ATLANTA, Jan. 29, 2019 /PRNewswire/ -- Randstad US today released its 2019 Salary Guide, which includes national pay rates for a variety of positions within the engineering, finance and accounting, healthcare (clinical and non-clinical), human resources, technology, life sciences, manufacturing and logistics and office and administration fields. Updated annually, the Salary Guide is a valuable resource for employers, providing key insights into how their pay rates stack up against the national market.
The guide reveals that nationwide salaries across all of these sectors rose about three percent, which is in line with recent BLS data from the past three years, but not on pace with inflation. This could be a major factor contributing to the increase in people quitting their jobs in search of higher-paying ones. In fact, the latest BLS jobs report lists the number of job leavers (defined as people who voluntarily quit their previous job and immediately began looking for new employment) in December 2018 at 839,000, an increase of 113,000 from December 2017. The fact that workers are quitting their jobs without lining up their next one shows high overall confidence in their abilities to land a new job quickly — which is bad news for employers.
"Simply put, the data we're seeing around the tighter labor economy means the definition of a 'competitive' salary has changed," said Jim Link, chief human resources officer, Randstad North America. "It's no longer enough for organizations to pay on par with other companies. Being competitive now means employers must offer salaries and benefits that differentiate themselves in a very tight labor market. Randstad's Salary Guide provides accurate benchmarks for employers to ensure their salaries are as enticing as possible."
A sample of what you'll find in Randstad's 2019 Salary Guide includes:
Electrical Engineer (senior-level)
finance and accounting
Accounts Payable Manager (mid-level)
$82,157 - $99,713
Medical Records Administrator (senior-level)
Benefits Analyst (mid-level)
$59,033 – $69,944
Software Development Architect (entry-level)
manufacturing and logistics
Forklift Operator (mid-level)
office and administration
Download Randstad's 2019 Salary Guide for engineering, finance and accounting, healthcare (clinical and non-clinical), human resources, technology, life sciences, manufacturing and logistics and office and administration fields.
About Randstad's Salary Guide
Every year, Randstad US publishes its Salary Guide highlighting compensation information across many fields and industries. This guide provides nationwide compensation information for the most in-demand positions throughout the industries Randstad serves. The salary information provided is a combination of Randstad's proprietary intel paired with insights from licensed third-party data, as well as data from the Economic Research Institute (ERI), a trusted provider of global compensation data and analytics.
Data reflected for each industry is organized by job title and level.* For executive positions (director and above), salaries are listed by company size as determined by revenue. For all other positions, compensation is determined by average years of experience across three professional levels. Every organization is structured differently, so the job titles and department names in the guide may not be an exact match for the ones at your organization.
For an in-depth look at key positions within your local hiring market, contact a Randstad representative in your area.
*The compensation data presented in this guide is based on average wages throughout 2018 and may not reflect recent changes in wage laws within all markets. Consult your municipal and state wage laws to ensure your compensation offerings are compliant.
Randstad North America, Inc. is a wholly owned subsidiary of Randstad N.V., a €23.3 billion global provider of flexible work and human resources services. As a trusted human partner in the technology-driven world of talent, we combine the expertise and passion of our employees with some of the most innovative HR technologies on the market today to advance the careers and business success of our candidates and clients.
Randstad's North American operations comprise 5,700+ associates and a deployed workforce of more than 100,000 in the U.S. and Canada. In addition to staffing and recruitment, Randstad offers outsourcing, consulting and workforce management solutions for generalist and specialist disciplines, including technology, engineering, finance and accounting, clinical and non-clinical healthcare, human resources, legal, life sciences, manufacturing and logistics, office and administration and sales and marketing. Global concepts available to North American client companies include RPO, MSP, integrated talent solutions, payrolling and independent contractor management and career transition services. Learn more at www.randstadusa.com or www.randstad.ca.
SOURCE Randstad US