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Month: January 2024

People on the move

People on the move

Health care

Dr. Ruston Hess, ophthalmologist, has joined Tomoka Eye Associates’ Ormond Beach, Palm Coast and Port Orange locations.

Media

Brande Dils was named the new owner/publisher of Winter Park City Lifestyle Magazine.

Real estate

Lisa Camphire has joined Premier Sotheby’s International Realty, Southwest Orlando, as a sales advisor.

Brad Isaacs has joined Premier Sotheby’s International Realty, Southeast Orlando, as a sales advisor.

Jon Ruiz has joined Premier Sotheby’s International Realty, Winter Park, as a sales advisor.

Nicole Ruiz has joined Premier Sotheby’s International Realty, Winter Park, as a sales advisor.

Rick Wassel has joined Premier Sotheby’s International Realty, Winter Park, as a sales advisor.

Submit professional appointments, management-level promotions and significant awards for individuals, along with photos as .jpg attachments, to peopleonmove@orlandosentinel.com.

Year-end bonuses shrink 21% in sign of turbulent US economy

Year-end bonuses shrink 21% in sign of turbulent US economy

Matthew Boyle | (TNS) Bloomberg News

U.S. workers are getting smaller bonuses, a sign that belt-tightening employers aren’t as concerned about losing talent as in recent years.

The average cash bonus paid to employees last month was $2,145, down 21% from the previous year, according to payroll software company Gusto, which tracks payments made by more than 300,000 small businesses. Small businesses employ nearly half of all private-sector workers in the U.S., according to government data.

Every industry posted a decline, ranging from 3.8% for technology firms to 36% for tourism and transportation companies.

Not only were bonuses smaller, but fewer workers got them in most industries. Sixteen out of the 22 industries tracked by Gusto saw declines in the share of workers that received any sort of bonus, with the biggest drop coming at arts and entertainment firms. Compared with 2021, 6.9% fewer workers got a bonus in 2023.

“What surprised me was some of the industries where we’ve been talking about challenges finding talent, like food and beverage, health care and retail,” said Liz Wilke, principal economist at Gusto. “I didn’t expect to see the magnitude of the declines in those sectors specifically.” read more