Average Salaries to Increase 2%; Employee Training Costs Rising; Staff Upgrading To Continue;
With the new year comes greater opportunities for HR leaders with companies seeking to improve workforce composition while maintaining a favorable salary schedule.
Experts expect hiring to increase, particularly in the first quarter but selection will be more vigorous.
The average hiring period from announcement to fulfillment has grown to 27 days with interviews increasing to six per higher, up from 4.5 in 2012.
the economy still sputtering and the outlook is spotty.
With Obamacare regulations more fluid than originally postulated, it is possible there will be greater changes in healthcare benefits.
It is estimated l businesses will pay more than $8 billion in new taxes as a result of Obamacare.
Two major trends are also worrisome---the lack of qualified job applicants in certain industries and continued need for additional training in the entry level categories.
Outlays by corporations for professional training at all levels are expected to increase 9% in 2014.
The migration to cloud technology will accelerate in 2014 and with it will additional training and job dislocation.
Onboading costs will also increase while average salaries will be about 2% higher.
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