77% of Executives Consider Pay the Top Concern in Employee Attraction and Retention, According to Adecco USA Report

Adecco USA recently partnered with Aberdeen on a second annual C-Suite survey and released the findings in a report.

Article 8/9/2017 8:30:00 AM by Adecco Staffing, USA

JACKSONVILLE, Fla. – Aug. 9, 2017 – Adecco USA recently partnered with Aberdeen on a second annual C-Suite survey and released the findings in a report, titled Best-in-Class Workforce Management Insights. Acknowledging today’s candidate-driven market, the report uncovers how employers are experimenting with ways to attract and keep skilled workers, with C-Suite considering pay the most important factor.

More than 500 executives across the US participated in the survey, which aimed to gather insights on their workforce management efforts, identifying their challenges, best practices and future plans. Aberdeen distinguished Best-in-Class employers based on key performance indicators, including the rate at which new hires reach full productivity, optimal employee tenure versus actual employee tenure and employee compensation in comparison to the market average.

Based on the data, Adecco’s Best-in-Class Workforce Management Insights report sheds light on what employers are prioritizing in order to attract and retain top talent in today’s competitive hiring landscape. Key findings include:

  • 77 percent of executives believe pay is the most important factor to employees.

  • More than half of respondents offer health insurance and 401(k) packages to salaried employees, and 40 percent say they now also offer “softer” benefits, like flexible schedules.

  • 47 percent of employers do not prioritize hard or soft skills over the other when vetting a job candidate, and they weigh a candidate’s happiness as early as the interviewing phase.

  • Less than half of employers are offering education courses to their employees, but 61 percent believe mentorships are of importance in determining employee happiness.

“In this candidate-driven market, the burden is on employers to offer compelling reasons for candidates to join and remain with their organizations. Right now, part of the conversation is centering around wages,” said Joyce Russell, president, Adecco USA. “While fair pay is a key driver in securing today’s workforce, employers must also make predictions and be nimble in adopting new solutions as the meaning of ‘Best-in-Class’ continues to evolve,” Russell added.

Learn more about Best-in-Class Workforce Management Insights.

About Adecco USA
When we talk about us, we’re really talking about our people—the best staffing and recruiting experts on the planet. They connect over 70,000 people to great jobs across the country every single day. That makes us one of America’s biggest employers. Our people are also the go-to workforce management partners for a lot of Fortune 500 companies. And thousands of American workers, in almost every industry and profession, rely on them for career advice. When you’re ready to find out what we can do for you, stop by one of our more than 450 locations in the U.S., or visit adeccousa.com today.

About Aberdeen Group
Aberdeen Group is a technology and services company that helps tech sales and marketing executives distill smart data science into actionable moments. We help companies win through our unique targeting capabilities (using the CI Technology Data Set), advanced analytics using our own innovative proprietary and public data sources, and our original and premium content engine. Learn more about Aberdeen Group at www.aberdeenservices.com

###

For further information, please contact:
Mary Beth Waddill
904-360-2623
MaryBeth.Waddill@AdeccoGroup.com