Compensation Considerations Amid COVID-19

COMPENSATION CONSIDERATIONS AMID COVID-19

Here’s a glimpse of salary concerns amid senior managers today.

Worried About Retention

• 47% are very concerned about their company’s ability to retain valued staff.

• 41% are somewhat concerned.

• 39% of managers who have concerns attribute them to salary reductions and planned salary freezes.

Cities with the highest percentage of managers who are concerned salaries will impact retention:

• Minneapolis: 52%

• Tampa 50%

• Portland 49%

Ready — and Willing — to Offer More Pay

• 28% have increased starting salaries for new hires since the pandemic began.

• 44% have made no change to starting salaries.

• 36% are more likely to negotiate salary with new hires than a year ago.

• 50% are equally likely to negotiate salary.

Cities with highest percentage of managers who are more likely to negotiate:

• Austin 51%

• Raleigh 48%

• Charlotte 45%

For more information on salaries, visit roberthalf.com/salary-guide

Source: Robert Half survey of more than 2,800 senior managers in the U.S. conducted July 10 to August 9, 2020