2012 Trends in Compensation and the PayScale Compensation Best Practices Report
By Tim Low, PayScale.com Today we released the PayScale 2012 Compensation Best Practices Report. The report is a result of our end of year study on the compensation practices of small, medium and large companies. We also asked some questions about the changing world of work, the use of social media at work and for work, as well as some additional questions on technology use in HR.
Report highlights include:
- The bleeding is stopping. In 2011, only 14 percent of companies said they had decreased in size compared to 2009, when 41 percent said they had gotten smaller.
- Employers are worried about retention. The majority of respondents (50%) felt employee retention was a top concern in 2011.
- Technology and media lead the way. Companies in the information, media & telecommunications space were most likely to boost organization size over the last year: 57%. In a close second was transportation & warehousing/storage at 55 percent.
There is plenty more compensation and management information in the full report. You can download a complimentary copy.
For now, if you would like some fun and entertainment, click on the image below to see the infographic we created with key learnings from our survey. You’ll get to know what’s happening in your industry, company size and the market at large.
See the full infographic.
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