Executive search firm Salveson Stetson Group says the senior executives it placed last year received an average pay hike of nearly 16%, and, for the first, out-of-work candidates got offers matching those given to employed executives.
Manufacturers, however, made offers well above the Salveson Stetson average. Manufacturing executives got a 25% pay hike. Human resource executives also did well, seeing an increase of 20%.
Broad implications can’t be drawn from the firm’s data since only 20 executives participated in its annual survey. But it does provide texture to other reports of a resurgence in manufacturing and growing demand for HR professionals.