Compdata Surveys & Consulting Blog

2017 Insurance Pay & Benefits Quick Facts

Posted by Megan Trau on Nov 27, 2017 10:00:00 AM

This data comes from the recently published 2017 Compensation Data Insurance pay and benefits survey results. The insurance database is a comprehensive collection of employer-reported pay practices and benefits data from 4,500 employers across the country, including 690 industry-specific and general industry job titles.

Accessible online, users can filter data by industry classification, employee size, revenues and other categories relevant to their organizations’ 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 recruiting practices.

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Topics: News, Survey Results, Compensation Data, pay increase budgets, HR, compensation, Salaries, Pay and Benefits, #Pay, Turnover, Recruiting, Recruiting Trends, Data, Benefits, Insurance

2018 Projected Pay Increase Budgets

Posted by Amy Jennings on Nov 16, 2017 4:37:38 PM

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?

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Topics: BenchmarkPro, Compensation Data, Pay Increases, Salaries, Survey Results

Not-For-Profit 2017 Pay & Benefits Quick Facts

Posted by Megan Trau on Sep 19, 2017 4:18:14 PM

With 2017 pay increase budgets stagnant at 2.6 percent, employers are experiencing a rise in voluntary turnover among their staff. With the average voluntary turnover rate reported as 13.4 percent compared to 11.2 percent four years ago, employers must rethink their strategies in recruiting and retaining an engaged workforce in today’s market.

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Topics: News, Survey Results, Compensation Data, pay increase budgets, HR, compensation, Salaries, Pay and Benefits, #Pay, Turnover, Recruiting, Recruiting Trends, Data, Benefits, Not-for-profit, Non-profit

Manufacturing & Distribution 2017 Pay & Benefits Quick Facts

Posted by Kristen Fanning on Aug 28, 2017 9:09:38 AM

With 2017 pay increase budgets stagnant at 2.9 percent, employers are experiencing a rise in voluntary turnover among their staff. With the average voluntary turnover rate reported as 9.8 percent compared to 7.9 percent three years ago, employers must rethink their strategies in recruiting and retaining an engaged workforce in today’s market.

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Topics: News, Survey Results, Compensation Data, pay increase budgets, HR, compensation, Salaries, Pay and Benefits, #Pay, Turnover, Recruiting, Recruiting Trends, Data, Benefits, Manufacturing, Manufacturing & Distribution, Distribution

Pay, Recruitment and Turnover: Trends to Know in 2017

Posted by Kristen Fanning on Jul 24, 2017 2:54:20 PM

With 2017 pay increase budgets stagnant at 2.8 percent, employers are experiencing a rise in voluntary turnover among their staff. With the average voluntary turnover rate reported as 13.5 percent compared to 10.4 percent five years ago, employers must rethink their strategies in recruiting and retaining an engaged workforce in today’s market.

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Topics: News, Survey Results, Compensation Data, pay increase budgets, HR, compensation, Salaries, Pay and Benefits, #Pay, Turnover, Recruiting, Recruiting Trends, Data, Benefits

Interesting Tidbits from the Recently Released Colleges & Universities Survey

Posted by Kristen Fanning on Jul 17, 2017 9:31:26 AM

The 2017 Compensation Data Colleges & Universities results are now available! This year’s results feature data collected from 300 higher education organizations across the country.

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Topics: News, Survey Results, Compensation Data, pay increase budgets, Cost Reduction, Hire-on Rates, HR, compensation, Salaries, Colleges, Universities, Higher Ed

Pay, Turnover and Recruitment, Oh My! 2017 Healthcare Results Now Available

Posted by Kristen Fanning on Jul 13, 2017 4:26:19 PM

The 2017 Compensation Data Healthcare results are now available! This year’s results feature data collected from 11,000 healthcare employers with more than 11 million incumbents across the country.

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Topics: News, Turnover, Recruiting, Survey Results, Compensation Data, pay increase budgets, Healthcare, HR, compensation, #Pay

2017 Projected Pay Increase Budgets

Posted by Kristen Fanning on Jul 10, 2017 2:03:53 PM

Many companies want to know how their compensation practices align with others in their industry. The 2017 projected pay increase data has been released and is outlined by industry below. View the image below and find out where your company stands in comparison.

Pay increase budgets are not yet showing significant movement.  However, with employers facing challenges to keep up with staffing needs, we may see a shift in this trend in the coming years. Four factors will force employers to focus on competitive offerings to maintain successful recruiting and retention:

  • Voluntary turnover rates are up, as consumer confidence is higher than it has been in a decade. 
  • Economists predict today's skill shortages will become increasingly prominent over the next five to ten years. 
  • Baby boomers are reaching retirement age and starting to leave the workforce.
  • Millennials are changing jobs more than prior generations.  

We're keeping an eye on salary structure adjustments. There are early indications that employers are not waiting as long to make pay range adjustments. This will eventually impact pay increase budgets as a whole.

 

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Topics: News, Survey Results, Pay Increases, pay increase budgets, compensation, Salaries

Navigating Minimum Wage Increases [Video]

Posted by Amy Jennings on Mar 21, 2017 11:13:05 AM
Here are a few tips for helping Human Resources Managers deal with minimum wage hikes.
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Topics: compensation

2017 Compensation Surveys Open [Video]

Posted by Amy Jennings on Feb 3, 2017 1:15:46 PM
The 2017 compensation surveys are now open. Here are a few tips to help you save time and have a successful submission.
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Topics: compensation

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