Hourly wages for seasonal workers will rise nearly 32% according to the 2018 Annual Holiday Hiring Survey conducted by Snag, a marketplace for hourly work, and Wakefield Research.
The average hourly wage for 2018 is expected to be $15.40 this year, up from $11.70 last year. Snag polled 1,000 people with hiring responsibilities across retail, restaurants and hospitality for its survey.
Wages in retail are taking the biggest leap, 54%, with employers recruiting earlier. The wage hike and early staff searches are attributed to lower unemployment rates and a tighter labor market. “With more employers saying they’ll need extra workers this year (84% versus 77% in 2017), the competition for skilled hourly employees is expected to be fierce, and 86% of employers say they will struggle to fill temporary seasonal positions,” according to a Snag statement. “To attract workers, a majority of employers (77%) say they’ll be offering perks and benefits including paid time off, training opportunities, childcare, tuition stipends, health insurance, and even transportation reimbursement.”
Press Release: PR Newswire
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