March 2013 Past Issues | Advertise

2013 Compensation Best Practices Report

Print Print this Article | Send to Colleague

PayScale recently released the PayScale 2013 Compensation Best Practices Report. The report is a result of an end-of-year survey on the compensation practices and trends by company size and industry. The full report will tell what's happening in your industry, company size and the market at large.

Highlights from the report:
A whopping 70 percent of small businesses — and 61 percent of large companies — expect their business performance to improve in 2013.

Companies are planning to invest in new talent to help grow their business with 15 percent more companies planning to hire in 2013 than in 2012.

The number of organizations hiring employees has consistently risen, with 2012 growth exceeding original expectations by 12 percent.

In 2012, small business wage growth increased significantly, demonstrating the little guy is competing with large companies for skilled employees.

As more companies look to hire in 2013, skilled labor is in demand. In the survey, 59 percent of respondents cited retention as a main concern, compared with 49 percent of respondents in 2012.

Obamacare is mostly a non-issue for executives, with 75 percent saying it will have little or no effect on hiring and staffing plans 

Check out PayScale's full 2013 Compensation Best Practices Report. Download your complimentary copy to learn all about compensation trends.

For now, if you would like some fun and entertainment, view the infographic with key learnings from our survey: www.payscale.com/hr/2013-compensation-practices-infographic
 
Performance Programs, Inc.
Davis, Malm, & D'Agostine,P.C.
Naylor, LLC

303 Wyman Street, Suite 285, Waltham, MA 02451-1253
www.nehra.com | 781-235-2900 (p) | 781-237-8745 (f)