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Hiring in 2016: The Surprising State of Compensation and Benefits in the U.S. [Infographic]

Posted By Laurie A. Pehar Borsh, Wednesday, June 8, 2016

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.

“Compensation

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.

And don't miss: Perfecting the Pay for Performance Model

Employee compensation poses problems, both for employees and employers. With 9 out of 10 companies following some sort of employee compensation policy but only 42 percent of employees understanding their employer’s philosophy, we must improve. This session outlines the trials and errors of the journey toward perfecting a holistic, sound employee compensation model, highlighting the […] View Details

Jay Caldwell, Vice President, Talent Solutions, ADP at HR West Seattle July 15, 2016

Tags:  compensation  Employee benefits  Employee Compensation  hiring  hiring costs  HR West Seattle  new hire checklist 

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