Kansas City, Kan. – The competition for top performers is heating up as 96.2 percent of organizations are actively recruiting, according to the results from the 2007 Compensation Data - Pennsylvania survey of 320 employers. Voluntary turnover is at 11 percent for all industries in the state, while total turnover is 16.2 percent.
In Pennsylvania, voluntary and total turnover rates were highest in the distriubtion and warehouse industry this year at 16.5 and 24.2 percent, respectively. Utilities had the lowest voluntary and total turnover rates, 5.8 and 8.3 percent.
Pennsylvania companies look to a variety of methods in recruiting new employees. When advertising positions, the 2007 Compensation Data - Pennsylvania results showed 80.8 percent place ads on the Internet, which has increased by 11.6 percent over the last three years. Newspaper advertising remains high at 80.2 percent, and job fairs are used by 52.8 percent of companies. Employee referral programs are another method used for recruiting by 59.7 percent of companies. Also, some organizations, 22.3 percent, target their search by advertising with trade or professional associations.
"Concerned with the decreasing talent pool, many HR professionals are working to find new ways to attract and retain the best individuals for the position," said Amy Kaminski, manager of marketing programs for Compdata Surveys, the nation’s leading compensation and benefits survey data provider. "Using a targeted approach and new sources can help organizations identify the appropriate pool of qualified job candidates."
Monetary incentives continue to be used in a variety of different forms across the state. Sign on bonuses are utilized by 30.2 percent of organizations. Another tactic for recruiting top employees is to offer increased starting rates. This is used by 24.2 percent of companies, and 12.9 percent offer more raises during the first year.
About the Survey
Compensation Data 2007 – Pennsylvania contains data on 525 job titles ranging from entry-level to top executives. Information was collected on more than 312,000 employees across the state. The results provide a comprehensive summary of pay data, benefits information and pay practices with an effective date of March 1, 2007. Compdata Surveys has been providing accurate, reliable data at affordable prices to organizations from coast to coast since 1988. For further information about the compensation and benefits surveys, contact Lane Odle at (800) 300-9570 or lodle[at]compdatasurveys.com.
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