NEW YORK, March 10, 2022/PRNewswire/ -- Now more than ever, employers need to focus on offering competitive salaries as well as appealing perks and benefits in order to recruit and retain top talent. That's one major takeaway from just-released research from24 Seven, a specialized marketing and creative recruitment agency.
One-third of all employees surveyed say they are considering switching employers in the next year, according to the 2022 Job Market Pulse Report, an annual resource highlighting key hiring, compensation and overall job market trends.
"The 2022 Job Market Pulse Report offers a clear and compelling snapshot of salaries and today's hiring environment."
The insights and trends identified in the report are based on a January 2022 survey of 1,400 professionals in the Marketing, Creative, Technology, Fashion, Retail and Beauty sectors. The report features salary ranges for more than 175 positions, as well as detailed information on today's most commonly offered benefits and perks.
Additional findings from 24 Seven's 2022 Job Market Pulse Report include:
A large majority (80%) of respondents expect a salary bump in 2022. Of employees who say they are dissatisfied with their compensation, 78% plan to look for a new job.
76% of employees say better perks and benefits offered by other companies are an enticement to leave
75% of employees said they are loyal to their employer, yet only 56% believe their employer is loyal to them.
70% of managers say their company is taking steps to make compensation more competitive to win over talent
The report also features findings related to employee happiness and engagement levels, bonus pay, work/life balance, freelancing side hustles, counteroffers and more.
"Given the ongoing Great Resignation, the changing workplace and a rapidly evolving creative and marketing industry, it's critical to keep current on trends whether you're an employer, hiring manager or job candidate," says 24 Seven CEO Anthony Donnarumma. "The 2022 Job Market Pulse Report offers a clear and compelling snapshot of salaries and today's hiring environment," added Donnarumma, who was recently named to the prestigious Staffing Industry Analysts' 2022 Staffing 100 North America list.
About 24 Seven
24 Seven is a specialized recruitment agency that builds future-proof teams of top full-time and freelance talent for leading brands and agencies in the marketing, digital, creative, and technology sectors. 24 Seven further supports its clients through its family of specialized subsidiaries. The Sage Group represents marketing consultants, contractors, and permanent talent, and has created a leading community of top marketing executives, Marketers That Matter®, which meets to share marketing innovation and insights. Creatis and Antenna boost the productivity of marketing, digital, creative and communications teams through on-site and outsourced talent solutions. Simplicity Consulting offers marketing project & program management and strategic communications consultants.