Announcements, News and Useful Intelligence
From The Croner Company
Staying Competitive for Hiring: Data-Driven Decisions Make an Impact
In today's dynamic and competitive marketplace, staying competitive for hiring requires more than just intuition; it requires data-driven decision-making. The Croner Company offers an invaluable resource that could significantly impact your business strategy: industry-specific compensation surveys. A compensation survey offers extensive market analysis, enabling companies to fine-tune their compensation strategies [...]
Geographic Pay Differentials & Remote Work
As permanent remote work becomes more entrenched, the use of geographic pay differentials is gaining traction. C2HR’s Annual Compensation Surveys have long revealed that geographic-based pay is well established among connectivity companies. Content developers are now also offering pay differentials…but gaining employee acceptance can be [...]
Why Participate In a Compensation Survey?
Industry-specific compensation information provides a clear competitive advantage to employers. With validated market data in hand, you won’t overpay new recruits to remain competitive. Decisions about pay can be made based on actual market rates – rather than anecdotal or self-reported [...]
HR Learning Series: Industry-Specific Compensation Benchmarks & Trends – Live Webinar
C2HR Content & Connectivity Human Resources HR Learning Series: Industry-Specific Compensation Benchmarks & Trends Live Webinar on March 14, 2024 at 2:00 ET Compensation continues to be in the spotlight as pressure to ensure pay equity and the implementation of pay transparency laws continues. In several states, employers can no [...]
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 [...]
Salaries for Software Gaming Talent Continued to Grow in 2023
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 software gaming jobs was for executive-level positions. The increase was driven by strong growth in short-term incentives. Considered the [...]
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 [...]
Moderate Compensation Growth for Digital Media and eCommerce Positions
The recently published 2023 Croner Digital Content and Technology Survey provides in-depth market data on compensation for jobs specific to internet and mobile content and transactions. Noteworthy findings from the 2023 report include [...]
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…