Resignation departures are on the rise. Microsoft’s 2021 Work Trend Index, a survey of more than 30,000 workers, found 41 percent are considering quitting their jobs; the number jumps to 54 percent when Generation Z is considered alone. Gallup reports 48 percent of employees are actively searching for new opportunities. Persio reports that 38 percent of job seekers planned to make that change between now and early 2022. PricewaterhouseCoopers’ August 2021 survey found 88 percent of executives said their company is experiencing higher turnover than normal. While the power sits clearly with employees, employers can also see the “great” in this resignation trend.

Fortune Magazine published a Deloitte study in October 2021 and found that among Fortune 1000 companies, 73 percent of CEOs anticipate the work shortage will disrupt their businesses over the next 12 months, 57 percent believe attracting talent is among their company’s biggest challenges, and 35 percent have already expanded benefits to bolster employee retention. Derek Thompson, a staff writer with The Atlantic, commented, “Supply chains are breaking down because of a hydra of bottlenecks. Running a company requires people and parts.” Turnover is expensive, and the above data isn’t encouraging, which means that employers need to address the challenges sooner rather than later.

With compensation and salary trends changing throughout the year, candidates and clients should have this valuable information for fair negotiations in the job market.

Arlington Resources can help human resources professionals understand what salary expectations should be. We have compiled our salary survey list with updated facts and figures, including job descriptions for Human Resources positions in the Chicago metropolitan area.

Email us today at HRSalarySurvey@arlingtonresources.com, and we will be happy to share this with you. In the “YOUR MESSAGE” section, please enter “2022 HR Salary Survey”.