2021-2022 MID-MARKET TALENT ACQUISITION, EXECUTIVE COMPENSATION, AND CULTURE STUDY, POWERED BY INSPERITY
“The pandemic has created changes for emerging and mid-market businesses and the talent they have and the talent they need, that simply won’t be undone.” — Nick Araco, AchieveNEXT CEO
INTRODUCTION
In August 2021, AchieveNEXT, in partnership with Insperity, surveyed a cross-section of US-based emerging and mid-market CFOs and CHROs about talent acquisition, executive compensation, and workplace culture. The resulting study provides finance, HR and other C-suite leaders with a reliable, unbiased source for benchmarking talent acquisition, executive salary, incentive programs, talent acquisition strategies, and culture against similar enterprises. After the whipsaw of the last couple of years, it is more important than ever to understand the packages and practices that will attract and retain the people needed to drive enterprise growth and success to the next level. In this, our 8th annual compensation and culture survey, we go beyond the numbers about CEO, CFO, CHRO, and other executive pay to look into what factors are in the talent equation: pay and benefits, to be sure, but also talent planning, culture, personal growth and development, and the other elements, tangible and intangible, that attract people, retain them, and motivate them to do their best. The lesson from the numbers now: It’s time for emerging and mid-market enterprises to be more active investors in the capabilities and processes that attract and keep key people. Money isn’t enough. Benefits aren’t enough. And nor are “easy” soft benefits like the fact that most employees are on a first name basis with the CEO. No, what’s needed are specific investments that make leaders better, help all employees grow, and bring in new and diverse talent pools. Eighty percent of the respondents represent enterprises with annual revenues between $10 million and $1 billion. Nearly 75% of the surveyed companies are privately held; 12% are non-profit; and more than 50% have no private equity or venture capital backing them. To discuss the results, request a customized analysis or for more information about AchieveNEXT and the CFO Alliance and CHRO Alliance Peer Advisory Networks, contact AchieveNEXT Networks’ Member Engagement team and Greg Wood, at Greg.Wood@AchieveNEXT.com.
2021-2022 Mid-Market Talent Acquisition, Executive Compensation and Culture Study — Powered by Insperity I 3
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