Salary Still King, But Quality Of Life Matters Too

Robert Half’s 2018 Salary Guides outlines factors driving job seekers' decisions in a competitive hiring market.

Any corporate relocation or expansion project is going to involve hiring new employees. With that in mind, staffing firm Robert Half’s 2018 Salary Guides may come in handy as you make your site selection decision. The report features salary ranges for hundreds of professional occupations in the accounting, finance, technology, creative, legal and administrative support fields. The company’s recruiters from across the country also weighed in on the following key drivers prompting professionals to search for — and accept — a new role: compensation, corporate culture, career path, cost of living, commute.

hiring
Click to enlarge image.

“We’re seeing job seekers take an increasingly holistic view when assessing whether to accept a job offer,” said Paul McDonald, senior executive director for Robert Half. “Salary is still king, but professionals are paying more attention to other factors that can affect their quality of life.

“Highly skilled professionals want assurance that the company will invest in their careers and help them keep their skills current,” McDonald added. “This is especially true in industries that are changing rapidly, like technology and finance.”

Here are the five key elements employers should highlight when recruiting, according to Robert Half:

  1. Compensation: Salary is vital, but be sure to also spotlight the benefits your firm offers when creating compensation packages. The Salary Guides from Robert Half contain new data on the most common benefits, incentives and perks.
  2. Corporate culture: Do people enjoy working for the company? What are your retention rates, and how often do employees refer their friends to open jobs within the company? How is the organization viewed in the industry and community? These are questions hiring managers should anticipate.
  3. Career path: Job candidates frequently ask prospective employers more detailed questions to learn about their chances for advancement within an organization. Is promoting from within the exception or the rule? Are there several potential career paths, or is there just one traditional ladder?
  4. Cost of living: Rising housing prices and other expenses weigh heavily on people considering a job change. They want to know if they can live comfortably and enjoy a good quality of life if they accept a new job.
  5. Commute: Longer commutes mean people want flexibility and jobs closer to home. Before accepting an offer, candidates often ask about flexible work schedules, commuting benefits (e.g., subsidized transportation) and telecommuting options.

The 2018 Salary Guides — along with calculators that adjust salary ranges for local markets — can be accessed online beginning September 1.

Economic Development, Featured, Quality Of Life, Site Selection Factors, Surveys, Research & Forecast Analysis, Workforce Development

Employment, Expansion, Hiring Trends, infographic, job seekers, recruitment, Robert Half, Site Selection, Survey, Workforce Development

Sponsored Content
Featured Location
Featured Video

Webinars, Podcasts & Videos

Camp Hall – A Next Generation Commerce Park in South Carolina

Camp Hall is a first-of-its-kind, master-planned industrial work space located in Charleston, S.C. As a convergence of people, place and programming, Camp Hall delivers thoughtful infrastructure and logistical features that empower people — and business — to thrive.

Hear from leaders at the Destination Medical Center and Mayo Clinic Business Development in Rochester about why they feel Minnesota is filled with opportunities for founders and why investors should consider the power of startups in Minnesota.

Business Benefits In Minnesota, a Mayo Clinic Business Development and Destination Medical Center Perspective

Hear from leaders at the Destination Medical Center and Mayo Clinic Business Development in Rochester about why they feel Minnesota is filled with opportunities for founders and why investors should consider the power of startups in Minnesota.

Agricultural Heritage Meets Strong Manufacturing Base With a rich history in agriculture, the region is now made up of a strong manufacturing base, including everything from snack foods and Gatorade, to leading human resources software and revolutionary plug-less power systems for electric vehicles. Mount Rogers Regional Partnership's strategic East Coast location is the driving force.

Virginia’s i81-i77 Crossroads | Talent Retention & Manufacturing

Learn about manufacturing jobs and facilities in the Mount Rogers region of southwest Virginia. There is ample opportunity for education and jobs in a region rich with culture and heritage.

Share to...