Highs and Lows of Compensation and Benefits 2016 [Infographic]
There are a lot of tools HR can use to attract new employees to a company, but when it comes down to it, compensation and benefits are the literal bottom line.
How does the U.S. stack up when it comes to compensation and benefits for its workers?
In some ways, it “Trumps” the world. It ranks #1 for salary, with 56 percent of Americans considered to be “high income”.
Worldwide, only 7 percent fall into the high income category.
But as you’ll see in the compensation and benefits infographic below, themed on this year’s headline-grabbing presidential race, the U.S. isn’t always “winning”.
In terms of healthcare, it’s number 1 – but only if you’re looking at the cost per citizen.
And when you looks at paternity leave, the country does poorly – it’s one of 4 countries worldwide that offers 0 weeks paternity leave. Compare that with Sweden or South Korea, where parents get more than a year leave.
See how the U.S. stacks up on salary and pay equality with this 2016 election themed infographic
The infographic below provides additional numbers on U.S. compensation and benefits.
We hope that these stats were interesting!
Want to learn more about how to strategically use compensation and benefits to improve your company? Check out this article.
Also, if you’re looking to simplify your HR, take a free trial of CakeHR’s software here.
Adam Seabrook is Co-Founder of Betterteam (a recruitment platform for small businesses). Before Betterteam Adam spent 10 years recruiting for companies like Google, Atlassian, Dell, Symantec, Coca-Cola, Bigcommerce, and Oracle. He lives in Sydney, Australia.