Seattle - March 22, 2012
- PayScale, Inc., the leader in compensation data and software, today announced a multi-city event series The Talent Wars, co-sponsored with Cornerstone On Demand, a leading provider of cloud-based talent management solutions. The events will take place in Chicago, San Francisco, Denver and Seattle. Each session will showcase insights into these cities' fast-changing job landscape amidst an improving national economy as well as offer counsel about how employers can develop strategies to recruit and retain top talent.
"Smart companies must stay on top of what's happening in their geographies and in their industry to compete for talent. As we emerge from recession, the good people have a lot of options," said Dave Smith, chief revenue officer of PayScale.
Each of these events feature the insights of PayScale.com director of professional services, Stacey Carroll, MBA, CCP, SPHR, as well as PayScale customers discussing their own talent war successes and challenges. Carroll is an adjunct professor in the College of Business and Economics at Western Washington University and a frequent speaker to HR and executive audiences on smart compensation strategies.
Attendees at the first event, in Chicago, will also hear a "tale from the trenches" from Chris Johnson, head of HR at Flightstar Aircraft Services. He will share his insights on understanding the talent market you compete in informed by his more than 20 years in HR at Flightstar, Dun & Bradstreet, Baxter International, Spherion, and Toys R Us.
Retaining top talent is the number one concern of company executives surveyed in the recently announced "PayScale 2012 Compensation Best Practices Report."
Highlights from the report:
- The bleeding is slowing. In 2009, 41 percent of survey respondents said they had gotten smaller. In 2011 only 14 percent replied that they had shrunk.
- Employees are feeling some power. In 2011, for the first time in three years, employers stated that the top reason for people leaving their jobs was to "seek higher pay elsewhere." In 2010, the top reason was "personal reasons," including changes to marital status, health, school, etc.
- Employers are beginning to worry about retention. The majority of employers felt employee retention was their top concern in 2011.
- LinkedIn is tops for recruiting. Employers vary widely in their implementation of policies on social media use. Fewer than one-third promote the use of social media for business. Some industries though - notably information, media and telecommunications - are taking advantage of social media to help build their brand and promote their business. LinkedIn is achieving wide acceptance as an important tool for recruiting.
PayScale's full "2012 Compensation Best Practices Report" is available athttp://www.payscale.com/hr/compensation-practices-survey
An infographic with report highlights is available at http://www.payscale.com/hr/2012-compensation-practices-infographic
The event schedule includes the following dates:
• Chicago, IL (March 28)
• San Francisco, CA (April 11)
• Seattle, WA (April 25)
• Denver, CO (May 2)
More information and registration can be found at http://resources.payscale.com/Talent-Wars.html
Creator of the largest database of individual compensation profiles in the world, PayScale, Inc. provides an immediate and precise snapshot of current market salaries to employees and employers through its online tools and software. Our products are powered by innovative search and query algorithms that dynamically acquire, analyze and aggregate compensation information for millions of individuals in real time. Publisher of the quarterly PayScale Index(tm), PayScale's subscription software products for employers include PayScale MarketRate(tm) and PayScale Insight(tm). Among PayScale's 2,200 corporate customers are organizations small and large across industries including Zappos, Volunteers of America and Manpower. For more information, visit www.PayScale.com
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