Bullhorn Sponsored Staffing And Recruiting Industry Study Finds Compensation Outpaces Other Industries

Boston (PRWEB) August 28, 2006

Bullhorn, the global leader in On Demand staffing and recruiting software, today released the 2006 Compensation Trends research report. Sponsored by Bullhorn, the report covers the latest trends in staffing and recruiting professionals’ pay, compensation and benefits packages, which are likely to remain competitive and attractive as talent becomes harder to find and top organizations continue to place a premium on talent. To receive a free copy of the report, please visit http://www.bullhorn.com.

“As the economy grows and demand for high quality workers increases, many companies turn to the recruiting and staffing industry for assistance, therefore driving demand for recruiting and staffing services and higher compensation,” said Art Papas, CEO and co-founder of Bullhorn. “Staffing and recruiting firms that employ an On Demand integrated front office solution are able to source and fill job orders at higher rates than their competitors, further driving sales productivity and compensation.”

Despite uncertain economic conditions and lower than average pay increases, staffing and recruiting professionals’ compensation is on the rise, increasing more than 10 percent in two years. While salaries varied greatly among survey participants, the average expected salary of staffing and recruiting professionals for 2006 was $82,000 (not including bonuses). In addition to increasing salaries, staffing and recruiting professionals are also receiving non-wage compensation. Comparatively, most other industries are seeing relatively slow wage increases (3-4 percent is the average) and decreasing benefits packages. Pay, benefits and bonuses vary greatly depending on experience, and recruiters who stay in the industry can make six digit salaries after only a few years. Nearly 500 staffing and recruiting professionals, from every industry throughout the U.S. and Canada, participated in the study, which was conducted during the second quarter of 2006.

The survey also found:

• The office services market had a higher concentration of staffing and recruiting professionals with salaries in the $25-$50K range and tended to be less experienced than in other industry vertical markets
• Staffing and recruiting professionals who work outside of the U.S. tend to be more experienced and better compensated, e.g. a higher concentration of Canadian recruiters had average salaries in the $100K+ range, and fewer average salaries in the $25K-$50K range, compared to their U.S. counterparts.
• There is a strong correlation between compensation and industry experience. Recruiting and staffing professionals with over ten years of industry experience had an average salary of over $150,000.
• Only two percent of respondents said they had no benefits options through their employers. The most commonly cited benefits included medical and dental insurance, 401(k), flex time, vacation time and expenses. Some of the less traditional benefits packages included a “fridge full of beer,” pet and child-friendly offices and in-office massages.

“The continued strong salary increases over the last few years are an indication of the value placed on [staffing] professionals’ contributions to the organization,” said Steve Williams, Director of Research at the Society for Human Resource Management (SHRM).

About Bullhorn, Inc.

Bullhorn is the global leader in On Demand, front office staffing and recruiting software, providing the only completely integrated front office solution for staffing and recruiting firms. Bullhorn enables its customers to synchronize sales and recruiting to generate, source and fill job orders in real-time, at anytime and from anyplace, at the highest rates in the industry. Delivered through software as a service, Bullhorn continually meets the evolving business needs of its customers. More than 400 firms and 6,000 users worldwide, including two of the top 10 U.S. staffing firms, partner with Bullhorn to meet the employment demands of the global economy. Privately owned, Bullhorn is backed by GE Asset Management and others. For more information, visit http://www.bullhorn.com or call +1(866)538-7795.

Media inquiries please contact:

Alison Kenney

Bullhorn, Inc.

(781) 842-0801

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