Chip Cutter

speaker

1,085 appearances 18 recordings 1 series first heard Aug 2019 last heard Sep 2024

Chip Cutter’s voice in public audio — every appearance, attributed to the second.

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Appearances

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WSJ Your Money Briefing · Many Workers Are Enjoying a Summer of Pay Increases · 13 Jul 2022 podcast

And I think that's why many companies have been voice-verified

fairly cautious about wanting to give one-time increases or say give special spot bonuses instead of raising salaries overall. voice-verified

Companies want to hold down their own wage inflation and not commit to something if the business does turn a year from now. voice-verified

We've also seen companies issue big raises sort of for the past couple of years. voice-verified

I talked to one company. voice-verified

It's a small logistics company in Pennsylvania. voice-verified

It raised wages between 8% and 12% in the summer of 2020. voice-verified

It did it by a similar amount in 2021. voice-verified

And the company's president told me that they're sort of waiting and seeing kind of what they're going to do next. voice-verified

The company right now is giving out spot bonuses in the form of gas cards to the convenience store chain Wawa. voice-verified

But the company hasn't announced sort of a broader salary increase. voice-verified

And I think that we might see other companies go that route, too, where they just want to be careful, knowing that their business could change and wanting to stay as flexible as possible here. voice-verified

Always a pleasure. voice-verified

Thanks so much. voice-verified

WSJ Your Money Briefing · Employers Relax Job Requirements to Hire Workers Fast · 12 Nov 2021 podcast

I think for job seekers out there, the application process might look a lot different. voice-verified

You might have that offer in hand without ever speaking to an employee, without ever having to go through an interview. voice-verified

Thanks so much. voice-verified

Well, as we've been reporting on for months now, this is one of the tightest labor market that employers have seen in years. voice-verified

And many companies are getting desperate. voice-verified

They realize if they don't change how they hire, it's becoming increasingly difficult to get people in the door. voice-verified

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