In 2011, the competition for talent has heated up, according to a recent report from CEL & Associates, Inc. It's President and CEO Christopher Lee identifies several more hiring trends and statistics for the coming year.
• Hiring up 3 percent to 6 percent
• Greater reliance on performance scorecards, quantitative performance measures and long-term incentives
• Greater use of temporary employees, independent consultants and “try-before-you-buy” employees
• Upgrade/replacement hiring up 7 percent to 9 percent
• Return of 401(k) contributions by employer
• Continued “pass through” of higher healthcare costs to employees with healthcare costs rising 8 percent to 9 percent for 2011
• Salary/wage increases will increase 3 percent to 3.3 percent (91 percent of real estate firms expected to award base salary increases in 2011)