Improving for Many
In a recent Robert Half Management
Resources survey, 52% of professionals
surveyed said their work-life balance has
improved from three years ago.
In the survey, more than 1,000 U.S. workers
employed in office environments were asked
how their work-life balance changed from
three years ago. Almost a quarter (23%) said
it had improved significantly, 29% said it had
improved somewhat, 37% said there had
been no change, 10% said it had worsened
somewhat, and 2% said it had worsened
Asked how supportive their managers
are of their efforts to achieve work-life
balance, 54% said very supportive, 37%
said somewhat supportive, and 10% said
not at all supportive.
Workers also were asked to characterize the
example set by their manager when it comes
to work-life balance. Their responses: 31% said
it was excellent, 43% said it was good, 18% said
it was fair, and 9% said it was poor. One way
that managers can help their teams achieve
work-life balance is to work with interim
(temporary or contract) professionals.
Salaries Rise for Recent College Graduates
A recent study by the Hay Group division
of Korn Ferry shows that average salaries for
2017 grads are at an all-time high.
Researchers analyzed salaries of 145,000
entry-level positions from more than 700
employers in the U.S. and determined that
2017 college grads will make on average
$49,785 annually. That is 3% more than the
2016 average ($48,270). Adjusted for inflation, 2017 grads will make 14% more than
people who graduated in 2007 before the
start of the Great Recession.
“With unemployment rates back down to
prerecession levels and jobs requiring more
highly specialized skills, companies will need
to offer competitive compensation packages if they hope to attract top talent,” says
Benjamin Frost of Korn Ferry Hay Group.
Entry-level workers starting science, tech-
Nearly Half of Workers Considering Quitting
nology, engineering, and math careers can
expect to earn the highest starting salaries.
The five highest-paying fields according to
the analysis are software developer, with an
annual salary of $65,232 (31% above average);
engineer, $63,036 (27% above average);
actuary, $59,212 (19% above average); scien-
tist/researcher, $58,733 (18% above average);
and environmental professional, $56,660
(14% above average).
A survey from Robert Half shows that
nearly half of workers—and more than two-thirds of those age 18 to 34—are likely to
look for a new job within the next year.
More than 1,000 professionals employed
in the U.S. were asked how likely they were to
look for a new job in the
next 12 months. Only
17% said very likely, but
25% said somewhat
likely (totaling 42%); 28% said they were some-
what unlikely, and 29% said they were very
unlikely to look for a new job soon.
Asked what factors would be most likely
to cause them to quit their job, respondents
cited inadequate salary and benefits (9%),
unhappiness with management (25%), limited
opportunities for career growth or advancement (14%), boredom (10%), overwork (9%),
and lack of recognition (3%).
Yet a majority (54%) of more than 2,200
chief financial officers polled for the study said
they have no retention worries, and only 9%
are very concerned about employee turnover.
The survey also suggests that CFOs don’t
know what makes employees consider
leaving. Asked what factors would be most
likely to cause good employees to quit their
jobs, CFO respondents said limited opportunities for career growth or advancement
(27%), inadequate salary and benefits (23%),
boredom (18%), unhappiness with management (13%), overwork (10%), and lack of
recognition (8%); 2% didn’t know.
One in Four
Plans to Hire
in Q3 2017
U.S. employers expect the hiring pace to
remain positive in the third quarter of 2017,
according to the Employment Outlook Survey
from ManpowerGroup. Among 11,000 U.S.
employers surveyed, 24% said they plan
to add staff between July and September,
70% expect to keep their workforce intact,
and just 4% expect workforce reductions.
That puts the net employment outlook for
the third quarter of 2017 at +17%. It’s the 12th
consecutive quarter with an outlook of +15%
or stronger. The net employment outlook is
determined by subtracting the percentage
of employers expecting a decrease in hiring
activity from the percentage of employers
anticipating an increase in hiring activity.
INDUSTRY NEWS, TRENDS, AND RESEARCH