More Employees Are Working Less, but Making the Same Money

WSJ Your Money Briefing

The Wall Street Journal

News, Business News

3.8 • 1.6K Ratings

🗓️ 2 November 2023

⏱️ 9 minutes

🔗️ Recording | iTunes | RSS

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Summary

To stay competitive in a tight labor market, many employers are offering more paid time off to workers. WSJ economics reporter Jeffrey Sparshott joins host J.R. Whalen to discuss how it has resulted in employees working less hours, but maintaining steady pay. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:28.0	Hey, you're money briefing listeners. This is JR Wellen.
0:32.0	Here at YMB, we're all about bringing you important personal finance and career news
0:37.0	to help you make better decisions about your money.
0:40.0	But we want to know more about you. What personal finance topics would you like to hear more about?
0:45.0	If you're listening on Spotify, look for our poll under the episode description
0:49.0	or you can send us an email to YMB at WSJ.com.
0:54.0	That's YMB at WSJ.com.
0:58.0	Now on to the show.
1:02.0	Here's your money briefing for Thursday, November 2.
1:05.0	I'm JR Wellen for the Wall Street Journal.
1:10.0	In addition to things like health insurance and retirement savings programs,
1:14.0	many employers are offering increased paid time off as a benefit to perspective job applicants.
1:20.0	It's a very tight labor market. There are more job openings than there are people looking for work right now.
1:25.0	That's one way an employer can differentiate him or herself.
1:29.0	It can offer better benefits, a better life work balance.
1:33.0	We'll talk to WSJ Economics reporter Jeffrey Sparshot after the break.
1:37.0	This episode is brought to you by Kraken.
	...

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