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Tim Low, VP Marketing
www.payscale.com
14,000 Positions 3000 Customers 11 Countries
250 Compensable Factors40 Million Salary Profiles
We surveyed 5,530 companies
Big Plans
Better financial performance
Adding Staff
Giving raises
Skill gap makes for stiff competition
Retaining top performers
Lacking confidence around compensation conversations
Big Concerns
Workforce Growth
in Information, Media and Telecommunications companies grew
Small companies are more likely to grow 25% or more
65%
Financial Performance Expectations
of employers expect their financial performance to improve
of employers in Information, Media, and Telecommunications are optimistic
73%
80%
Raisesof employers plan to give raises in 2015
say performance-based pay increases main driver for 2014 pay raises
reported giving COLAs as primary reason of pay raises
of companies have increased their bonus budget for 2015
89%
52%
21%
57%
Retention is still a major Concern
Skills Gaps & hard to fill roles
of employers report lack of qualified applicants
reported having an open position for 6 months or longer
of large companies paying more for competitive jobs. Small companies less likely at 56%
of large companies reported positions open for 6 months or longer
51%
35%
49%
65%
How do you feel about your comp? where do you get your data?
of employers reported using online salary data. Of this, 38% pay for the data
of employers adjusted their compensation structure within last 12 months
of respondents typically perform market and compensation analysis annually or semi-annually
60%
75%
53%
Comp trends
said HR should not report to Finance
of large companies more likely to either have a transparent wage policy or to be working on one
More than ½ of employers chose the CEO to be responsible for setting compensation budgets in 2015
64%
47%
Generational Shift
More than 50 percent of employers don’t expect to change their compensation
strategies to accommodate Millennials
Despite predictions of the impending Boomer mass exodus, retirement accounted for only 6 percent of all terminations in
2014
Check out the CBPR
View interactive charts and download the report www.payscale.com/cbpr