Thursday, June 29, 2017

Utah’s Employers Council releases two important regional and statewide job compensation surveys
10:07 AM

Utah’s Employers Council releases two important regional and statewide job compensation surveys



The 2017 Utah Benchmark Compensation Survey and the IT Compensation 
Survey help businesses in hiring and keeping top talent

Utah’s Employers Council recently published two job compensation surveys, designed to help Utah organizations keep current and competitive with employee salaries. The 2017 Utah Benchmark Compensation Survey and the new Information Technology Compensation Survey provide a snapshot of state and regional salary policies, including base salaries, average percent pay increases and hiring rates. 
The Utah Benchmark Compensation Survey provides salary benchmarks for everyone from welders to writers, and from clerks to CEOs. The Benchmark Survey data showed that the average salary increase for all Utah regions and organizations surveyed did not jump significantly, going from three percent in 2016 to 3.2 percent in 2017. The average hiring wage for full-time, inexperienced entry-level personnel was $13.81.
The Information Technology Compensation Survey takes a deeper dive into the technology industry in Utah, Colorado, Wyoming, and Arizona. Tech company owners will want to note that average pay increase percentages projected for technology departments in 2017 ranged from 1.5 percent in Wyoming, to three percent in Utah and to 3.1 percent in Northern Colorado. The technology companies surveyed reported the average signing bonus for IT management positions was $958. The IT bonuses ranged from $796 for companies with less than five IT employees to $1,635 for companies with 51 or more IT employees. 
It was also interesting to see that the percentage of IT companies that outsourced IT positions jumped from 25 percent in 2016 to 60 percent in 2017.
“The Employers Council’s goal is to give employers and HR managers the tools they need to entice and retain employees,” said Ryan Nelson, president of Employers Council of Utah. “The two surveys provide employers with perspective on salaries for positions within their industries and help them make educated decisions when creating compensation packages or considering pay increases within their companies. 
“Today’s job market is competitive, and organizations must not only craft attractive salary packages, they must also create positive employment conditions to attract the best talent,” added Nelson. “Our survey data, employee training and employment law services, are all important arrows that employers need in their quivers, to become employers of choice.”
More than 153 Utah organizations participated in the 2017 Benchmark Compensation Survey, with 26,524 Utah employees reporting. Four hundred and sixty-three organizations in Utah, Colorado, Wyoming and Arizona participated in the IT Compensation Survey, with 9,312 employees reporting.
Employers Council is an employer association that serves as a resource for business owners and operators in the region, providing expertise in employment law, HR, training and survey data. Membership provides access to the Employers Council team of attorneys and certified HR consultants. Due to the quality and breadth of the data, the full versions of the surveys are available exclusively to members of MSEC or for purchase. For more information on becoming a member or purchasing the HR Metrics Survey, visit www.msec.org or call 801-364-8479.


ABOUT Employers Council
The Employers Council serves the human resource and employment law needs of the business community, helping employers manage all aspects of the employment relationship. With more than 75 years of experience in the employment arena, it is an organization unlike any other in the country. As a nonprofit corporation, Employers Council is mission-driven not profit-driven. Known as the professional, cost-effective resource of choice, Employers Council provides employers of all sizes and industries with the resources needed to build effective, successful organizations. 


Employers Council recently merged with Mountain States Employers Council in Denver, forming the nation’s largest employers’ association. Together, their combined organizations serve 3,800 employer members, which have over 220,000 employees. The Council provides employment law advice, HR support, workforce training, and survey data for employers throughout the western region. 


Post provided by: Employers Council





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