Anatomy of the Hourly Worker [Infographic]

Matthew Gates http://notetoservices.com 3m 693 #worker

The views of this article are the perspective of the author and may not be reflective of Confessions of the Professions.

Which do you prefer? Hourly or Salary?

More and more people are actually preferring hourly jobs over salary and the reason is because salary workers get paid a set price, regardless if they work overtime or not — and many of them are expected to work overtime without being compensated for it. Salary workers often begin work well before their shift actually begins and continue working long after their shift ends.

The hourly worker, on the other hand, is often paid overtime, starts when their shift starts, and after they head home, their shift is officially over and they do not put any extra time in. If they are asked to come in and work an extra shift, many hourly workers do not mind because they will be compensated for it, while the salary worker may not be so inclined. Hourly work does, however, have both advantages and disadvantages, where hourly workers may be treated poorly, absenteeism is higher, no room for advancement, and it may cost more to replace an hourly worker than a salary worker.

This infographic explores the anatomy of the hourly workforce.

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The Anatomy of the Hourly Workforce

Hourly Workers

Work

59.1% of the United States workforce is made up of workers on hourly wages. Approximately 74 million people!

50% had little/no control over their work schedule

30% had to work overtime with minimal notice

The retail industry has a turnover rate of 80% – 100%.

Poor treatment of hourly workers less to high absenteeism and turnover.

Replacing an hourly worker can cost upwards of 30% of what that employee’s annual salary.

GEN Y

Characteristics

1. Are more culturally and ethnically diverse than previous generations
2. Have higher expectations about career progress and are more willing to switch jobs
3. Have a great sense of social responsibility
4. Are more Tech Savvy
5. Do not use their career to define themselves
6. Identify more strongly with their work than their company

GEN Y in the Workplace

25% of the American workforce is Gen Y in 2013

75% of the American workforce will be Gen Y in 2025

91% of Gen Y employees expect to stay in a job for less than 3 years

More Gen Y workers spend less than 2 years at their first job

Average Salary

Males: $44,600
Females: $35,400
Both: $39,700

Average income for workers 25 – 34 has fallen 8% since 2007

Percentage of Gen Y workforce by company size

Large 23% 1500+ employees
Medium 30% 100 – 1500 employees
Small 47%

Most common Gen Y jobs are low-skilled (with low medium wage)

Merchandise Displayer $23,400

Clothing Sales Representative $28,400

Cell Phone Sales Representative $27,800

Preferred sectors of Work

Public | Non-profit | Private

Gen Y are more likely than other generations to consider relocation or commuting

55% of Gen Y consider their current job just a step in their overall career

Gen X 48%
Baby Boomers 35%

24% Gen Y employees are dissatisfied at their current job

Gen X 14%
Baby Boomers 18%

Jon Doe
Most common Gen Y Facebook titles

Work as:

1. Server
2. Manager
3. Intern
4. Sales associate
5. Owner

Employee Engagement

2011 The global rate of employee engagement was 58%

29% in the United States

15% Not Engaged
52% Not Engaged in the United States

Globally in 2011

63% (60% in the United States) of employees would consistently speak positively about their company

55% (65% in the United States) would put extra effort into achieving business success

55% (68% in the United States) had an intense desire to remain part of the company

Companies with disengaged employees risk losing 6% of net profits

88% of workers consider “positive culture” an essential part of their dream job

Employee Engagement for Gen Y

Global employee engagement is lowers among Gen Y

57% Gen Y
(61% in the United States)

59% Gen X
(62% in the United States)

62% Baby Boomers
(64% in the United States)

What Gen Y Wants

What We Want!

81% Flexible hours
80% Immediate feedback
52% Career progression
65% Personal development
22% Training
74% Work environment

Gen Y workers have a higher desire than previous generations to contribute creatively to their company

58% of young people would take a 15% pay cut to work at a company with shared values

45% would take a 15% pay cut to work a job that makes a social/environmental impact

Gen Y employees want to work at companies who share their values

Source: When I Work

Matthew Gates is a freelance web designer and currently runs Confessions of the Professions.

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