News & Trends

News & Trends2024-01-11T17:06:34-08:00

Announcements, News and Useful Intelligence

From The Croner Company

Connectivity Providers and Content Developers Balance Increasing Employee Pay While Remaining Disciplined Financially

Lower bonuses for connectivity providers and content developers reflect an overall desire to have stronger base salaries in order for talent to have the security of guaranteed compensation. It is a balancing act for companies as they continue to prioritize pay equity and pay transparency while still facing economic headwinds. [...]

Does Participation in a Compensation Survey Make Sense for Your Company?

Why participate in a compensation survey? Compensation survey results provide defensible data for market practices for all components of the pay proposition, including base salaries, bonuses, equity awards and sales incentives. Compensation survey results provide insight for how to attract and retain valued skills and employees in competitive markets, including [...]

January 8th, 2024|News & Trends|

Salaries for Software Gaming Talent Continued to Grow in 2023

Croner Software Games Compensation Survey                         The recently published 2023 Croner Software Games Survey – North America shows that salaries for software gaming talent experienced steady compensation growth year over year. The greatest increase in salaries for [...]

Entertainment Jobs Experience Steady Compensation Growth

The annual Croner Entertainment Survey provides comprehensive compensation data for entertainment jobs, including film, television, music, digital and other entertainment such as live events and theme parks. It includes data for positions at all organizational levels, from executive to hourly, across a broad range of job families. In the recently [...]

For Local Media Jobs, Growth in Compensation Varies by Market Rank

The recently published 2023 Croner Local Media Survey provides in-depth market data for compensation growth at local media stations. The report provides data for compensation for jobs specific to local television and radio stations and local advertising sales jobs. The survey results include data from television stations, radio stations, MSOs [...]

Reduction in Salary Adjustments Anticipated for 2024

Reduction in Salary Adjustments Anticipated for 2024 The 2023 Croner Salary Budget Survey revealed that budgeted salary increases in 2023 are consistent at last year’s forecasted increase.  However, budgeted salary adjustments for next year are expected to decrease. The findings as August 2023 concluded that among all Croner survey participants [...]

If You Think Related Industries Pay Alike, Think Again

As businesses seek new ventures, entering a related industry seems natural. Similarities should make it easier to attract and retain talent. Right? Unfortunately, the rules you know governing compensation may not apply. To create pay practices that resonate, you must understand the new business, its roles and unique competitive characteristics. For five strategies to better understand industry-specific compensation READ MORE…

Steady Growth in Pay for Animation and Visual Effects Salaries in the U.S. and Canada

The recently published results of the 2023 Croner Animation and Visual Effects Survey shows noteworthy trends in compensation from the past year for animation and visual effects salaries from leading companies in the industry. Croner’s annual report provides in-depth market data for jobs specific to the producing animation and visual [...]

Geographic-Based Pay: Is It Right for Your Company?

With the worst of the pandemic over, employers realize that many workers who relocated during COVID aren’t returning. If your company suspended location-based pay during the uncertainty of the pandemic, it’s time to reinstate the policy. For tips on deciding whether and how to implement geographic pay differentials READ MORE…

Turn Pay Transparency Into a Competitive Advantage

You’ve done the heavy lifting to comply with pay transparency laws. It’s time to reap the rewards. Embedding transparency into your compensation philosophy, adding context to pay ranges and implementing a strategy for communicating them can result in a competitive advantage for your company. The Croner Company outlines five steps for turning pay transparency into a competitive advantage. READ MORE…

Upward Trend Continues in Hiring Hybrid and Fully Remote Employees in the U.S.

The recently published 2022 Croner Software Games Survey – North America shows that jobs at U.S. software gaming companies experienced material compensation growth in the past year. Noteworthy findings from the 2022 report include [...]