A new guide from Robert Half breaks down the latest trends in salaries and compensation packages, including the most common benefits offered to employees.
The guides feature salary ranges for hundreds of professional occupations in the accounting, finance, technology, creative, legal and administrative support field, and also highlights midpoint (50th percentile) starting salaries for a number of positions across 10 cities. For example, the midpoint starting salary for a senior accountant in St. Louis is $74,625, versus $105,000 for the same job in San Francisco.
Another high-level chart in the report describes the most common benefits offered to employees. Robert Half surveyed 740 human resources, compensation and benefits executives in North America, and found that 95 percent offered medical insurance, the most popular benefit; followed by dental insurance (89 percent); life insurance (88 percent); vision insurance (81 percent); accidental death and dismemberment insurance (79 percent); and disability insurance (78 percent).
Mid-tier benefits include employee assistance programs (65 percent); reimbursement for tuition/professional certifications (56 percent); health care flexible spending accounts (54 percent); and dependent care flexible spending accounts (46 percent).
Further down the spectrum were wellness programs (42 percent); health savings or reimbursement accounts (41 percent); long-term care insurance (30 percent); legal services (16 percent); identity theft protection (11 percent); and pet insurance (7 percent).
The report also details the five key elements employers should highlight when recruiting: compensation, corporate culture, career path, cost of living, and commute.
“We're seeing job seekers take an increasingly holistic view when assessing whether to accept a job offer,” says Paul McDonald, senior executive director for Robert Half. “Salary is still king, but professionals are paying more attention to other factors that can affect their quality of life.
“Highly skilled professionals want assurance that the company will invest in their careers and help them keep their skills current," McDonald adds. “This is especially true in industries that are changing rapidly, like technology and finance.”