Pave’s Post

Are you in the process of forecasting your staffing needs for next year or writing up a business case to support your budgets and headcount? You have a lot on your plate! You may have heard that our 2024 Salary Guide has launched! This guide is packed with valuable information that can help inform how you structure your staffing over the next year and help you in creating budgets during this busy Budget season. With so much on the go, you need action now. Check out this great article below that discusses how you can put our 2024 Salary Guide into action and get the most from the data. Are you an employer in the Guelph area looking for a copy of the Salary Guide to inform next steps? Look no further! Send me a message, and we can review it together. #randstad #staffing #budgetseason #salaryguide2024 https://lnkd.in/gjFXBnv4

Anyone should be okay to work 70Hrs a week or more . Now the only thing I would ask for is to get paid on Hourly Basis and equally paid as in the US for the same skill. If CEOs are getting lower wages for professionals working in less salary , now their expectation reaches to new heights, which can be termed as professional exploitation. When it comes to sharing profits via appraisals/bonus it never comes to employee who worked to get those rather going into pockets of ShareHolders as Dividends. Its a good way to ask for good Dividends next year ☺

How have salaries changed in 2024 compared to 2023? 💷 With the cost of living crisis and a UK general election have salaries increased? Tom Barker, Kirsten Wilson, and Frankie Walker will be hosting a webinar on September 18th, 2024. They'll be discussing our latest salary guide and: 💰 Comparing salary data in Dorset, Hampshire, and the Thames Valley 💰 Analysing salaries compared to market demand 💰 Delving into trends and benefits dominating the UK business landscape 💰 Their future predictions For further updates, watch this space and email events@vrpartners.co.uk!

📊 Just grabbed some eye-opening insights from Robert Half's 2024 salary guide! Here are the key takeaways:   1.   32% of employers are caught in a wage spiral. 2.   26% are throwing in extra bonuses to retain their talent. 3.   27% are planning pay hikes in line with inflation. 4.   Salary inadequacy tops the list of reasons (63%) for turning down a job offer.   These stats highlight a challenge for hirers - meeting rising demands. However, sustained pay increases aren't a long-term fix. It's time to get creative about attracting and retaining top talent.   🔄 Enter flexible working! While the media often spotlights companies mandating office returns, a whopping 47% of the workforce would pass on a job without work flexibility. For business leaders, it's crucial to address all facets of the employee journey, from hefty workloads to growth opportunities.   How are you navigating these trends in your workplace? 💬   https://lnkd.in/eNr2tHrb   #WorkplaceTrends #EmployeeExperience #FlexibleWorkingSolutions

how to budget employee salaries with the salary guide. At the moment, several economic events and labor market developments are unfolding, and these will inevitably have repercussions for the future. Given this backdrop, many employers cannot afford to wait and see if these trends are confirmed before taking action. Now is the time to learn how to budget your employees' salaries. https://lnkd.in/eRqaZfTE

How well do you sell your company? The data shows salaries are finally starting to settle across the board. This is great news for FM companies and margins, but now comes the challenge of differentiating your company from competitors.... If salaries are the same, what reasons are you giving potential candidates to leave their current role to join yours? A good brand alone is not enough.

Here's to see what it's like to be employed by one of Magnificent Seven companies — a group of high-performing companies in the U.S. that dominate major indexes. The table shows median employee pay in 2023 by these companies. In addition, these companies offer attractive vacation policies, stock option schemes and other benefits to their employees. --- Median salary is the middle value in a sorted list of salaries. It means that half of the workers earn less than this value, and half earn more. Here's a concise explanation: 1. List all salaries from lowest to highest. 2. Find the middle number in this list. 3. This middle number is the median salary. If there's an even number of salaries then you take the average of the two middle numbers. The median is often used instead of the average (mean) because it's less affected by extremely high or low values. This makes it a good representation of a "typical" salary in many cases. --- 𝘋𝘢𝘵𝘢 𝘧𝘰𝘳 𝘷𝘢𝘭𝘶𝘦𝘴 𝘪𝘯 𝘜𝘚𝘋 𝘤𝘰𝘭𝘭𝘦𝘤𝘵𝘦𝘥 𝘧𝘳𝘰𝘮 𝘷𝘪𝘴𝘶𝘢𝘭 𝘤𝘢𝘱𝘪𝘵𝘢𝘭𝘪𝘴𝘵.

Are salaries in your team below market average? Earlier in the week, we asked our connections whether salaries in their teams were reflective of the fluctuating market. 71% voted no which suggests that employers are not keeping up with the cost of living crisis and rising prices. If you are unsure of how salaries and benefits packages have changed in the last 12 months, download a free copy of our 2024/25 salary guide here: https://lnkd.in/eBfwPB-n #costofliving #salaryguide

The average salary for a HR director is $120k. That’s a lot to replace when starting a business. You won’t do it by charging hourly! The average working hours per year are ~2000 hours. Meaning you’d have to charge $58ph to breakeven! And you’d still… 🤦♀️ The same hours 🤦♀️ For the same paycheck 🤦♀️ Which is basically the same job And realistically, you want to earn more. To do that you’ll need to charge by value. - Prove how much value you provide a business - Focus on the outcomes you give them - Charge less than that value - Demonstrate you know what you are talking about They profit. And so do you.

We asked you whether you believe company size plays a significant role in the height of salaries, well.. When examining how company size affects median salaries, there's an apparent variation across departments. As anticipated, department heads and marketing roles command the highest median salaries in companies with more than 150 employees. However, for the remaining departments, no clear trend emerges in relation to company size. Curious about all the data & salaries? You can download the full report here: https://hubs.li/Q02bmR2r0