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Companies concerned about recruiting, retaining highly skilled workers
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U.S. starting salaries for professional occupations are
projected to increase an average of
3.7 percent in 2014, according to placement firm Robert Half International. Technology positions are expected to see the largest gains among all fields researched, with an anticipated
5.6 percent increase in the average salary for those newly hired.
In comparison, average
base-pay increases for 2014 are expected to remain at
3 percent for the second year in a row, according toconsensus forecasts. The
Survey of Professional Forecasters puts the Consumer Price Index increase at just
2.1 percent next year, with a projected national unemployment rate of slightly above
7 percent restraining labor inflation.
Yet despite only a modest expansion in new jobs, unemployment rates for professionals are significantly under the national average (see box). “Many hiring managers are encountering difficulty finding professionals with the specialized skills they need to achieve their growth goals,” said Paul McDonald, Robert Half senior executive director, to
SHRM Online. “Companies are growing more concerned about both recruiting and retaining highly skilled individuals. Employers may lose out if they wait too long to make an offer once they identify a strong candidate.”
Below are Robert Half's
starting salary forecasts for 2014.
the guides is based on job searches, negotiations and placements by staffing and recruiting managers, as well as on Robert Half's ongoing surveys of executives. The guides include local variances for adjusting national salary ranges for more than 135 U.S. cities.
Unemployment Rates for Specialized Roles
For those with professional skills, unemployment rates are far below the overall rate of 7.2 percent, according to an October 2013 report by the U.S. Bureau of Labor Statistics.
HR• Compensation, benefits and job-analysis specialists: 1.3 percent.•
Human resource managers: 4.4 percent.•
Training and development specialists: 2.4 percent.•
HR assistants except payroll and timekeeping: 6.1 percent.•
Compensation and benefits managers: 3.4 percent.
Compliance officers: 5.7 percent.•
Accountants and auditors: 3.2 percent.•
Financial analysts: 2.5 percent.
First-line supervisors of admin support workers: 3.8 percent.•
Secretaries and administrative assistants: 6.2 percent.
Medical records and health information technicians 4.0 percent.
Lawyers: 2.5 percent.•
Paralegals and legal assistants: 5.2 percent.
Computer network architects: 1.7 percent.•
Software developers, applications and systems: 2.4 percent.•
Database administrators: 3.6 percent.
Public relations specialists: 2.8 percent.•
Market research analysts and marketing specialists: 0.9 percent.•
Editors: 4.7 percent.
Source: U.S. Bureau of Labor Statistics via Robert Half International.
is an online editor/manager for SHRM.
Related SHRM Articles:
SHRM Online Compensation Page
Salary Survey Directory
Compensation Data Center
Metro Economic Outlook reports
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