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1、1 Cost of Talent 2017 2 In order to assess the cost of talent in each country we asked Business and STEM students what they expect to earn in their first job after graduating university, the exact question being: Q) What salary do you expect to earn in your first job after graduation? (Please provid
2、e a before-tax salary, excluding commissions and bonuses.) About the Survey Based on the feedback from 533,351 Business and STEM (Science, technology, engineering and mathematics) students from 29 countries who participated in Universums 2017 Talent Survey. BUSINESS STUDENTS STEM STUDENTS 308,211225
3、,140 About the Survey Male 89,287 Male 168,116 Female 135,853 Female 140,095 3 Introduction - Why Cost of Talent Matters Talent are more empowered than ever before to choose where they start their professional careers and remuneration will always be a key factor in their employment considerations. A
4、chieving optimum talent attraction requires that you provide competitive wages, however it should not require that you overpay to accomplish this. You have to match your Employer Branding and wages with the salary expectations of your country, market and industry. Universums annual Global Talent sur
5、vey can help you better understand the career expectations of your business and STEM workforce no matter where you operate. Understanding this data should provide you with invaluable insights on how to attract, recruit and retain talent. However, more important than the raw numbers are the trends de
6、rived from them. If you can understand these broad global patterns in terms of what talent in your country or region wants, you can take advantage of opportunities that your competitors cannot and therefore build a stronger workforce. 4 How does employer size/industry affect salary? Micro employer (
7、Less than 10 employees) TRENDS WORTH WATCHING Small employer (10-99 employees) Medium-sized employer (100-499 employees) Macro employer (More than 1000 employees) Large employer (500-1000 employees) Business and STEM talent who want to work for macro employers expect to earn more money In all the co
8、untries that were included in this years Cost of Talent report, we have found that talent from both fields of study who want to work for macro employers expect to earn more money. Employer size 5 Business students in Spain who prefer macro employers are the group within business that expect to earn
9、the most. This group expects to earn 31% more than their business peers in the same country who would prefer to work for small employers. Although Swedish business students who prefer macro employers want to earn more they do not have quite such big differences in expectations, expecting only 4% mor
10、e. These countries are also all in the top 8 of overall salary expectations. These countries have a reputation for higher levels Norway 7 % Switzerland 6 % Canada 5 % Sweden 4 % Employer size Increase in expected salary when also choosing a Macro employer over smaller sized employers: Countries with
11、 the highest salary expectations for business students of pay across sectors and if we look at the salary expectations of people who want to work for small employers, we see them ranking highly in the table on the next page. Notable business findings: 1. Switzerland 2. Denmark 3. United States 4. No
12、rway 5. Germany 6. Australia 7. Sweden 8. Finland 9. France 10. Canada 6 These are the countries where business students who want to work for macro employers expect the most: 1. Sweden0 % 2. Canada2 % 3. Norway3 % 4. Switzerland4 % 5. Malasyia4 % 6. Denmark4 % 7. Singapore4 % 8. Czechia5 % 9. Finlan
13、d5 % 10. Indonesia5 % Country Diff Spain 31 % Kazakhstan 24 % Portugal 23 % China 23 % Employer size Therefore, there is a correlation between overall salary expectations and having similar expectations no matter what size of employer they choose. However, the data still shows overall that you will
14、as a macro employer be expected to pay out more for the top talent than smaller employers. Salary expectations by market STEM talent expect to earn more than their business counterparts in (almost) every market. On the whole, our data shows that STEM talent expect higher earnings than their business
15、 counterparts. The largest difference between these two main fields of study can be found in Brazil, where STEM talent expects a salary that is on average 1.3 times higher than what business students expect, a difference of $5,145. This gap is about the same size for both female and male talent. The
16、 country with the second biggest differences in terms of salary expectations between both fields of study is Canada, where this difference is mostly caused by male STEM talent expecting 1.2 times the salary of male business talent, where female STEM talent contributes less to this difference by expecting 1.1 times of what female business talent wants to earn. 8 $1349 Female UK STEM talent expect to make less than their female business counterparts LESS THAN BUSINESS TAL
