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Pandemic Compensation Worldwide

The COVID-19 pandemic has disrupted employee compensation across the globe with many employees reporting that salary has yet to return to pre-pandemic levels. Elements Global Services surveyed 2,200 current employees from the US, Canada, and the UK to explore pandemic-related trends in job compensation, feelings on executive pay, and what percent pay raise would compel employees to leave their current jobs. 65% of Americans surveyed say their income either stayed the same or decreased during the pandemic.

The top reasons income during the pandemic: 1. Took a pay cut (39%) 2. Lost my job (29%) 3. My income is variable (24%) 4. New job with lower pay (8%). 55% of Americans who had income cut due to the pandemic say it has not yet returned. 46% say their employer froze raises and/or bonuses during the pandemic. On a positive note, 55% of those surveyed say they expect to make more money than last year. 37% of Americans say they would accept a portion of their compensation in Bitcoin if offered.  When it comes to negotiating salary: 51% of respondents have talked about salary with their employer 1-2 times in the past two years. 29% said they’ve had zero communication about salary in the previous 24 months. 20% have talked about it 3+ times in the same time period. When asked what minimum raise would compel you to leave your job: 20-25% raise (35% of respondents), 10-15% raise (34% of respondents), 50+% raise (16% of respondents), 5% raise (15% of respondents). The survey also found that 63% of Americans could be in a relationship without knowing how much their partner earns.

Pandemic compensation trends for Americans

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Matt Zajechowski
Matt Zajechowskihttp://www.digitalthirdcoast.net/
MATT is passionate about all things search engine optimization (SEO) with a strong focus on link building, local search, social media and content creation and promotion. He takes a great deal of pride in helping our clients obtain more digital visibility. Matt's core career background is link building. Link building constantly forces him to adjust strategies and explore different strategies for different clients. He also has a great deal of interest in social media and how businesses use it to market themselves. It's an emerging trend that he enjoys studying. Matt is always trying to learn more about the ever-changing search industry.

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