Universum-2017年人才成本报告（英文版）-2018-26页-2mb

Universum Cost of Talent 2017 Summary

Core Content

The Universum Cost of Talent 2017 report provides insights into the salary expectations of Business and STEM students from 29 countries. It highlights how employer size, industry choice, and gender influence these expectations, offering valuable data for employers aiming to attract and retain top talent.

Main Findings

1. Salary Expectations by Employer Size

• Macro employers (more than 1000 employees) are expected to pay more than micro, small, or medium-sized employers.

• The largest salary differences between macro and smaller employers are observed in:

  • Spain: 31% higher
  • Kazakhstan: 24% higher
  • Portugal: 23% higher
  • China: 23% higher

• The smallest differences are in:

  • Sweden: 0%
  • Canada: 2%
  • Norway: 3%
  • Switzerland: 4%

2. Salary Expectations by Industry

• Both Business and STEM students showed a strong correlation between industry choice and salary expectations.

• The top industries for high salary expectations:

  • Aerospace & Defence
  • Real Estate
  • Financial Services
  • Management & Strategy Consulting

• India had the largest salary gap within STEM, with students in Financial Services expecting 1.7 times more than those in Health Care Services.

• Norway and Sweden had the smallest salary gaps in both Business and STEM, showing relative equality in expected earnings across industries.

3. Gender Pay Gap

• In all 29 countries, male students expected to earn more than their female peers in both Business and STEM fields.

• The smallest gender gaps were found in:

  • Malaysia, Sweden, and Canada (Business)
  • Sweden, Malaysia, and Singapore (STEM)

• The largest gender gaps were in:

  • Russia, India, and Spain (Business)
  • Netherlands, Canada, and Indonesia (STEM)

• Female STEM students in the UK expected to earn $1,349 less than their female Business counterparts, while male STEM students expected $524 less.

• In Russia, female STEM students expected $648 less, and male STEM students expected $1,967 less than their Business peers.

Key Insights

1. Employer Size and Salary Expectations

• Macro employers are perceived as paying more, especially in countries like Spain, Kazakhstan, and China.
• Employers should align their wage strategies with the employer brand and market expectations to attract top talent without overpaying.

2. Industry Influence on Salary Expectations

• Industry choice significantly affects salary expectations.
• Financial Services and Aerospace & Defence are highly desirable for high salaries in both Business and STEM.
• Norway and Sweden demonstrate greater pay equality across industries, suggesting a more balanced market.

3. Gender Pay Gap

• The gender pay gap is a global issue, with males consistently expecting higher salaries.
• Sweden, Malaysia, and Singapore are notable for having smaller gaps in both Business and STEM.
• Employers must be proactive in addressing this gap to improve their employer brand and attract female talent.

Recommendations

• Employers should review their wage structures in relation to market trends and employer size.
• Employer branding should reflect competitive salaries and industry alignment to attract top candidates.
• Addressing the gender pay gap is crucial for improving diversity and attractiveness in the talent market.
• Norway and Sweden are examples of pay equality and can serve as benchmarks for other countries.

Summary Table

Conclusion

The Universum Cost of Talent 2017 report underscores the importance of aligning salary expectations with employer branding, industry preferences, and gender considerations. It provides actionable insights for employers to better understand and meet the needs of the global talent market, particularly in Business and STEM fields.