HIRING AND COMPENSATION TRENDS

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© 2020 Robert Half International Inc. An Equal Opportunity Employer M/F/Disability/Veterans. HIRING AND COMPENSATION TRENDS

Transcript of HIRING AND COMPENSATION TRENDS

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© 2020 Robert Half International Inc. An Equal Opportunity Employer M/F/Disability/Veterans.

HIRING AND

COMPENSATION

TRENDS

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Randall Micek

Regional Vice President

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Hiring Environment

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Polling Question

What kinds of workforce challenges are you facing with regard to morale, engagement, productivity of your teams?

A. Keeping employees motivated and engaged

B. Managing WFH environment: burnout, longer hours, voluntary resignations, reduced team capacity

C. How to unplug and detach from work

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Morale Has Taken a Hit

Salaries were cut &

no plan for raises39%

Dissatisfaction with management29%

Loss of interest in company26%

47% Heavy workloads &

burnout

Employee morale

has suffered47%

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Polling Question

In general, how challenging is it for your company to find skilled candidates today?A. Very challenging

B. Somewhat challenging

C. Not at all challenging

D. Not applicable/not looking

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Top 3 Hiring Changes Due to COVID-19

42% 54% 42%

Conducted

remote interviews

and onboarding

Shortened the

hiring process

Advertised fully

remote jobs

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Workers are Rethinking Priorities

33%

want to pursue

more meaningful or

fulfilling positions

want to work for company

that values staff during

unpredictable times

60%

will prioritize personal

life over job

40%

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Windowed Work

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Remote Work

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Polling QuestionHas your company announced it will allow remote work on a more frequent basis post-pandemic?A. Yes, remote work will be allowed on a more frequent basis

B. Yes, but the amount of remote work is based on managers’ discretion

C. No, we will go back to the company’s remote work arrangements pre-pandemic

D. Not sure, they have not made an announcement yet

E. My company doesn’t allow for remote work

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Remote Work: How Often?

13%

5%

12%

16%

18%

36%0 days

1 day

2 days

3 days

4 days

5 days

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Upgraded Tech

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Soft Skills• Initiative

• Adaptability

• Problem solving

• Excellent communication

• Virtual collaboration

• Time management

• Empathy

• Maturity

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Polling Question

What is your greatest staffing challenge right now? A. Hiring skilled professionals

B. Retaining top performers

C. Improving employee morale and productivity

D. Adapting to a fully remote process

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Staffing for Business Resilience

Core TeamInterim Workers Consultants

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A Larger Candidate Pool

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2021 Salary Tables

50th

Candidate: has average experience; has

the majority of the necessary skills

Demand: Moderate

95th

Candidate: has exceptionally strong skills,

expertise and experience, often over and

above what is necessary; has specialized

certifications

Demand: Very High

75th

Candidate: has above-average

experience; has most or all of necessary

skills; may have specialized certifications

Demand: High

25th

Candidate: has little or no prior

experience in the position; still

developing relevant skills

Demand: Low

TITLE 25th 50th 75th 95th

Web Content Coordinator 41,750 50,000 55,000 67,750

Copywriter 60,250 73,000 85,250 110,500

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Who’s Hiring Creatives

Sectors

• Healthcare

• Technology

• Manufacturing

• Insurance

• Finance

• Education

Size

• Large firms (1,000+ employees)

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61%

Pivoting

resources

to improving

customer-facing

digital interfaces

56%

Changing

business models

to focus on

digital

opportunities

The Digital Experience is Key

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• Marketing automation and demand

generation software

• CRM systems

• SEO/SEM tools

• E-commerce platforms

• UX/UI design

• Front-end web development

• AI and machine learning

• Content strategy and copywriting

In-Demand Creative

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Emerging Creative Jobs

• Chatbot designer/script writer

• Inclusion and diversity communication specialist

• Immersive technology designer

• Growth/performance marketer

• Online reputation manager

• Service designer

• Virtual event director

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Inclusion and Diversity:Good for Business

