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 have 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 […]
Would you take a pay cut for your dream job? It’s a tough question but it may be easier to answer depending on what your role is, says LinkedIn‘s latest Workforce Confidence Index. The survey analyzed 25 careers to see who’s most tempted to leave their current role for one that’s more enjoyable but offers less pay. We wanted […]
Did you know that women are earning higher wages than ever before? While there are still some disparities between men’s and women’s wages, this is the smallest wage gap that has ever existed. So what is causing this change? And what can we do to continue to close the wage gap? Here are some reasons […]
Compensation. Always the first thing employees mention when asked about their reasons for staying at their job or leaving it. Many companies froze salaries and even reduced them during the pandemic. So we were wondering what’s happening with compensation two years after COVID-19 wreaked havoc on, well, just about everything. Our take from where we […]
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 […]
From craft brews to legacy brands, the beer industry is bubbling over with exciting new products, trends, and innovations. And when it comes to attracting and retaining top talent, the beer industry has a lot to offer. As part of our 2019 Talent Market Report, we’re pleased to introduce you to our specialized beer industry […]