U.S. starting salaries for white collar professionals will increase an average of 3.4 percent in 2012, according to a forecast by staffing firm Robert Half International. Technology positions are projected to see the largest gains among all fields researched, with an anticipated 4.5 percent increase in base compensation. Accounting and finance professionals can expect starting salaries to rise an average of 3.5 percent, according to the research.
Stephen Miller, CEBS, is an online editor/manager for SHRM.
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Most companies keeping their salary budgets relatively tight
Reflecting uncertain economic conditions and a conservative cost management environment, U.S. employers are projecting moderate pay raises for employees in 2012. Employers do expect to fund their annual bonuses fully for workers in 2011, as corporate profits have increased, according to survey data from consultancy Towers Watson.
With the cost of employee health care benefits expected to increase in 2012 at more than twice the rate of inflation, large U.S. employers are planning to have workers share more of the cost, according to a survey by the National Business Group on Health, a nonprofit association of 329 mostly large U.S. employers.
For the first time since 1980, the U.S. rate of inflation is higher than the average total salary budget increase. During the 12-month period ending April 2011, inflation, as measured by the U.S. Consumer Price Index (CPI), was 3.2 percent. That compared to a total salary budget increase of 2.8 percent for the same period, according to the WorldatWork 2011-2010 Salary Budget Survey.
Rewards are linked to performance effectively at 89 percent of the "world's most admired companies" vs. 77 percent of their industry peers, according to the 14th annual World’s Most Admired Companies list compiled by Fortune magazine and Hay Group, a global consultancy. The most admired also are more likely to treat work/life issues as a top priority and to address differing generational needs.
Being a member of the of the working “sandwich generation”—those raising children and serving as a caregiver for older relatives—comes with a steep emotional and financial price tag. New findings from MetLife’s 8th Annual MetLife Study of Employee Benefits Trends study quantify some of the pressures and costs while pointing to the workplace as a source for assistance.
Managing remote employees effectively is the biggest concern for U.S. executives who supervise mobile workers, according to a survey by Runzheimer International, a provider of workforce mobility programs including virtual office, telecommuting and relocation services.
Employee satisfaction and competitive advantage, along with cost savings, were ranked as the top benefits gained with a mobile workforce, according to the Mobile Workforce Survey report, for which Runzheimer polled executives—director-level and above—from a range of businesses across the U.S.
An analysis of recent studies suggests that employee-controlled flexible working arrangements, such as self-scheduled work hours and telework, have a positive impact on employees' mental and physical health and their general well-being.
SAN DIEGO—A panel of high-profile senior HR executives shared their insights at the June 29, 2010 general session of the Society for Human Resource Management (SHRM) Annual Conference held here, discussing their challenges, victories and strategies as they craft the role HR plays within their organizations and industries.