New York is the latest state to implement a pay transparency law that will allow job seekers to see salary ranges for open roles. New York State’s Pay Transparency Law went into effect on September 17 and mandates that employers include minimum-maximum salary ranges that are believed to be in line with fair market compensation. […]
Did you receive a raise within the last year? Are you satisfied with your current compensation? In ForceBrands’ Consumer Talent Compensation and Job Market Confidence Trend Report, we uncover compensation and job market confidence trends and their impact on employee attraction, retention, and workplace attitudes. We surveyed more than 1,000 workers across various industries and demographics in […]
How is consumer talent currently assessing their career, workplace, and confidence in the job market? In ForceBrands’ Consumer Talent Compensation and Job Market Confidence Trend Report, we uncover compensation and job market confidence trends and their impact on employee attraction, retention, and workplace attitudes. We surveyed more than 1,000 workers across various industries and demographics […]
When it comes to attracting and retaining talent in today’s competitive job market, compensation is table stakes. Fair market compensation — the salary or wage that an employee would receive for a particular job in a specific geographic location, taking into account factors such as the job responsibilities, required skills and experience, and the prevailing […]
ForceBrands has released its 2023 Salary Reports for the following industries: beverage, food, beauty/wellness, and cannabis. The reports offer salary data across marketing, operations, sales, finance, and human resources. ForceBrands surveyed companies generating $10M-150M in revenue with under 500 employees. The data was compiled between January 2022 and February 2023. “Given the current economic climate, […]
There’s good news and there’s bad news. The good news: companies are slated to increase compensation in the new year. The bad news: not everyone will receive a pay increase. According to a survey by workplace consultant Willis Towers Watson, employers are planning to raise salaries by an average of 4.6 percent in 2023. Fueled by a […]
New York City and California joined Colorado by instituting a salary transparency law that went into effect on November 1. And although it’s newly implemented, employers are already testing its limits. The law mandates that “good faith” salary ranges be posted in job listings, although it fails to clarify how wide that range should be. […]
There’s a lot happening in the beverage alcohol space. The pandemic proved that low- and non-alc beverages are here to stay as consumers quarantined and became increasingly focused on health and wellness. Ready-to-drink beverages are in and e-commerce sales are booming. With all these shifts, companies are evolving. Teams are being redesigned to keep up […]
Legalization and innovation are perhaps the two best words to define the booming cannabis sector. With the legal cannabis market projected to reach $43 billion by 2025, opportunities abound. As more states enter the fray and new companies emerge, talent is on the move. So how do companies attract and retain top talent in today’s […]
Never has there been a more intense focus on health and wellness than during a global pandemic. The Covid crisis has ushered in a renewed appreciation for cleaning supplies and personal care items, particularly as they relate to immunity. And despite the disruption of makeup sales during quarantine, the beauty industry continues to boom. The […]