Compensation Trends You Can’t Ignore!
Compensation continues to be a hot topic in hiring. Employers like you strive to entice top talent with incentives that range from flexible scheduling to lucrative signing bonuses. As a hiring manager, are you offering the right incentives to lure candidates away from the competition? If you’re a job seeker looking to make a change, are you asking for less than your actual market value?
Whether you are a job seeker or an employer looking to build your team, here are some compensation trends you need to know:
- In 2018, the number of job openings surpassed the number of unemployed and the unemployment rate his a low of 3.7%!
- Hiring managers are snatching up highly killed talent even if they don’t currently have an open position!
- Specific industries are paying a premium for high-demand skill sets
- Top performers are commanding a 15-25% pay increase when changing jobs
These are only a few of the compensation trends we are seeing each and every day….