Reliable Wage: How Do Businesses Ensure This?
~by Rachelle Wilber~
For the working person, getting ahead financially and in a career means finding a job that offers a reliable wage. Fortunately, jobs that offer a steady income and good benefits come in all sectors of the work world, from blue collar work to white collar professions. Businesses can ensure workers that their income will be steady based upon factors like experience and work ethic, industry trends, and seasonal rushes.
Here’s a look at three jobs and the ways that each of these business types offers a reliable wage to its employees.
Healthcare counts as a growth industry due to the aging Baby Boomer population. According to CNBC.com, there is a projected shortage of workers for these position. As such, businesses in these industries can offer steady wages due to the law of supply and demand. For example, demand for nurses of all sorts, ranging from LPNs to nurse practitioners is expected to see an increase in the next decade, according to the Bureau of Labor Statistics. Salaries vary, depending on the position and education required.
Although the trend for buying local does affect commerce, the truth is, most of what we buy comes to us by truck. Need proof? Think how much just a few companies like Amazon or Walmart need truck drivers. Although the pay for truck drivers varies, salaries can be as high as $73,000 a year. The wage for a trucker can go up, depending upon factors like where the route is, how experienced the driver is, and even follow-through. For example, a truck driver can get up to 60% of his pay once his load is picked up, thus ensuring a more reliable wage if he has good follow-through. Therefore, people with a good work ethic and experience can expect an ongoing flow of income according to Factor Loads.
Because of natural events like power outages and personal events like home construction, electricians can always expect a steady wage. The annual income of an electrician is around $50,000. These skilled individuals have constant work year-round, which maintains a steady income. The skill sets of the electrician, as well as supply and demand, make this a job that offers steady wages.
Companies that offer a steady wage have a better chance at retaining quality employees than companies that don’t. The three examples in this article show how different companies and industries provide a solid and reliable income for their employees. Any job seeker looking for a good income should look at jobs that can guarantee steady pay due to any of these factors: industries where demand for workers outweighs the supply; jobs requiring work ethic and experience; and/or careers that require practical skills that local businesses use each day.
Rachelle Wilber is a freelance writer living in the San Diego, California area. She graduated from San Diego State University with her Bachelor’s Degree in Journalism and Media Studies. She tries to find an interest in all topics and themes, which prompts her writing.
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