HIRING AND COMPENSATION TRENDS
Transcript of HIRING AND COMPENSATION TRENDS
© 2020 Robert Half International Inc. An Equal Opportunity Employer M/F/Disability/Veterans.
HIRING AND
COMPENSATION
TRENDS
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
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
Top 3 Hiring Changes Due to COVID-19
42% 54% 42%
Conducted
remote interviews
and onboarding
Shortened the
hiring process
Advertised fully
remote jobs
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%
Windowed Work
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
Remote Work: How Often?
13%
5%
12%
16%
18%
36%0 days
1 day
2 days
3 days
4 days
5 days
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
Staffing for Business Resilience
Core TeamInterim Workers Consultants
A Larger Candidate Pool
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
Who’s Hiring Creatives
Sectors
• Healthcare
• Technology
• Manufacturing
• Insurance
• Finance
• Education
Size
• Large firms (1,000+ employees)
61%
Pivoting
resources
to improving
customer-facing
digital interfaces
56%
Changing
business models
to focus on
digital
opportunities
The Digital Experience is Key
• 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
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
Inclusion and Diversity:Good for Business
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
Admins:
Key to
Business
Continuity
Supporting Remote Teams
Administrative Skills for 2021
Cloud platforms Videoconference Research, design
and marketing
Written/verbal
communication
Hiring in…
• Healthcare
• Telemedicine
• Medical coding
and billing
• 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)
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
• 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
Cloud
computing
Robotic process
automation
AI and machine
learning
Hot Sectors in Tech
• 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
Industries That Are Hiring
• Healthcare
• Financial services
• Technology
• Government
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
Financial Staff in Times of VUCA
Volatility Uncertainty AmbiguityComplexity
• Accounting manager
• AR/AP specialist
• Controller
• Financial analyst
• Internal auditor
• Loan administrator
• Staff and senior accountant
• Payroll manager
In-Demand Positions for 2021
Corporate and Industry Accounting
Construction Government
NonprofitsManufacturing Trucking, shipping
and logistics
Public
Accounting
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
Most Commonly Offered Benefits
55%
63%
54%
59%
68% Health insurance
Life and AD&D Insurance
Paid time off
Retirement savings plan
Dental insurance
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.)
Our Salary Calculator
roberthalf.com/salary-calculator
Our online Salary Calculator makes it easy
to quickly customize salary data for your city:
✓ 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:
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Download your free copy today atroberthalf.com/salary-guide.
U.S. HIRING AND
COMPENSATION
TRENDS