If you’re looking to hire this year, get ready to dive deep into that wallet because talent doesn’t come cheap these days.
Despite the uncertain economic outlook for the first quarter of 2021, businesses will need to increase salaries by up to 3.5% for high-demand roles in order to remain competitive in the race for top talent, according to a new report by Randstad US.
With online orders expected to reach almost $477 billion by 2024, demand for jobs in industries like manufacturing and logistics has risen during the pandemic, and employers will need to adjust their compensation and benefits plans in 2021 to attract and retain employees.
