Story perspectives
Workers' Bargaining Power Declines Amid Job Competition
6/20/2025
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Workers' Bargaining Decline
- Post-Great Resignation, workers' bargaining power has diminished, with promotion rates decreasing from 14.5% to over 10% since mid-2022.
- U.S. job seekers are accepting lower salaries, with average expectations dropping from $82,000 to $74,000.
- Tatarstan faces increased job competition, averaging 6.1 CVs per vacancy, yet retail and healthcare still experience staff shortages.
- Employers prioritize retention and internal talent development, shifting salary growth from competitive to justified.
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