Jacobs Management Group, Inc. reposted this
🌐 Nurturing Talent in Human Resources! 🤝 Compensation Insights: 💲 Human Resources VP: Avg. total compensation reaches a robust $314k, reflecting a significant climb from prior data (roughly $270k). Tenure, Promotion, and Time to Fill: ⏰ HR professionals experience a shorter tenure prior to promotion (avg. 2.2 years). 🔄 Time to fill open HR roles has shortened by nearly a month across all positions. Turnover and Cost of a Bad Hire: 🚪 HR turnover has increased, averaging 9.4%. 💸 Cost of a bad HR hire holds steady at $31k, aligning with last year's averages. For HR leadership opportunities, visit jacobsmgt.com to "Hire Top Talent"! 📊 Data Source: Jacobs Management Group, Inc 2023 #HumanResources #TalentDevelopment #LeadershipRoles #HiringStrategies #BusinessSuccess #HRCompensation #CostOfBadHire You can download the 2023 Hiring Report from the link below as well to participate in the 2024 Survey: https://lnkd.in/du9cg_cQ https://lnkd.in/d35FsCJM