There are a lot of things that go into making a job attractive to new hires.
But let’s not fool ourselves, compensation and benefits are, literally, the bottom line. As part of a comprehensive new hire checklist, Betterteam has created an infographic on the state of benefits and compensation in the U.S. for 2016. There are a few surprising numbers - did you know the U.S. ranks #1 in terms of salary? Worldwide, only 7 percent of workers are considered high income. In the U.S. we’re at 56 percent.
Other numbers are not so promising though. We’re number 1 in healthcare - when you look at cost. The small bright spot here is that growth in spending has gone down a modest 3.9 percent in recent years. We’re also bit behind, worldwide, when it comes to family leave. On the high end, Sweden offers 56 weeks of paid maternity leave, South Korea 52 weeks of paid paternity leave. The United States? We’re one of 4 countries offering 0 weeks of paid leave.
Finally, there’s the controversial gender gap. The good news? It’s closing all by itself. The bad news is that at this rate, it’ll be all fixed in 80 years. The U.S. ranks 65th for pay equality. Below, get additional stats, and a humorous view of it all with some of this year’s most prominent political figures.
Hope that infographic helped put U.S. compensation and benefits into perspective, and gave you a little chuckle too. Good luck on the quest for finding great hires!
Looking for more resources to help you with hiring? NCHRA’s got them.
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Jay Caldwell, Vice President, Talent Solutions, ADP at HR West Seattle July 15, 2016