FOR IMMEDIATE RELEASE
September 17, 2007
NPA, The Worldwide Recruiting Network reports that placements made over the last 12 months resulted in an average salary increase for the candidate of 16.1% over the previously reported salary. NPA tracks salary levels, occupational title, industry, fees collected and other data for all placements reported by its 360 member firms. NPA executive vice president Dave Nerz noted, “Employees are changing positions and employers. When making a career move over the past year, they have experienced significant increases in salary. While a very small percentage of reported placements reflected a reduction in salary, many more showed no change in salary level. This is significant because the placements showing increases are averaged with all reported placements, which means the actual reported increase is higher than 16.1%. Variable or performance-based compensation is not factored into this reporting and may result in even greater upside growth for employees successful in hitting performance targets.”
NPA is a member-owned cooperative based in Grand Rapids, Michigan, USA. The membership is comprised of premier independent recruiters on six continents who work cooperatively to complete searches across virtually all industry and occupational sectors. NPA collects data on placements in the following categories: accounting/finance/banking; administrative/human resources/materials/logistics/operations; process/chemicals/natural resources/mining/oil & gas/environmental; information technology; engineering/design/manufacturing; medical/health care; construction/civil engineering/architecture; nuclear & fossil power/utilities; software & hardware engineering/electronics development; sales and marketing; and various other niches.
“These reported increases in salary are yet another indication of the global shortage of talent,” according to Mr. Nerz. “This trend is a sign that employers are willing to offer more in fixed compensation in order to gain the right talent to run their organizations.”