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At the same time, employment opportunities for nurses are projected to grow at a faster rate (9%) than all other occupations from 2016 through 2026, according to the National Library of Medicine. Other resources, like EZ Insights , can give you a clear picture of what the market looks like for a particular job title or company in one place.
Related: How to Create Job Descriptions With ChatGPT Offer competitive compensation, benefits, and perks In this incredibly challenging labor market, the value of excellent compensation can’t be overstated. Narrow your focus and reduce the amount of screening you must do by sourcing on job boards dedicated to the healthcare industry.
In the wake of the pandemic, it’s predicted the demand for mental health workers will increase 10% by 2026. Increased compensation. But the fact is, there are not enough available workers to keep pace with demand. Stretched Thin and Stressed. And by 2030, demand for nurse practitioners will increase 15%. Coaching and wellness programs.
Between 2016 and 2026, employment in this sector is expected to grow faster than the nationwide average for all jobs, placing pressure on financial services firms to fill 773,800 new positions. Candidates looking for a career change in financial services have come to expect a certain structure to compensation packages.
That means advances in technology are creating new requirements for candidates, even while they generate new challenges for compensation professionals. For the compensation professional, it’s no longer enough to take a standard scientific approach to compensation. Self-Discipline. Analyze, Create and Deliver Data.
The United States Bureau of Labor Statistics (BLS) reports that by 2026, openings for nurse practitioners (NPs) and Physician Assistants (PAs) will experience a ten-year growth rate of more than 36%. The key to recruitment and retention of rural hospital NPs and PAs is to know why, how, when, and where to source rural focused candidates.
Without the help of data scientists, it is highly challenging to churn out actionable insights from multi-varied data sources from organizations. Based on ZipRecruiter, an average salary compensation of an entry-level data scientist starts from USD 69,000. Data science is growing at warp speed and so are data science professionals.
So, in simple terms, it means providing clear details about how compensation decisions are made, including pay scales, benefits information, and the range of compensation for similar roles. For instance, California employers are required by state law to include a range of compensation for open positions in their job ads.
That’s because back in 2020, residents voted to raise the minimum wage to $15 per hour by 2026. Rates have increased every year since 2021, when the minimum wage was below $9 per hour, and will continue to increase until September 30, 2026, when the minimum wage reaches $15 per hour.
For example, there is a predicted 36% growth in application developer roles by 2026, meaning that more than 250,000 new developers will be needed in less than a decade from now – the size of a smaller city. This has very little to do with monetary compensation or the bragging rights of saying you work for Google.
Source: Ketstar / shutterstock Salary Ranges The law requires employers with 25 or more employees to disclose pay range information to both applicants and employees in a number of circumstances. The law also protects a worker’s right to request salary/pay range information. Here’s what employers need to know.
Source: eamesBot / Shutterstock. But how do you know whether your benefits and compensation packages stack up against the competition? It’s clear that simply aligning your compensation with the overall market isn’t enough to attract and retain the best talent,” says Randstad in its latest 2019 Salary Guide report. Health Care.
Primarily, these tools enhance decision-making quality by providing data-driven insights into workforce dynamics, helping leaders optimize everything from recruitment strategies to compensation structures. Key milestones in HR technology Several pivotal developments have shaped the evolution of HR analytics.
Because it’s going to 2025 will be fine, but what do we need to do for 2026 when this deduction is no longer in place? The issues that can come about are if you are dealing with somebody, let’s say like a salesperson who has part of her compensation package is commission, right. Pretty standard.
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