Interesting employment facts for 2011 and Predictions for 2012

Interesting facts brought to you by PayScale.

Each year, PayScale surveys thousands of HR and business leaders to learn about the workforce

to get a better understanding of the employment environment as well as compensation trends.

2/3rds of employers think their company’s financial performance will improve in 2012.

93% of employers plan to make compensation adjustments to their workforce this year.

41% of employers plan to make compensation adjustments for half their workforce this year.

50% of companies plan to reward high performing employees with merit based pay plan.

43% of employers use social media for recruiting.

The breakdown is as follows:

88% - use Linkedin

46% - use Facebook

22% - use Twitter

3% - use Branchout

43% of medium sized companies hired in 2011.

57% of employers in media and telecommunications hired new talent in 2011.

54% of employers say that the CEO decides compensation budgets instead of the human resources department.

54% of employers name retaining top employees their main concern in 2012.

The following are the reasons given for leaving companies during exit interviews.

In 2009- People left due to the poor performance of the company.

In 2010 – Personal reasons. (marriage, family, health)

In 2011- People seeking higher wages someplace else.

Industries expecting growth in 2012 and in the near future:

80% - Companies that provide business support services.

78% - Companies that provide information, media and telecommunications.

77% - Retail companies.

38% of all employers ban all social media for their employees.

All facts from Payscale.com

There is some food for thought for you this week.

Farewell,

Mike