AgCareers Releases Compensation During COVID-19 Report

A special report from AgCareers highlights agriculture's workforce and compensation during the Coronavirus pandemic. The special report provides a hyper-focus on the most critical components facing agribusinesses during COVID-19. The topics include workforce planning, wellness/benefit programs and compensation practices related to salary administration for 2020 and 2021.

The report finds 81% of agribusinesses did not have to make staff changes during the pandemic, and nearly 20% increased hiring of permanent and temporary employees. Most agriculture organizations were able to provide consistency regarding salary increases for 2020, and losses the Roughly a third of organizations had already implemented 2020 increases before the pandemic.

A combined 30% of organizations did report being undecided, delaying or canceling previously planned increases. Looking ahead to 2021, companies continue to plan for increases, only 17% indicating it was not likely for salaries to increase. The prevalent estimated salary increase budgeted was 2.6-3.0%.

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