New Hire Pay Practices Survey Results

Over the summer months of 2021 we have seen significant but somewhat uneven turbulence in labor markets throughout the US. High demand and labor shortages are creating operational challenges in some sectors, with many employers resorting to bonus-based strategies in order to recruit and retain needed talent.

Driving increased employee churn are favorable economic reports and positive consumer sentiment. Recent reports indicate that up to 30% of employees are re-evaluating their current positions.

In addition to the use of hiring bonuses and retention bonuses, we are seeing an increase in hiring wages, which is expected to persist through the coming six months.

This survey was designed to provide participants with insight into how organizations are modifying their hiring practices to better compete in today's aggressive war for talent.