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”:
Our 2016 survey questionnaires are now available for Banking, BenchmarkPro, Healthcare, Hospitality, Insurance, Colleges, Manufacturing, Not-for-Profit and Utilities.
We are looking forward to partnering with you in 2016, and to help you complete the survey, we've compiled 7 survey tips for you:
With a new year upon us, many are taking a fresh look at key business metrics. One worth a look? Your turnover rate. To help provide some context regarding your organization's turnover rate, the infographic below provides total turnover rates by industry, as reported by employers in 2015.
In preparation for 2016, we're publishing 2016 projected pay increase budgets for the industries we survey.
Today, we're sharing 2016 pay increase budget projections for the Insurance industry.
Our series on 2016 projected pay increase budgets continues. We've already published 2016 projected pay increases for:
Today, we're sharing those 2016 pay increase budget projections for the Hospitality industry, and, next week, we'll release 2016 projected pay increase budgets for Insurance, Not-for-Profit and Colleges. We'll also share cross-industry numbers and trends.
With only about 3 weeks left until the new year, many organizations are gingerly balancing year-end closeouts with 2016 planning and budgets. Even if your fiscal year doesn't line-up with the calendar year, we have some information that may be helpful as 2016 approaches: projected pay increase budgets. We've been sharing this information for several industries, and, today, we give you projected 2016 pay increase budgets for the healthcare industry:
We're in the process of releasing projected 2016 pay increase budgets for several industries. Up today? Utilities! Here is what utility employers are projecting for pay increase budgets in 2016: