>Erin Geiger

About Erin Geiger

Erin Geiger is a seasoned Content, Editorial, and Product Engagement professional with two decades of experience creating content as well as overall content direction and strategy. Her background stems from a variety of online verticals ranging from start-ups to Fortune 500 corporations.

Salary Increases Not Up to Snuff to Retain Talent in 2022

Companies are going to have to do better with salary increases if they want to retain their talent in the U.S. labor market. Average salary budgets of 4% (or a median of 5%) were seen in 2021. However, a 5% average or 6% median increase is the rate at which respondents to a recent survey say they would stick around. In 2022, companies expect an average of 3.3% and median 3% for planned budget increases. Even though more than 50% of respondents claim to have increased salary budgets in the past 6 months, attracting and retaining talent was thought to be “somewhat difficult” for 71% and “very difficult” for 23%.   These five industries are expecting to give employees the following salary increases in 2022 compare with actual increases given in 2021: Retail and wholesale trade: 2.8% to 3.6% Finance: 2.7% to 3.5% Life and health insurance: 2.7% to 3.5% Energy: 2.6% to 3.4% Industrial [...]

By |2022-01-20T17:46:51+00:00January 21st, 2022|Categories: Talent Acquisition Trends|Comments Off on Salary Increases Not Up to Snuff to Retain Talent in 2022

25% of $100K+ Salaried Roles Expected to Be Remote by End of 2022

Jobs with a salary of $100K+ have shifted to being remote more now than before the pandemic. Pre-COVID, about 4% of all jobs were remote. By the end of 2020, that rose to 9%, and by the end of 2021 it increased to 18%. By the end of 2022, it’s predicted that 25% or more of these high-paying jobs will be remote. Technology roles lead the list of remote high-paying jobs with roles such as senior software engineer, software engineer, DevOps engineer and data engineer – product management and product marketing roles are also included.   Almost 4 in 10 of the 100 best jobs across industries are in healthcare/healthcare support. The top 5 jobs overall are Information Security Analyst, Nurse Practitioner, Physician Assistant, Medical and Health Services Manager, and Software Developer.  The top Healthcare jobs are Nurse Practitioner, Physician Assistant, Speech-Language Pathologist, Physician, and Registered Nurse. Rankings took in consideration the expected hiring demand, [...]

By |2022-01-14T17:50:25+00:00January 14th, 2022|Categories: Talent Acquisition Trends|Comments Off on 25% of $100K+ Salaried Roles Expected to Be Remote by End of 2022

Cash Bonuses Are on a High to Hang Onto Talent

Cash bonuses are queen as employers grapple to hold onto talent. Per a recent report, 68% of HR leaders surveyed said they “increased the number of employees eligible to get a cash bonus”. Over 50% surveyed expected to “grant average merit increases of more than 5%”. On the flipside, more than half of those surveyed would forgo a 10-20% salary increase for better flexibility for both where and when they work.   To better support employees, Deloitte is investing more than $1 billion in compensation and benefits. A $500 work-from-home technology subsidy is included as well as a salary increase. That increase in pay is to be larger than the typical annual increase per a compensation market analysis the company conducted halfway through its annual compensation cycle. In addition, benefits such as a $1,000 well-being subsidy and 15 paid holidays in 2022 are included in the investment.   Job seekers and employees alike are feeling [...]

By |2022-01-07T18:09:49+00:00January 7th, 2022|Categories: Talent Acquisition Trends|Comments Off on Cash Bonuses Are on a High to Hang Onto Talent

8 Recruiting Strategy Game-Changers from 2021 to Impact 2022

Wrapping up our webinar series in 2021, we had three talent acquisition leaders form our latest peer forum. It was a lively, no holds barred discussion focused on having gone through the ringer this past 20 months but also a look toward talent acquisition in 2022. What were the biggest challenges that kept them up at night? What was their biggest lesson learned during all of this? How has their talent acquisition organization shifted? These and many more questions are answered at length. You can tune into the entire discussion, "A Talent Acquisition Peer Forum: Lessons Learned and Winning Strategies for the Future" here. Below, we've curated just a few of the responses given to some of these critical questions. Take a look as you solidify your strategy for 2022 and beyond.   Things have changed quite dramatically in the past 20 months in that many of us have been primarily working from our home [...]

By |2021-12-20T17:53:11+00:00December 31st, 2021|Categories: Talent Acquisition Trends|Comments Off on 8 Recruiting Strategy Game-Changers from 2021 to Impact 2022

Holiday Hiring Back to Pre-Pandemic Levels

The GDP forecast for Q1 and Q2 of 2022 has risen…but the same can’t be said for the back half of 2021.  For Q3 and Q4 of this year, the GDP is looking to have increased at an annualized rate of 3.8%, where previously much faster growth was expected of 6.7%. When looking at 2022, the first half is shaping up to see growth quicker than originally forecasted at an annualized rate of 3.9% rather than the earlier forecast of 3.5%. As far as unemployment rates go, they are expected to be lower than previously forecasted.     The lowest jobless rates in November go to Nebraska and Utah at 1.8% and 2.1% respectively. These rates are the lowest jobless rates for these states since at least 1976. Other states seeing their lowest jobless rates since that year are Georgia (2.8%), Oklahoma (2.5%), and West Virginia (4%).  The highest unemployment rate in November goes to [...]

