Article Posted Tuesday September 8, 2020


Compensation Trends Amid COVID-19

Employers have a growing list of concerns lately, including losing their top performers, new research from a global staffing firm shows this development. A majority of senior managers surveyed (82 per cent) said they are worried about their company's ability to retain valued staff, with 34 per cent being very worried. Of those respondents, 41 per cent attribute their concern to salary reductions or planned salary freezes for the near future.

• 82 per cent of senior managers worry about losing top talent; of those
• 41 per cent say salary reductions and planned salary freezes are to blame
• 75 per cent of companies have maintained or upped pay for new hires since the pandemic began
• 24 per cent of employers are more likely to negotiate compensation with candidates now versus a year ago

The research comes in conjunction with the release of the Robert Half 2021 Salary Guides, which provide starting salary ranges for nearly 400 positions in the administrative, creative, accounting, legal and technology support fields.

Click on the below icon to download your 2021 Salary Guide.

administrative, creative, accounting, legal and technology

Source Robert Half


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ISSN 0824-45
Copyright, 2020

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