PAY & BENEFITS   •  Mar 2019  •  Volume 8 / Number 5

Compensation trends into the 21st century

Compensation trends into the 21st century

During the Second World War, the War Labor Board controlled increases in cash wages in order to limit inflationary pressures from competition in the labor force.[1] This encouraged employers to use employee benefits as a form of noninflationary compensation.

Read full article »  |   Download PDF

Recent articles

EMPLOYMENT & UNEMPLOYMENT

Ahead of the pack: why are veterinary occupations growing much faster than average?

The Bureau of Labor Statistics (BLS) gives veterinary occupations a healthy diagnosis from 2016 to 2026. BLS employment projections show veterinary occupations are expected to add 51,700 new jobs and grow at a rate of 19 percent over the 2016–26 decade. This Beyond the Numbers article examines some of the main factors driving up pet care spending, including a growing pet population, the aging of the pet population, and expanding pet treatment options, which are expected to create employment opportunities for veterinary occupations from 2016 to 2026.
Download PDF

PRICES & SPENDING

The relationship between cash contributions, pretax income, and age

Data from the U.S. Bureau of Labor Statistics Consumer Expenditure Survey (CE) indicate that in 2016, U.S. households made $269.6 billion in cash contributions to persons or organizations outside the household. The CE cash contributions category is a catch all that includes financial support for college students living away from home, alimony and child support payments, and personal cash gifts, such as those for birthdays or weddings. Also included are cash donations to religious, educational, charitable, and political organizations, as well as gifts of stocks, bonds, and mutual funds made to persons or organizations outside the household.
Download PDF

PRICES & SPENDING

Improving the CPI physicians’ services index

The U.S. Bureau of Labor Statistics (BLS) Consumer Price Index (CPI) for physicians' services measures the change in prices for healthcare services provided by physicians in private practice. Physicians’ services comprise medical professional services, including dental services and eyeglasses and eye care services.
Download PDF