All You Need to Know: Salary Guide
As you can see from the past year, the job market is ever-changing, and salaries are no exception. Before 2020, when you had a job opening, all you would have to do was post it on a job board and wait for the influx of resumes sent to your inbox. In today’s job market, you have to go out of your way to attract candidates to apply for your company’s job opening.
If you are looking to get a leg up in this job market, staying up-to-date on the latest wage trends is essential. Here is everything you need to know about salaries in 2022. Welcome to City Personnel’s 2022 Salary Guide.
What to Consider When Offering Salaries
When it comes to seeking a new hire for your company’s job opening, there are many things to take into consideration before giving a salary range.
First, what are the main duties of the role you are seeking to fill? How many years of experience are you requiring for the role? Where is the role located?
As you can see, when it comes to hiring candidates, you will need to consider many things before discussing salary. If you are seeking entry level candidates, you can expect to pay a lower wage than if you were seeking candidates with several years of experience.
Additionally, you should consider the location of the position. If your office is in Boston, MA, expect to pay a lot higher salary than if your office was located in Pawtucket, RI.
Also, the size of your company should be taken into consideration when determining compensation. A company with 20 employees and a company with 2000 employees may have the same job opening, but larger companies generally offer higher salaries and bonuses because they have more resources.
Lastly, take into consideration other benefits that you offer. Employees see salary as a significant influence on their decision to join a company, but other benefits are also important. These benefits include PTO, health coverage, sick days, remote work flexibility, and much more.
The 2022 Salary Guide below is just an overview of Providence, RI, salaries in 2022. These are estimations, and many other details we listed above should be considered before deciding how much your company should pay an employee for their work.
Competitive Salary in Today's Job Market
There are many resources online that can help your company to determine a competitive pay for your new job openings. Some resources are free, others cost money, but here is a list of the best options available:
Payscale (Paid): Receive one free report per year on a job opening’s salary information in your area. Additional reports cost $100 each (minimum of 2 purchased at one time)
Salary.com (Free): Search the average salary for different positions in your city. The analysis includes salary, bonus projections, benefits, and more. The free version is for candidates, and the paid version is for employers.
Salary.com (Paid): Salary.com also offers a paid version for employers. The pricing of this item varies depending on your company’s size. With Salary.com’s CompAnalyst®, you get the data and insights you need to make pay decisions with confidence.
Glassdoor Salary Calculator (Free): Compare salaries from every employee that has shared their salary information in your area. Search through industries, company sizes, experience levels, job titles, and more!
Linkedin Salary Analyzer (Free): Compare all the current job openings listed on LinkedIn and find the average salary offered for each job title in your area.
Using Salary.com’s free tool, we created a list of the most popular jobs and the average salary for each. Here are the results:
|Lower Average||Average||Higher Average|
|Accounts Payable Coordinator||$43,700||$48,300||$53,500|
|Accounts Receivable Coordinator||$41,900||$46,700||$51,900|
|Entry Level Administrative Coordinator||$40,400||$44,700||$50,400|
|Benefits & Compensation Manager||$115,600||$132,200||$145,600|
|Call Center Manager||$78,200||$91,400||$104,900|
|Call Center Representative||$33,700||$37,900||$42,400|
|Client Service Specialist||$44,960||$53,370||$62,400|
|Customer Service Associate||$44,900||$53,300||$62,400|
|Customer Service Supervisor||$63,200||$73,650||$85,850|
|Data Entry Clerk||$32,290||$35,880||$40,400|
|HR Generalist Sr.||$83,620||$93,370||$104,120|
|Legal Office Administrator||$63,500||$71,690||$81,100|
|Medical Billing Clerk||$42,200||$45,380||$49,620|
|Medical Record Clerk||$34,860||$39,000||$43,090|
|Order Entry Clerk||$36,900||$41,130||$47,650|
|Shipping & Receiving Associate||$31,710||$34,850||$38,270|
|Social Media Manager||$98,210||$112,350||$128,480|
|Talent Acquisition Manager||$111,120||$127,470||$144,000|
|Talent Acquisition Specialist||$54,900||$62,520||$70,970|
Increased Salary Budgets
According to The Conference Board’s Salary Survey, the average annual raise for current employees is accelerating. In 2022, salaries are estimated to increase by 3.9%, which is the highest rate increase since 2008.
Office/Admin Industry Data
The majority of the positions we fill are administrative roles. With 15+ years of experience working in the Office/Admin Industry, we have seen it change significantly from when we first started. Here is all the information you will need about the Office/Admin Industry in 2022.
75% of the office/admin industry are females.
The top five most searched for skills for office/admin roles include Customer Service, Microsoft Office, Communications, Multitasking, and Microsoft Excel.
The positions with the largest employment increase in the last 12 months were Medical Office Admins, Benefits & Compensation Specialists, and Human Resources Specialists.
The position with the highest turnover is Receptionists at 85%.
RI Labor Market Statistics
Talent is in short supply causing many employers to attempt new ways of attracting and retaining employees. According to Robert Half, almost half of employers are offering incentives to attract and retain workers. With skilled candidates receiving multiple job offers weekly, these tactics could help separate your company from the rest of your competition.
As an employer, it is important to enhance your compensation strategies to retain top performers. If you do not improve your strategy, you will lose your top employees to your competition. Here are some statistics to help make the decision easier.
What You Need to Do
The job market is constantly changing, and it can be hard to keep up with the latest trends. However, in order to stay ahead of your competition, you must be familiar with what to expect in terms of salaries in 2022. By understanding where wages are trending and what skills will be most sought after in 2022, you can ensure that you are taking the proper steps to secure a competitive advantage in your business.
Now that you completed the salary guide for 2022, are you ready to start hiring? If you need help staffing your company’s open positions, we can help! Give us a call at (401) 331-2311, or visit citypersonnel.net/staffing-help!