hiring managers: too little pay could cost you
new randstad US report reveals 2017 salaries have increased by an average of three percent for jobs across many fields and industries
ATLANTA – February 21, 2017 –The low unemployment rate, coupled with a looming labor shortage, has resulted in organizations having to work much harder to attract and retain top talent. In its annual 2017 Salary Guides, Randstad US, one of the largest HR services and staffing companies in the United States, provides job seekers with insight into how their compensation stacks up with others and helps employers assess their pay rates against competitors in their markets. The new report reveals that workers can anticipate an average pay increase of three percent in 2017.
According to previous research conducted by Randstad, across generations, gender and education levels, salary and benefits were cited as the most important factors when choosing an employer. The 2017 Salary Guides provide useful information for both job seekers and employers who are interested in data about current salary trends. The Salary Guides highlight compensation information for in-demand roles and skill sets, and take into consideration the impact geographic locations may have.
“Given the low unemployment rate and wage pressures employers are facing, it is becoming increasingly difficult for hiring managers to fill open positions,” said Jim Link, chief human resources officer, Randstad North America. “It’s become a candidate-driven market again, and job seekers have more tools at their fingertips than ever to determine if they are getting paid what they’re worth. As a result, knowing the market average for specific positions, as well as nearby geographies, is critical information to help candidates and employers ensure they receive or make the most competitive offers.”
Randstad’s Salary Guides include salary ranges for the most popular positions within engineering, finance and accounting, human resources, information technology, life sciences, manufacturing and logistics and office and administration.
A sample of what you will find in the Randstad’s 2017 Salary Guides includes:
Philadelphia, PA | 10 years of experience
| Finance and Accounting
$69,980 - $86,100
Baltimore, MD | large company
| Human Resources (HR)
$79,898 - $100,940
New York, NY | professional services industry
| Information Technology (IT)
Atlanta, GA | 10 years of experience
$54,492 - $66,251
Minneapolis, MN | 5 years of experience
| Life Sciences
|Clinical Study Manager
Chicago, IL | 5 years of experience
|Manufacturing and Logistics
|Warehouse Materials Handler
$15.66 - $18.84/hour
Ontario/Riverside, CA | 5 years of experience
| Non-Clinical Healthcare
Medical Billing Clerk
$16.05 - $18.77/hour
Nashville, TN | 6 years of experience
|Office and Administration
$28.94 - $36.15/hour
Miami, FL | 7 years of experience
| Sales and Marketing
$89,615 - $114,846
San Francisco, CA | large company
About Randstad’s Salary Guides
Every year, Randstad US publishes its Salary Guides highlighting compensation information across many fields and industries in key geographic markets. Randstad’s list for 2017 includes jobs in engineering, finance and accounting, human resources, information technology, life sciences, manufacturing and logistics and office and administration.
Salaries in specific regions may vary based upon local market conditions and position-specific requirements such as experience levels, professional certifications or certain software knowledge. In addition, the salary data has been drawn from multiple industries and may not accurately portray a company’s specific situation.
The salary data is a combination of proprietary Randstad information and data provided by Economic Research Institute (ERI), a widely known resource of robust job competency, cost-of-living, executive compensation and salary surveys.
Randstad US is a wholly owned subsidiary of Randstad Holding nv, a $24.5 billion global provider of HR services. As one of the largest staffing organizations in the United States, Randstad provides temporary, temporary-to-hire and permanent placement services each week to over 100,000 people through its network of more than 900 branches and client-dedicated locations.
Employing 5,300 recruiting experts, the company is a top provider of outsourcing, staffing, consulting and workforce solutions within the areas of engineering, finance and accounting, healthcare, human resources, IT, legal, life sciences, manufacturing and logistics, office and administration and sales and marketing. Learn more at www.randstadusa.com and access Randstad’s panoramic U.S. thought leadership knowledge center through its Workforce360 site that offers valuable insight into the latest economic indicators and HR trends shaping the world of work.