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Organizations must regularly benchmark their compensation packages against industry standards to remain attractive to potential employees. Key Considerations Competitive Salary Structures: Ensuring that salary structures are competitive is crucial for talent acquisition and retention.
2025 is fast shaping up to be a crucial year for the professional services industry. Each year, we sponsor the SPI Professional Services Maturity Benchmark Report , a comprehensive survey of thousands of professional services organizations. This is clearly borne out by this year’s 2025 Professional Services Maturity Benchmark.
Now is the time for staffers, HR professionals, and businesses across industries to take a strategic step back and envision the best path forward to move into the future of hiring. As you’ll discover, the findings of our report speak as much to the future as they do to the current state of hiring across industries and geographies.
Top Takeaways from Cisive’s Healthcare Talent Screening Benchmark Report Apr. Cisive, PreCheck’s parent company, conducted an industrybenchmark study that asked human resources, talent acquisition, compliance, recruitment, and operations professionals in the healthcare industry how their policies and procedures changed as a result.
Speaker: Kevin W. Grossman, TAS, HCS | Talent Board and the Candidate Experience (CandE) Awards President
Whatever the world looks like, Talent Board's candidate experience research shows that maintaining a quality candidate experience is difficult for companies large and small across industries year after year. However, the fundamentals of a good recruiting process and a good candidate experience remain constant.
We wanted to better understand the mindset of the average hiring professional, so we collected responses from more than 500 individuals from across industries to check their level of optimism surrounding their prospects for the coming year. We’ll just have to wait and see if this optimism for 2023 is well-placed or ill-founded.
A compensation analysis is essentially a comparison of your company’s salary and benefits packages with those of other businesses in your area or industry. . This data may be compared with similar businesses in your industry or region. There are several benchmarks that are used to analyze data between roles and companies.
Over the past few years, and especially last year, we saw the healthcare industry grapple with both new and ongoing challenges impacting the workforce. To help kickstart your hiring strategies as we continue moving into 2023, we’ve pulled together Sterling’s top 5 healthcare background check and hiring blog posts from 2022.
Fun fact : The number of jobs listed on the LinkedIn platform that omit degree requirements has increased 36% between 2019 and 2022. Keeping up with industry trends to anticipate the skills in demand. Your recruitment team must research industry salary standards and adjust for location, skill level, and demand.
Over the past few years, there has been a seismic shift in the recruitment industry, especially since Covid-19. There are multiple recruitment software available that is used in the recruitment industry to automate the entire manual work in one click. It is the easiest way to reach Millennials and Gen Z in today’s world.
The US Department of Labor notes that the percentage of private industry workers with access to flexible healthcare spending accounts increased from 36% in 2012 to 43% in 2021. These averages show the evolving standards in PTO offerings and can be a helpful benchmarking tool. This change will go into effect January 2025.
In fact, according to Zywave’s 2022 Attraction and Retention Benchmarking Overview, finding and keeping great employees is considered one of the top-five problems by 75% of businesses surveyed. This number will vary depending on the industry, department, and role, but it’s a good baseline to work with.
Our dedicated engineers and team members work around the globe, and with our industry-leading response time to resolve software critical issues for our thousands of clients, they take turns with their designated “Fabulous Friday” dates. We always evaluate our attrition rate and industrybenchmarks,” says Ravin.
Start by conducting a comprehensive market analysis to understand current salary benchmarks and industry standards. If your company’s salary ranges or compensation practices are outdated or misguided, there are several steps you can take to realign them with current best practices.
LinkedIn outlines, “While overall hiring slowed globally between February 2022 and February 2023, job postings requiring at least one green skill have grown by a median of 15.2% The post Green Jobs 101: How The Sustainability Industries Are Bucking Job Trends appeared first on Celarity. over the same period.
As businesses across industries continue to navigate a rapidly-evolving hiring landscape, the challenges facing HR professionals seem more pronounced than ever. Earlier this year, Sterling conducted a comprehensive industry survey to gain a better understanding of recent hiring and background screening challenges.
Further, revisions for job gains in July and August have escalated to a combined 119,000, propelling each month over the 200,000 benchmarks. Bureau of Labor Statistics (January 2022–September 2023) Job openings continue to outpace hires, with 9.6 This marks the highest jump since the beginning of the year.
Date: Tuesday, April 19, 2022. Join us for a comprehensive overview of our global employee survey benchmarks and as we reveal the major insights we are seeing in our recent data. Time: 1:00pm Eastern / 10:00 am Pacific. Presenters: Charles Rogel, VP of Consulting, Decisionwise; David Long, COO, DecisionWise. Cost: Free.
Bureau of Labor Statistics (January 2022–September 2023) reveal that job openings continue to outpace hires, with 9.6 This increase from July suggests a return to the high post-pandemic numbers witnessed in 2021 and 2022. Jobs Available: Data sourced from the U.S. million total non-farm openings reported.
Scholarships: More and more employers, especially in the Healthcare industry, are now offering one-time or renewable Scholarships in conjunction with Educational benefits to employees and their dependents. Our Clients have been early adopters of the solutions that the rest of the industry is now leaning toward. Think Edcor.
Subscribe for insurance and industry tips, tricks, and more Email Sign Up What’s going on? While premiums were down year-over-year in 2024, Embrokers Benchmarking Report highlights how premiums are impacted based on the various growth stages of a company, underscoring how risk changes as a business grows. Whats going on?
