Higher Salaries 2006 May 1st, 2006
Higher salaries among key trends in 2006
Higher starting salaries, increased compensation levels for existing talent and more flexible work arrangements are among the benefits executives have to look forward to this year, according to a survey of hiring managers.
“With the economy and job market expanding at a healthy pace and the labor force tightening, the competition for skilled employees is intensifying.” said Richard Castellini, Senior Career Advisor at CareerBuilder.com, which partnered with America Online to produce the survey “Key Hiring Trends to Watch in 2006” which polled 1,300 hiring managers nationwide.
“Half of hiring managers expect to offer more generous compensation packages for new employees and three-fourths expect to increase pay for their current staffs in 2006.” Castellini said.
“The survey shows that the road to a new job will be a quick and competitive one this year. Employers are looking to make great hires, and hoping to do so quickly," added Samara Jaffe, director of AOL Careers.
A competitive year for employers looking to snatch up the best executive talent will mean increased salary offers, according to the survey
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