Payroll
Salaries on the Rise According to New Study
This is great news for workers, but it puts pressure on employers, many of whom are finding that aligning pay with the overall market is no longer enough to attract top talent.
Mar. 13, 2018
Show me the money! A new report suggests job seekers have a little more heft when it comes to their salaries. Continuing a recent trend, the most recent analysis in Randstad’s U.S. Salary Guides show that salaries have risen an average of three percent across many fields and industries.
This is great news for workers, but it puts pressure on employers, many of whom are finding that aligning pay with the overall market is no longer enough to attract top talent.
Paying employees a competitive salary has never been more important than it is today, said Jim Link, chief human resources officer at Randstad North America. Organizations benefiting from the recently reduced corporate tax rate should take advantage and look to invest in their workforce since today’s tight labor market means employers risk losing both current and prospective talent if they don’t pay according to job seekers’ expectations.
Randstad’s Salary Guides include pay ranges for common job titles or positions within engineering, finance and accounting, clinical and non-clinical healthcare, human resources, information technology, life sciences, manufacturing and logistics and office and administration.
A sample of what you’ll find in Randstad’s 2018 Salary Guides includes:
Engineering
Validation Engineer
$125,233
Northeast | senior-level
Finance and accounting
Financial Analysts
$65,015 – $75,090
Baltimore, MD | large company
Healthcare
Medical Assistant
$21.52/hour
midwest | expert
Non-clinical healthcare
Medical Receptionists
$14.51 – $17.71/hour
Houston, TX | 5 years of experience
Human resources
HR Generalist
$65,616 – $87,472
New York, NY | professional services industry
Information technology
Machine Learning Engineer
$114,722
Atlanta, GA | mid-level
Life sciences
Drug Safety Associates
$125,000
Chicago, IL | average mid-range salary
Manufacturing and logistics
Maintenance Mechanics
$25.70 – $29.97/hour
Ontario/Riverside, CA | 6 years of experience
Office and administration
Executive Assistants
$30.82 – $38.57/hour
Miami, FL | 7 years of experience
Download Randstad’s 2018 Salary Guides for engineering, finance and accounting, clinical and non-clinical healthcare, human resources, information technology, life sciences, manufacturing and logistics and office and administration.
Every year, Randstad US publishes its Salary Guides highlighting compensation information across many fields and industries in key geographic markets.
Salaries in specific regions may vary based upon local market conditions and position-specific requirements, such as experience levels, professional certifications or knowledge of certain software. In addition, the salary data has been drawn from multiple industries and may not accurately portray a company’s specific situation.
The salary data is a combination of proprietary Randstad information and data provided by Economic Research Institute (ERI), a widely known resource of robust job competency, cost-of-living, executive compensation and salary surveys.