Factors That Affect Your Salary – What You Need To Know

Based on the survey results, this job satisfaction is tied to a number of factors. While salary is a leading factor, it is not the only factor. Like previous years, the feeling of accomplishment rated the highest, with solutions challenge, benefits, salary, pleasant work environment, good relationship with work colleagues, and job security also contributing factors. The top four most important benefits are health insurance (63.6%), pension plan/401K (47.7%), flexible working hours (40.5%), and paid time off (33.2%).

Again this year, we asked respondents to tell us if they were currently seeking new job opportunities. Those who are actively seeking new opportunities made up 8.0% of respondents and had an average annual salary of $98,166—about $8,000 less than the average. Passive job seekers made up 36.9% of respondents, whose average salary was slightly less than average at $104,103. Those not seeking new opportunities (55.1%) were making an above average salary of $109,809.

There is a message here for employers. If you are paying less than the industry average, you could very likely lose your engineers. Based on data from automation techies, a recruiting and contract staffing company based in Minnesota, there is a high demand forautomation professionals, and high-quality candidates are hard to find. When companies do find good candidates, the candidates typically have multiple offers on the table. If your company employs high-quality professionals, pay them well, or you may lose them.

refer to:http://www.automation.com/factors-that-affect-your-salary-what-you-need-to-know