Online information makes researching salary ranges easier than it has ever been in the past.
For agencies to grow new business, they have to attract and retain talent. The turnover rate within the industry is over thirty-percent. It’s time for agency owners to get serious about inspiring their employees and keeping them happy. And, according to 24 Seven’s recent Salary and Job Market Report, salary is the number one driver of job satisfaction.
According to the study, employees are concerned about staying employed, having the skills to move forward professionally and climbing the career ladder both in position and salary.
The salary and employee benefits your agency provides serve a major role in recruiting, retaining, and motivating staff. Here are some additional insights from this report:
- Median salary for the industry rose to $77,000 in 2013, compared to 2012’s reported $73,000 and $68,300 for 2011.
- Medical insurance was cited by the majority of responders as the most valued benefit.
- Employees valued flex-time and telecommuting as additional benefits.
- The study also found that digital talent was most in demand, but design and creative services talent was the hardest to recruit.
- Fifty-seven percent of responders indicated that the hiring of freelancers is an integral part of saving costs.
- A company’s reputation as an employer was cited as being very appealing.
A collection of salary guides and additional resources to help with your agencies staffing solutions.
- TalentZoo’s “How to Make (and keep) great hires for your agency” and Salary Monitor
- The 2012 AMR Salary & Benefits Survey Report (available for purchase at $99)
- Advertising Agency Industry Statistics
- AIGA | Aquent Survey of Design Salaries 2013
- 4A’s 2013 Employee Compensation Study (membership required)
- Key Principles for Structuring Compensation for Agency Executives
- New Business Or Sales People – Commission Or Salary?
- Blair Enns: Business Development Compensation
The 2014 Salary Guide marks the 14th year that The Creative Group’s (TCG), has published data on starting compensation levels for creative and marketing fields. It provides the latest compensation data and hiring information to help you make the most informed staffing choices for your agency.
The “Onward Search Salary Guide for the 10 Hottest Digital Creative Jobs” lists the ten most requested professional’s from Onward Search, a leading staffing agency for digital marketing and interactive design talent.
© 2012 Onward Search