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The Industries With Rising and Declining Salaries
Which industries are facing the fiercest—and most-expensive—bidding wars for talent? If you go by 2010-2015 salary growth, an IT and a STEM industry are at the top of the list.
New research released by CareerBuilder, using Emsi data, shows inflation-adjusted salaries grew the fastest from 2010-2015 in internet publishing and broadcasting and web search portals (49%) and research and development in the physical, engineering, and life sciences (20%).CareerBuilder’s 2016 salary trends report (download here) is geared toward HR and talent acquisition professionals who want to better understand the salary landscape to strengthen their recruiting efforts. Both broad and detailed industries are covered, as well as high-level metro trends.A few takeaways from the report:
- Salaries across all industries rose 2.3% from 2010-2015. Of the 150 largest metros, only 33 beat the national growth rate.
- While tech industries like internet publishing have performed well, other industries in retail trade (e.g., department stores and home centers), manufacturing, and even health care have seen salary declines.
- At least one retail industry has done surprisingly well in salary and job growth. Art dealers is the fastest-growing industry for compensation inside retail trade, with average salaries ballooning 12.3% from 2010-2015. Employment in the art dealer industry rose 4.5% nationally over that time.
Emsi has a rich database of historical employment and salary trends for 1,000 industries, with coverage for every MSA, county, and ZIP code in the US. To learn how to access this data for your region, contact us. Follow Emsi on Twitter (@DesktopEcon) and LinkedIn.
The post The Industries With Rising and Declining Salaries appeared first on EMSI | Economic Modeling Specialists Intl..
Source: http://www.economicmodeling.com/2016/05/04/salary-trends-hr-recruiting/
