Our December 2023 update has a few noteworthy changes from the third report we issued. Overall, professional contentment has continued to rise, now with 90% of respondents rating their satisfaction at either a 4 or a 5. Jobs have gone down a bit (this tracks with our seasonal fluctuation). More of our employees are using our medical insurance offerings (up to 74% vs 63% six months ago), which is connected to the increase in full-time employees vs part-time (full-time employees are 74% of the team, up from 67% last update). Interestingly, we had a big increase in respondents saying they wish they were working more hours with Steyer. More of our team are classified as 1099 contractors this go-round (which makes sense given the growth of our managed work practice, now more than half of our revenue annually). Our average W-2 pay rate is about the same, down by only 21 cents.
In June, we shared that we were making some headway on rebuilding our total number of available jobs after painful industry-wide cuts in both headcount and budget in late 2022. Those jobs are still paying roughly the same amount, and approximately the same number of our employees are working the number of hours they want to be. This update shows an increase from December 2022 in professional belonging among our employees and roughly the same percentage of employees ranking their professional contentment at a 4 or 5.
Our good jobs mission remains essential, and—arguably—more urgent than ever as generative AI changes the landscape of content creation with each passing day. More to come on that front as Steyer adapts to and explores this new territory. Thank you for following along on our journey, and as always, I am happy to speak with any of you about these numbers and/or our mission. You can reach me at firstname.lastname@example.org.