Download - 2014 Compensation Best Practices Report

Transcript

14,000 Positions 3000 Customers 11 Countries

250 Compensable Factors

40 Million Salary Profiles

We surveyed 4,700+

companies about…

• Economic climate

• Compensation practices

• Business practices

Key Findings

Companies have big

plans for 2014:

• Workforce expansion

• Better financial performance

• Raises

But, they have big concerns about:

• Retention

• The skills gap

• Lack of good salary data

More Learnings

What do you think you

should be called?

Performance Matters in 2014

• 54% gave performance-based pay increases

• Incentive-based bonuses were the most

common type of bonus

• Information, Media and Telecommunications

was most likely to give incentive bonuses (71%)

• 93% conduct performance reviews

Impact of government

Affordable Care Act

• 84% expect no staffing changes from the ACA

• 5% cutting back hours

• 8% will hire fewer full time workers

Fair Minimum Wage Act

• 40% are in favor of $10.10

• 30% against

• 30% unsure