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2021 Salary Tables

50th

Candidate: has average experience; has

the majority of the necessary skills

Demand: Moderate

95th

Candidate: has exceptionally strong skills,

expertise and experience, often over and

above what is necessary; has specialized

certifications

Demand: Very High

75th

Candidate: has above-average

experience; has most or all of necessary

skills; may have specialized certifications

Demand: High

25th

Candidate: has little or no prior

experience in the position; still

developing relevant skills

Demand: Low

TITLE 25th 50th 75th 95th

Office/Facilities Coordinator/Assistant 30,250 34,750 40,250 43,500

Office Clerk 26,250 27,750 30,250 36,000

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Admins:

Key to

Business

Continuity

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Supporting Remote Teams

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Administrative Skills for 2021

Cloud platforms Videoconference Research, design

and marketing

Written/verbal

communication

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Hiring in…

• Healthcare

• Telemedicine

• Medical coding

and billing

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• Patient services specialist

• Claims processors

• Medical executive assistant

• Call center and customer service

representative/manager

• Executive assistant

• Human resources specialist

• Data entry specialist

• Mortgage assistant

• Receptionist

In-Demand Administrative Positions(Remote or In-Office)

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2021 Salary Tables

50th

Candidate: has average experience; has

the majority of the necessary skills

Demand: Moderate

95th

Candidate: has exceptionally strong skills,

expertise and experience, often over and

above what is necessary; has specialized

certifications

Demand: Very High

75th

Candidate: has above-average

experience; has most or all of necessary

skills; may have specialized certifications

Demand: High

25th

Candidate: has little or no prior

experience in the position; still

developing relevant skills

Demand: Low

TITLE 25th 50th 75th 95th

DevOps Engineer 97,000 120,000 143,000 184,750

CRM Technical Developer 93,500 111,500 133,500 156,000

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• Software developers

• Extended reality (XR)

developers and network

engineers

• DevOps engineers

• Help desk, user support and

system administration staff

• Data security experts

IT: Making Today’s Businesses Possible

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Cloud

computing

Robotic process

automation

AI and machine

learning

Hot Sectors in Tech

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• Agile and Scrum

• Cloud tools

• Containerization

• Programming languages

• Scripting languages

• ITIL

• React Native and ReactJS

• Ruby on Rails

• SQL

• Extended Reality (VR, AR,

MR)

Most-Wanted IT Skills and Expertise

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Industries That Are Hiring

• Healthcare

• Financial services

• Technology

• Government

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2021 Salary Tables

50th

Candidate: has average experience; has

the majority of the necessary skills

Demand: Moderate

95th

Candidate: has exceptionally strong skills,

expertise and experience, often over and

above what is necessary; has specialized

certifications

Demand: Very High

75th

Candidate: has above-average

experience; has most or all of necessary

skills; may have specialized certifications

Demand: High

25th

Candidate: has little or no prior

experience in the position; still

developing relevant skills

Demand: Low

TITLE 25th 50th 75th 95th

Property Accountant 48,500 58,250 70,000 86,000

Credit Manager/Supervisor 59,500 73,250 87,500 116,500

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Financial Staff in Times of VUCA

Volatility Uncertainty AmbiguityComplexity

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• Accounting manager

• AR/AP specialist

• Controller

• Financial analyst

• Internal auditor

• Loan administrator

• Staff and senior accountant

• Payroll manager

In-Demand Positions for 2021

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Corporate and Industry Accounting

Construction Government

NonprofitsManufacturing Trucking, shipping

and logistics

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Public

Accounting

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Financial

Services

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Polling Question

Has your company added new benefits or perks since the beginning of the COVID-19 pandemic?A. YES

B. NO

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Most Commonly Offered Benefits

55%

63%

54%

59%

68% Health insurance

Life and AD&D Insurance

Paid time off

Retirement savings plan

Dental insurance

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44%Remote work options

(separate from stay-

at-home orders)

33%Paid parental

leave

46%Flexible work

schedule

The Most-Offered Perks

26%Employee discounts

(e.g., auto, home,

electronics, etc.)

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Our Salary Calculator

roberthalf.com/salary-calculator

Our online Salary Calculator makes it easy

to quickly customize salary data for your city:

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✓ Customize salary for experience

level

✓ Offer remote-friendly perks and

health extras

✓ Create a virtual or hybrid

onboarding process

✓ Consider a flexible staffing model

for business resilience

Checklist for Hiring and Retention:

48

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Download your free copy today atroberthalf.com/salary-guide.

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