Higher Starting Salaries, Better Compensation Packages and More Flex Time in 2006
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Higher Starting Salaries, Better Compensation Packages and More Flex Time in 2006
Planning to add a new job or better paycheck to your list of New Year’s resolutions? This may be the year to cash in on a bigger, better deal, according to a study of more than 1,300 hiring managers nationwide by CareerBuilder.com and America Online. The survey, titled “Key Hiring Trends to Watch in 2006,” reveals that companies plan to offer higher starting salaries for new employees, raise compensation levels for existing employees and provide more flexible work arrangements. The survey also provides insights on the skills companies say will be most critical to their businesses in the coming year and their plans to shorten hiring cycles, diversify their staffs and rehire retirees.
“With the economy and job market expanding at a healthy pace and the labor force tightening, the competition for skilled employees is intensifying,” said Richard Castellini, Senior Career Advisor at CareerBuilder.com. “Half of hiring managers expect to offer more generous compensation packages for new employees and three-fourths expect to increase pay for their current staffs in 2006.”
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