Salary and Benefits Review 2023

Each year, Tiger Recruitment releases a Salary and Benefits Review. Our 2023 version is a powerful sounding board that you can use to elevate your hiring strategies.

What’s included in the report?

This detailed report includes data collated through a comprehensive survey and Tiger’s wealth of experience in recruitment and hiring. For the 2023 edition, we surveyed over 800 professionals working in New York City across the Business Support, Private Household, Finance and Accounting, and HR sectors. It includes valuable statistical information on the priorities and attitudes of jobseekers and NYC employees.

How the report can benefit your business

It is vital for a modern business to stay on top of the desires of employees and to be able to offer cutting-edge packages. This will be crucial in attracting new talent, as well as keeping your existing staff happy and motivated.

This report offers data-driven insight into the minds of NYC professionals and a valuable tool that you can use to define your own hiring strategies.

Following the unpredictability of last year, when a record number of employees left their jobs and asked for increased salaries, use our report to discover what your target employees are looking for now.

Highlights of this year’s salary survey

• Almost half (41%) of respondents stated that ‘wanting a salary increase’ was the primary reason for leaving their last job, where 32% answered ‘wanting more flexible working’
• Intriguingly, 57% of jobseekers answered that benefits are their top priority in a job, more important than salary that was the main priority for 48%. Only 1/5th of respondents said they’re happy with their current benefits package, meaning that this is an area where employers have everything to gain in prioritizing
• Values alignment is more critical than ever, with 89% of respondents unwilling to work for an employer that doesn’t uphold their own values
• After a year of economic uncertainty, 44% of respondents said that recessionary fears prompt them to stay in their current role
• An employer’s DEI commitment remains high on the agenda, with jobseekers voting it as the 4th most important priority (37%) after benefits, salary and job security
• The vast majority (92%) of those surveyed agreed that employers should be paying a premium to work full-time in the office. Hybrid working remains the preferred mode of working and jobseekers are unlikely to budge on this demand

Request your copy of the Salary and Benefits Review here.

We hope you find the document useful. Should you have any questions, please don’t hesitate to get in touch.

Author Amy Laiker Tiger Recruitment Team