By |2021-12-20T18:26:13+00:00December 24th, 2021|Categories: Talent Acquisition Trends|Comments Off on Holiday Hiring Back to Pre-Pandemic Levels

Current Hiring Outlook is Most Optimistic on Record

Taco Bell joins the ranks of restaurants working to increase their minimum wage. The company plans to implement the hike to $15 an hour by mid-2024.   In addition, employees will receive benefits such as complimentary therapy for corporate employees at restaurants and its headquarters. High turnover and a shortage of labor have plagued the foodservice industry, partially driving wage increases.   Budget for compensation is forecasted to increase a bit but not enough to match inflation. Such budgets are to rise 3.3% for merit budgets and 3.5% for total budgets in 2022. (this is a bit of an increase from the 2.8% and 3% respectively, seen in 2021) As for one-time cash payouts, those incentives will increase more, with 1 in 4 employers saying their bonus pool is more than 10% higher than last year.   Bonuses are on tap to attract candidate to critical, hard-to-fill roles. In a recent survey 52% of respondents [...]

By |2021-12-17T20:17:21+00:00December 16th, 2021|Categories: Talent Acquisition Trends|Comments Off on Current Hiring Outlook is Most Optimistic on Record

Small Businesses Turn to a Record Increase of Wages to Win the Talent War

Small businesses have implemented the biggest percentage increase in hourly wages (since 2011, when the data was tracked). Businesses with less than 50 workers have had a $1.17 increase since November 2020 bringing the average hourly rate to $29.88. This marks a record 4.1% annual increase.   CEO Confidence has fallen in the midst of continued supply chain issues and labor shortages. The reading has fallen to a 65 after having been at an all-time high of 82 in Q2. However, readings above 50 still indicate more positivity than negative responses.   IT employment falls flat in November after seeing some recovery since August 2020. A scarcity of talent is to blame, though when looking at year-to-year growth, IT employment has increased 3.2%   Almost half (41%) of adults in the U.S. may be looking for a new job in 2022. As well, 35% say they are more likely to change careers entirely. The most [...]

By |2021-12-09T23:00:09+00:00December 9th, 2021|Categories: Talent Acquisition Trends|Comments Off on Small Businesses Turn to a Record Increase of Wages to Win the Talent War

Tech Hiring Turns to Junior Candidates, Driving Salaries Down

Tech salaries in the U.S. have decreased a bit (1.1%) as companies look to hire junior candidates for senior roles. A rising competition for software developers and other tech workers, partially due to the “Great Resignation” has caused companies to bring on cheaper, less experienced workers. (more experienced workers are experiencing an increase in pay) In parallel, the current hiring shortage is bolstering wages across industries. The Federal Reserve Beige Book reports that increased wage growth is seen across almost all districts. Private-sector jobs in the U.S. are up by 534K in November per the ADP National Employment Report. Jobs added in November by sector: Goods-producing: Natural resources/mining, up 7,000 Construction, up 52,000 Manufacturing, up 50,000 Service-providing: Trade/transportation/utilities, up 78,000 Information, up 10,000 Financial activities, up 13,000 Professional/business services, up 110,000 Professional/technical service, up 51,000 Management of companies/enterprises, up 5,000 Administrative/support services, up 53,000 Education/health services, up 55,000 Healthcare/social assistance, up 46,000 Education, up 10,000 [...]

By |2021-12-02T23:19:12+00:00December 2nd, 2021|Categories: Talent Acquisition Trends|Comments Off on Tech Hiring Turns to Junior Candidates, Driving Salaries Down

2021 Content Roundup: Our Free Resources of the Year (so far)

Raise your hand if you feel like it can’t possibly be the holiday season already because you swear you just celebrated 4th of July (if you’re in the States). 🙋‍♀️ 🙋 But, here we are. In that part of the year where the days sort of meld together and you feel like you’re celebrating the December holidays and New Year’s all at once. While 2022 is just around the corner, 2021 is still rockin’ and rollin’ along. To help you bring this year to a close with a bang, we thought we’d pull together the (amazing) resources we created to help you reach your talent acquisition goals this year and in the future. Much of these free resources center on recovery recruiting as we all both climb out of and manage the current situation of the global pandemic. We went over: Strategies to put into place to ensure a strong recovery Tactics to implement to keep [...]

By |2021-11-15T21:48:32+00:00November 26th, 2021|Categories: Talent Acquisition Trends|Comments Off on 2021 Content Roundup: Our Free Resources of the Year (so far)

Quits in September Hit a New High

Over 4 million U.S. workers called it quits in September, marking a new high. Many industries saw an increase in quits, but the one that saw the most was “arts, entertainment, and recreation” – quits increased by 56,000 from the prior month. However, in October the U.S. workforce saw more than 2.5% of retired workers make a return to work. This is the highest rate seen since the start of the pandemic and is thought to be partly due to both the increase in vaccination rates and wages.   From highs to lows...the U.S. gross domestic product is forecasted to grow annually at a 4.6% rate in Q4. This is down from the previous expectation of a 5.2% growth rate. When looking at the overall year of 2021, it’s thought that the GDP will rise 5.5% (original estimate was 6.1%). For 2022, the growth estimate is estimated to be 3.9% (original estimate was 4.4%). On [...]

By |2021-11-18T20:29:44+00:00November 18th, 2021|Categories: Talent Acquisition Trends|Comments Off on Quits in September Hit a New High