Florida Salary and Benefits Survey: Employee Turnover Down, Merit Raises on Slight Rise


Florida Salary and Benefits Survey: Employee Turnover Down, Merit Raises on Slight Rise

Holiday, FL (ContentDesk) October 27, 2005 — Effective Resources, Inc., in coordination with the HR Florida State Council, a council of the national Society for Human Resource Management, has conducted their annual statewide salary, wage and benefits survey. The surveys include data reported from over 530 Florida employer participants, representing more than 2.1 million employees. Aggregate wage information is reported for 331 jobs with data break-outs by region/county, industry, company size, and more.

The regional surveys cover Tampa Bay, South Florida, Central Florida, Gulf Coast, Space and Treasure Coast, North Florida and Panhandle, Northeast Florida and the overall survey covers the entire State of Florida. The wages reported are as of August, 2005, and include industry groups such as Banking, Finance and Insurance, Government/Education, Healthcare, Hospitality, Manufacturing and Distribution, Not-for-Profit, Staffing/Employer Services and Retail.Among the highlights of the survey:-Employee turnover has decreased over the past year for Florida employers.

Florida is 2.3% — down from the 2.9% reported last year, and 2.7% the previous year. Monthly turnover rates since last year vary among industry groups with the highest group being Hospitality at 4.2%, followed by Retail at 3.6% per month. Monthly turnover in the smaller organizations (under 50 employees) dropped from 3.2% in 2003 to 2.7% in 2004 and dramatically lowered to 1.9% in the latest survey.- Continuing the trend that started in recent years, the planned average merit increase is less than 4.0%, the survey found, but slowly climbing towards the 4 percent level last seen in the 1990s.

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