The new year is fast approaching and the job market continues to be very competitive. Are you prepared with the data you need to make informed compensation decisions?
The average total turnover rate reported across industries by employers in 2015 is relatively flat at 16.4 percent, according to Compdata Surveys’ national survey, BenchmarkPro, surveying 28,000 organizations. In 2014, total turnover rate was reported at 15.7 percent. When it comes to the 48-continental United States, here is the 2015 turnover rate by region:
Kansas City, Kan. – Wednesday is Administrative Professionals Day® and administrative assistants and secretaries across the country are being delivered cards, flowers and treated to lunch in appreciation for the services they provide. In addition to the gestures bestowed on this increasingly valuable group of employees, many have also enjoyed increasing salaries over the past year. The Compdata Surveys 2012 BenchmarkPro survey results found executive assistants earn an average base salary of $54,500, up 5.6 percent from 2011.
Kansas City, Kan. – The average pay increase budget projected for organizations in 2013 is 2.8 percent, up slightly from 2.7 percent reported in 2012 according Compdata Surveys 2012 BenchmarkPro survey results. Pay range adjustments aren't expected to show much improvement either as more than three-quarters of organizations have a formal pay structure with pay ranges in place that have or will be adjusted in 2012. The average pay range adjustment reported in 2012 was 1.9 percent, up from 1.7 percent reported in 2011 and 1.6 percent reported in 2010. Pay range adjustments are projected to remain stable in 2013 at 1.9 percent.
Kansas City, Kan. – As the job market slowly continues to open up, more employers are seeking ways to attract and retain the most valuable talent, and many are looking to rewards systems to facilitate this process. The Compdata Surveys BenchmarkPro 2012 survey results found 82.8 percent of employers offer merit increases as one of the many systems used to reward employees. The average merit increase budget reported for 2012 was 2.7 percent, with 2.8 percent projected for 2013.
Original Article: Recruiter.com
Kansas City, Kan. – As the national unemployment rate continues to teeter at just over eight percent, turnover rates are beginning to inch up. The average total turnover rate reported for employers from 2011 was 15.2 percent, according to Compdata Surveys BenchmarkPro 2012 survey results. That's up slightly from 14.4 percent reported a year ago. Voluntary turnover rates were reported at 9.8 percent, up from 9.1 percent reported last year.
Original Article: TLNT.com
Kansas City, Kan. - According to the International Association of Administrative Professionals' Web site, April 25, 2012 marks the 60th anniversary of Administrative Professionals Day®. Salaries for administrative professionals remained stagnate between 2009 and 2010, as companies worked to regain financial stability following the recession. Now, many salaries appear to be on the rise. The 2011 BenchmarkPro survey results found executive assistants earn an average base rate of $51,600 per year. That's up from $50,200 in 2010.
Although turnover rates have been slowly decreasing over the past few years, more and more employers are utilizing post-employment practices. According to the 2011 BenchmarkPro results, more than 60 percent of organizations have a severance policy. This is up from 55.2 just two years ago and 58.8 percent in 2010.