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The latest news, trends and information to help you with your recruiting efforts.

Posted December 07, 2018 by

Salary statistics and what they mean to you

 

 

Guest article by Spry Ideas

First, the good news: The unemployment rate in the U.S. is the lowest it’s been since 2001, and the percentage of prime working age adults who are employed is the highest it’s been since 2008.1 Though this improvement in the job market hasn’t been consistent across all industries, job functions and regions, there appears to be an overall improvement.

While this is undoubtedly positive for both graduates seeking jobs and the economy, it presents a few challenges for agencies and employers. Many positions are getting harder to fill and candidates now have more choices, and therefore, increased bargaining power.

Though location, benefits, flexible hours and work environment are important factors in a career decision, salary is still ranked as the most important influence. A recent survey by Glassdoor shows that 67 percent of job seekers pay attention to salary when scanning job ads, more than any other piece of information on a position. (more…)

Posted April 17, 2014 by

Average Starting Salary for College Grads is $45,327

Petroleum Engineer

Petroleum Engineer photo courtesy of Shutterstock

It isn’t uncommon for many of our employer clients to grossly underestimate the going rate for recent graduates. Almost every employer wants to pay their employees fairly but few have the time or resources to accurately determine just what is fair.

Example? Last week an employer posted a job to our site for people who graduated within the past three years and who are interested in an entry-level sales position. That was fine except the compensation they were willing to pay was $30,000 per year. That’s $15,327 less than the average starting salary for a 2013 college graduate of $45,327. As you may have guessed, the response to their posting was less than overwhelming. We tried to explain the problem to the employer but the reaction was typical: a recent grad should be grateful for any employment opportunity and so the pay rate shouldn’t matter. Well, it does matter. (more…)