Each year, Criteria conducts a survey of hiring professionals from all industries to better understand how they are attracting, hiring, and retaining their workforce and the hiring trends that shape the talent landscape. The post Just Released: The 2022 Hiring Benchmark Report appeared first on Criteria Corp Blog - Pre-Employment Testing.
10 workplaces with the best parental leave policies Here are our top 10 Best Workplaces for Parents in 2022: 1. Cisco This large-sized company has its headquarters in San Jose, California, and hit the number one spot on the Best Workplaces for Parents™ List 2022 for the amount of paid parental leave the company offers their employees.
Compensation Analysis & Salary Benchmarking: Ensure competitive, compliant pay structures that align with market standards. HR Support for Life Sciences & Regulated Industries: MP provides tailored HR guidance for biotech, healthcare, and technology sectors.
Based on a 2022 Deloitte survey, 89 percent of executives say skills are becoming important for the way organizations are defining work, deploying talent, managing careers, and valuing employees. Where do the skills gaps exist between the current and projected workforce needs?
More than 1,300 participants across 205 teams participated in the 2022 event, competing for three grand prizes. Before rounding up your employees for your own bagging competition, consider what skills might make more sense for employees in your industry.
Originating in Australia in 2003 and expanding its operations to Dubai in 2004, this recruitment company boasts nearly two decades of industry expertise, establishing itself as a well-respected and trusted name in the field. Extensive recruitment expertise spanning all industry sectors and levels, including the labor market.
How organizations are going to use this increased HR budget varies a bit from one industry to another, but the 2021 Hiring Benchmark Report highlights some common trends. These increased budgets should help HR professionals navigate the choppy waters of the 2022 labor market and set organizations up for hiring success in the long-term.
Resource Download: 2022 Benefits Benchmark Report. Learn how much that number has changed as well as statistics regarding benefits offerings, costs and employee engagement trends in our 2022 Benefits Benchmark Report. Download our report now to stay on top of key OE benchmarks and our predictions for this year. ?.
2022 Benefits Benchmark Report Sneak Peek. Our annual Benchmark Report is right around the corner and now is your chance to get a sneak peek of this year’s highlights. Now, we’re breaking down what it means for HR and Benefits Leaders, and how you can use it to shape your 2022 benefits strategy. Register Now.
The talent market has been ghost pepper hot ever since Covid hit in Q2 2022 — peaking in 2021 with nearly 3X the number of leadership searches compared to Q2 2020. Many industry experts see this as a silver lining of the market downturn as they believe it will be easier to place talent. Executive Compensation Trends & Benchmarks.
Pay raises are particularly important going into 2022 as turnover rates continue to soar. Compensation benchmarking. Compensation benchmarking involves researching trends and averages for your region and industry and comparing them to your organization’s compensation data. Pay adjustments for minimum wage.
2022 and 2023 have been years of transformation for sales forces across multiple verticals, in areas ranging from retail productivity to corporate communications. Industries like retail were faced with associate churn, flagging retail productivity, and under-delivery on earnings expectations.
What’s your biggest 2022 HR challenge that you’d like to resolve. While the decision of how much PTO to offer is up to you, it’s a smart idea to benchmark other businesses in your industry, especially your competitors. it’s a smart idea to benchmark other businesses in your industry, especially your competitors.
Dave Long, COO, and Charles Rogel, VP of consulting just gave a special webinar featuring a comprehensive overview of employee survey benchmarks looking specifically at trends and comparisons in the credit union industry. Take a look if you missed it! WATCH HERE. HR News Roundup. Roberta Matuson makes an interesting argument.
Twenty-five years ago, Nickle LaMoreaux landed an HR internship position at IBM while studying industrial relations at Cornell University; the following year, she was offered a role as a recruiting and talent manager. ” However, it’s not a profession she originally had in her sights. “I Everybody lifts up.
Tidbits Are benchmarks actually helpful? We are excited to share that the 2022 results are in and have been published! WATCH HERE Featured Discussion: Nine Issues to Consider When Using Benchmarks Introduction In our business, we process a lot of surveys and assessments. 3 Benchmarks focus only on the visible spectrum.
Here are Cisive’s top 10 US talent management & employment screening blogs from 2022. In our recent benchmark report, Cisive Insights: Talent Screening Trends 2021 , Cisive asked survey participants if their organization recruits internationally, and the majority (just over 75%) do. Click here to read the full article.
In 2022 we saw leadership hiring draw a rapid decline, in stark contrast to the previous boom year. Across nearly all the asset classes we track, CEO and CFO functions saw either YoY or QoQ growth in Q4 2022: a sign that companies are searching for different types of skill sets at a critical juncture. That’s taking longer.
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6 Must-Know Stats from Our 2022 Benefits Benchmark Report. March 16, 2022. We’ve scoured over 200 million benefit elections in our system and analyzed real user behavior and data to bring you our 4th annual Benefits Benchmark Report. 6 Must-Know Stats from Our 2022 Benefits Benchmark Report. Kahley Czupek.
With its strategic location, tax-free environment, and ambitious economic vision, the country has become a magnet for skilled professionals across various industries. In 2022, about 42 per cent of workers in the UAE indicated that they would reconsider their employment if their company did not continue to offer long-term remote work options.
By: Brittany Dian-Hansell On Friday, March 31, 2023, the Office of Federal Contract Compliance Programs ( OFCCP ) updated the Vietnam Era Veterans' Readjustment Assistance Act (VEVRAA) hiring benchmark to 5.4 percent in 2022. percent, slightly down from 5.5
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