With the release of BenchmarkPro 2016, we have a bounty of updated compensation and benefits data at our fingertips! Are you aware the results also contain key data points like Total Turnover Rate?
Compensation Data Manufacturing & Distribution results have been released, and, wow, talk about data! This year's results feature data from more than 28,000 employers with 22 million employees across the country! From 2016 results, check out five things happening in manufacturing and distribution compensation. How does your org stack up?
The Compensation Data Manufacturing & Distribution database is a comprehensive collection of employer-reported pay and benefits data. Accessible online, users can filter pay data by industry classification, revenue, employee size, local geographic area, and other breakouts important to their organization’s unique needs.
Find out how employers are handling critical items, such as pay increases, employee incentives and cost containment. Learn about current turnover trends and industry recruiting practices.
Compensation Data Manufacturing & Distribution is available for the following regions: Midwest, Northeast, South Central, Southeast and West. It is also available as a National Suite, giving employers the opportunity to build a customized package of compensation resources to best meet their needs.
On the importance of the 2016 compensation data results, Compdata Vice President Amy Kaminski explains, “HR professionals strive to find the perfect combination of total rewards. They are charged with creating packages capable of attracting employees, as well as driving employee satisfaction and engagement. When making such critical decisions, it is important to use accurate compensation and benefits market data. Because our data comes directly from more than 28,000 employers, you can use it to develop truly competitive packages.”
Find more information about the 2016 Compensation Data Manufacturing & Distribution results at www.compdatasurveys.com/manufacturing.
Whether you use the latest survey data as soon as it's available to make compensation decisions, or wait to apply it to a bigger project or annual reviews, here are five tips that will help you make the most of the data at your fingertips.
BenchmarkPro 2016 results have been released! It's worth noting, this year's results feature data from more than 30,000 employers with 11.9 million employees across the country! That's a lot of data - data that you can put to work for your organization. Here are five key takeaways:
The 2016 Compensation Data Colleges & Universities results are now available! This year’s results feature data collected from 342 higher education organizations with more than 460,000 incumbents across the country.
The 2016 Compensation Data Healthcare results are now available! It's worth noting, this year's results feature data from more than 10,500 healthcare employers with more than 10 million employees across the country! That's a lot of data - data that you can put to work for your organization.
Yesterday (Monday, 4/4/16), California Governor Jerry Brown and New York Governor Andrew Cuomo both signed-off on minimum wage increases for their respective states. Governor Cuomo also signed-off on a new family paid leave policy for New York state. Here are key things employers need to know about the landmark legislation:
Today is Leap Day, the quirky extra day in February that comes once every four years. To honor the occasion, Compdata looked at employer-offered benefits and how they have changed over the last four years. Analyzing data from Benefits USA 2011/2012 and Benefits USA 2015/2016, here are four notable shifts in benefits since our last leap year:
This year, National Engineers Week runs February 21-27, 2016. According to the Bureau of Labor Statistics’ Employment Projection Tool, jobs with engineer-affiliated titles are projected to grow 6.5 percent overall between 2014 and 2024. For organizations who employ engineers in categories with projected growth, now is a great time to evaluate the positions you have and assess opportunities and challenges for the future of your organization.
"Specialty areas that are projected to grow significantly over the next few years will see a lot of competition for hiring and retaining top talent," said Amy Kaminski, Vice President, for Compdata Surveys & Consulting. "By getting a pulse on current compensation trends, you can design a program that is ahead of the competition. Also, by planning for growth in a particular sector, you can really fine-tune your recruiting practices, giving you the best candidates for consideration.”
Here are three engineering job categories projected to grow by 2024, according to the Bureau of Labor Statistics, and current trends in compensation for key job titles in those categories, according to Compdata’s Engineering & High Tech Specialty Suite 2015 survey results.
Across all industries, some legal jobs are especially hot right now, seeing higher pay increases than the national average of 2.8 percent for legal services positions, according to Compdata’s 2015 Legal Services Suite survey results. Here are the top 3 Legal “hot jobs”: