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.
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”:
Kansas City, Kan. – As the national unemployment rate continues to drop slowly, turnover rates are inching up in most industries. However, the average total turnover rate reported for higher education employers in 2015 is relatively flat at 12.8 percent, according to Compdata Surveys’ national survey, Compensation Data Colleges & Universities, surveying 338 higher education organizations. In 2014, turnover rate was reported at 12.5 percent.
Kansas City, Kan. – As the national unemployment rate continues to drop slowly, turnover rates are inching up. The average total turnover rate reported for healthcare employers in 2015 is 19.2 percent, according to Compdata Surveys’ national survey, Compensation Data Healthcare, surveying 10,250 healthcare facilities. That’s up from 17.7 percent reported in 2014. The average voluntary turnover rate also increased this year, at 14.4 percent in 2015, up from 13.1 percent the previous year.
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.
Technology and the economy have evolved the recruiting landscape for the insurance industry. Based on the 2012 Compensation Data Insurance survey results, more companies are switching to digital methods when recruiting employees. It should come as no surprise that the number of employers using newspaper advertising decreased from 54 percent to 36.5 percent since 2011. The use of job fairs also fell from 63.2 percent to 54.8. In contrast, advertising on the internet has remained steady over the past couple years at an average of 85 percent. Social media is a recently popular recruitment tactic, with 44.3 percent of participants using this method in 2012.
Technology and the economy have changed the recruiting landscape for the not-for-profit industry. Based on the 2011 Compensation Data Not-For-Profit survey results, fewer companies are using cash options as a recruitment tactic in the midst of a struggling economy. From 2009 to 2011, employers offering increasing start rates decreased from 19.5 percent to 12.5 percent.
Technology and the economy have changed the recruiting landscape for the manufacturing and distribution industry. Based on the 2011 Compensation Data Manufacturing & Distribution survey results, more companies are using cash options as a recruitment tactic in the midst of a struggling economy. From 2010 to 2011, employers offering raises more frequently during the first year increased from 11.2 percent to 12.8 percent.