Hiring and Compensation Trends

HIRING AND COMPENSATION TRENDS

2 COVID-19 disruption brings challenges and opportunities for job seekers

Many companies remain resilient — and plan to hire skilled talent in 2021.

But competition for job openings will be fierce.

3 Top 3 hiring changes due to COVID-19

1 2 3 Conducted Shortened the Advertised fully remote interviews hiring process remote jobs and onboarding U.S.54% U.S. 42% U.S. 42%

Source: Robert Half survey of more than 2,400 senior managers in the U.S.

4 Top 5 changes prompted by working during COVID-19

United States

1. More frequent communication from leadership

2. Improved collaboration

3. More innovation

4. Greater transparency into business priorities

5. Clearer sense of purpose

Source: Robert Half survey of more than 2,800 senior managers in the U.S.

5 Many employers worry about keeping top talent

More than 8 Top 3 reasons for concern: in 10 managers are concerned • Low employee morale about retaining valued employees. • Employee burnout due to heavier workloads

• Reduced compensation levels

Source: Robert Half survey of more than 2,800 senior managers in the U.S

6 COVID-19 has many workers rethinking priorities

74% want to work remotely more frequently following the crisis.

are more motivated to be employed at an organization 60% that values its staff during unpredictable times.

33% want to pursue a more meaningful or fulfilling position.

Source: Robert Half survey of more than 1,000 U.S. workers, 2020 7 8 A focus on recruiting for business-critical roles

Law firms and corporate legal departments seek candidates who have the required skills and experience — and can make immediate contributions with minimal training.

9 Sectors driving legal hiring

Banking and finance Insurance

Education Technology and software

Healthcare and pharmaceutical

10 Top skills and experience

• Bachelor’s degree • 3+ years of experience • Communication skills • Business development • English/Spanish bilingualism • Clinical trials experience • eDiscovery and trial preparation • Cybersecurity and data privacy • Legal research • Microsoft 365 tools and case • Technical proficiency management software

11 Employers value experience in legal support staff

The most sought-after positions require considerable experience in areas such as:

• Contract administration • Estate planning • Intellectual property • Corporate governance • Compliance and contracts

12 In-demand practice areas

• Bankruptcy, restructuring and insolvency • Contracts • Healthcare • Labor and employment • Litigation • Privacy, data security and information law

13 2021 salary tables

25th 50th 75th 95th

Candidate: Little or no Candidate: Average Candidate: Above-average Candidate: Exceptionally prior experience in the experience; has the experience; has most or all strong skills, expertise position; still developing majority of the necessary of the necessary skills; may and experience, often relevant skills skills have specialized over and above what is certifications necessary; has specialized certifications

Demand: Low Demand: Moderate Demand: High Demand: Very high

14 CurrentCommon Compensation benefits employees Trends want most — and what employers are offering

Health insurance tops Most wanted benefits workers’ benefits wish list % Companies offering

Health insurance (U.S.)/extended Life insurance and health insurance (Canada) AD&D insurance Leave of absence/ 68% 54% sabbatical 34%

Paid time off 63% Vision insurance 52% Tuition assistance or reimbursement 33%

Dental insurance 59% Disability insurance (short- Pretax programs 26% term and/or long-term) 46%

Retirement savings plan 55% Employee assistance program 42%

15 Current Compensation Trends

Flexible schedules Most wanted benefits most valued perk % Companies offering

Flexible work schedules 46%

Most valued Remote work options (separate from stay-at-home orders) 44%

perk: Paid parental leave 33% flexible work Employee discounts 26% schedules Company-subsidized meals or snacks 24%

Paid time off for volunteer activities 21%

Matching-gifts programs for employee donations/fundraising 19%

Unpaid sabbatical 15% 16 Employees’ preferred flexible work options

Flextime/nontraditional eight-hour day 45%

Completely flexible (40 hours, any time during workweek and weekend) 44%

Compressed workweek (e.g., four 10-hour shifts/week) 32%

Windowed work (eight hours/day, any time during workweek) 16%

17 Be resilient

Disruption is difficult, but resilient professionals who can adapt to change will always be in demand.

18 Our Salary Calculator

Our online Salary Calculator makes it easy to quickly customize salary data for your city: roberthalf.com/salary-calculator Get more career and salary insights at roberthalf.com