXPO CEPro-iQ
News | Operations | Research
November 29, 2022

4 Out of 5 Workers Say Salary Not Keeping Up with Inflation

92% of global workers say inflation and recession are affecting careers, finances. 85% consider changing careers.
Jason Knott  
Article:
News | Operations | Research
November 29, 2022

4 Out of 5 Workers Say Salary Not Keeping Up with Inflation

A recent global study can provide some key insights for integrators of what is on the minds of their employees as inflation continues to skyrocket and recession looms. The bottom line is that workers are on pins and needles right now, which makes a strong company culture, work-life balance and scheduling even more important.

To better understand how inflation and recession concerns are impacting workers’ career decisions, financial health, and sentiments on job security, Remote.co’s Work & Financial Wellness Report surveyed over 1,100 global professionals between October 13 and October 30, 2022.

According to the report, 80% of respondents said their current salary is not keeping up with inflation. Additionally, 92% reported that inflation and recession concerns have affected their career and financial choices. 

  • Nearly half (47%) specified that inflation and recession concerns have pushed them to find or start looking for a higher-paying job.
  • 31% said they took a side job or started freelancing.
  • 45% reported that they were following a stricter household or personal budget.
  • 23% said they’ve allocated more money towards savings or an emergency fund.

“With 90% of people saying they ‘need to work,’ workers everywhere are challenged by navigating their careers in an uncertain global economy,” says Sara Sutton, Founder and CEO of Remote.co and FlexJobs. “These findings provide valuable insight into how economic pressures are influencing global professionals across industries, career levels, and locations,” Sutton concludes. 

In addition to career and financial decisions, Remote.co’s Work & Financial Wellness Report explored pressing questions around job security and career confidence. 

Cast Your Vote for the 2023 CE Pro Quest for Quality Awards!

CE Pro urges integrators to recognize their suppliers that go above and beyond to deliver premium support and service. Cast your vote today to recognize the services (not the products) from your favorite manufacturers and distributors.

Cast your vote today!

When asked how concerned they are about job security in the next three months, two-thirds (63%) of respondents said they are “extremely concerned” or “somewhat concerned.”                     

  • Extremely concerned (32%)
  • Somewhat concerned (31%)
  • Only slightly concerned (20%)
  • Not concerned at all (17%)

Moreover, only 15% of survey participants said they “have not considered a career change.” When asked if they are currently trying or have ever tried to change careers, respondents indicated:

  • Yes, I am actively trying to change careers right now (50%)
  • No, but I am considering trying to change careers (21%)
  • No, because I already successfully changed careers (12%)
  • No, because I already tried, and it didn’t work out (3%)
  • No (15%)

Sixty-five percent of respondents stated they are only “somewhat confident” or “not at all confident” in their ability to find a suitable job. 

  • Somewhat confident (50%)
  • Extremely confident (35%)
  • Not confident at all (15%)

Despite this level of confidence in job prospects, 63% of respondents said they’d “absolutely” look for a new job if not allowed to keep working remotely. The contrast signals the importance of remote work options for today’s professionals, the majority (84 percent) of whom consider it the most important factor when evaluating job prospects. Other top factors when evaluating job opportunities include: 

  • Salary (81%)
  • Work-life balance (79%)
  • Work schedule (56%)
  • Meaningful work (50%)
  • Company culture (42%)
  • Skills training and education options (40%)
  • Career progression (40%)
  • Vacation time (38%)
  • Company reputation (38%)

ABOUT THE AUTHOR

Jason Knott
Follow
Jason Knott:
Jason Knott is Chief Content Officer for Emerald's Connected Brands. Jason has covered low-voltage electronics as an editor since 1990, serving as editor and publisher of Security Sales & Integration. He joined CE Pro in 2000 and serves as Editor-in-Chief of that brand. He served as chairman of the Security Industry Association’s Education Committee from 2000-2004 and sat on the board of that association from 1998-2002. He is also a former board member of the Alarm Industry Research and Educational Foundation. He has been a member of the CEDIA Business Working Group since 2010. Jason graduated from the University of Southern California.
View Jason Knott's complete profile

ARTICLE TOPICS

News • Operations • Research

ARTICLE TAGS

SHARE

Share On Facebook
Share On Twitter
Share On Linkedin
Share On Whatsapp
Share Via Email
Copy URL
← Previous Article Next Article →
Article Associations/Buying GroupsAudio/VideoCommercialEuropeEventsISENews

The Day the King Visited ISE 2023

ISE 2023 smashes attendance records, shaking off the pandemic slump in one of the most exciting industry exhibitions yet.
Article Audio/VideoBusiness SupportDistributors/RepsOperationsResearchSales/MarketingSpeakers/Subwoofers

What to Look for When Buying Speakers for Your Next Project

Shannon Humphrey discusses how it can be all too easy to fall into a habit of purchasing substandard speakers without even knowing how much they cost your business.
Article Associations/Buying GroupsAudio/VideoCommercialEuropeEventsISENews

The Day the King Visited ISE 2023

ISE 2023 smashes attendance records, shaking off the pandemic slump in one of the most exciting industry exhibitions yet.
Article Amplifiers/ReceiversAudio/VideoDesignDisplaysHome TheaterMarketsMediaNewsProjectors/ScreensSpeakers/Subwoofers

8 Best Ways to Watch the Super Bowl

Today’s home technology market offers users a variety of ways to watch their favorite sporting events, TV shows and movies. Here are eight options to watch the 2023 Super Bowl.

SHOW NEWSLETTER

Sign Up

CE Pro

Subscribe Sign Up

Content Types

News
Products
Projects
Companies
Downloads
Webcasts
Podcasts
Events

Specials

IntegratorJobs
CEDIA EXPO
CE Pro 100
CE Pro Summit
Awards Programs

Company Info

About
Contact Us
Customer Service
Media Solutions & Advertising

Subscribe

Magazine
Newsletters
Digital Edition

Connect

Twitter
Facebook
LinkedIn
YouTube
RSS Feed

Categories

AUDIO/VIDEO
AV Accessories
AV Racks
Amplifiers/Receivers
Cabling
Displays
Furniture
Mounts/Lifts
Multiroom AV
Projector Screens
Speakers/Subwoofers
Wireless AV
CONTROL
Central Vac
Energy/Power
Interfaces/Devices
HVAC/IAQ
Lighting
Motorized Shades
Whole-House Systems
NETWORKING
Cellular
Devices/Equipment
Wireless
Wiring/Installation
SECURITY
Access Control
Alarms/Sensors
Services/Platforms
Surveillance Cameras
BUSINESS SUPPORT
Associations/Buying Groups
Distributors/Reps
Operations
Recurring Revenue
Research
Sales/Marketing
Software/Services
Tools/Testers
MARKETS
Builders
Commercial
Design
Europe
Outdoors
Wellness
FOLLOW US ON
  • Follow
  • Follow
  • Follow
  • Follow
  • Follow

© 2023 Emerald X, LLC. All Rights Reserved.

  • ABOUT
  • CAREERS
  • TERMS OF USE
  • PRIVACY POLICY

McIntosh Labs

McIntosh Labs