2019 CPG Talent Market Report: Compensation & Benefits
WINE & SPIRITS • BEER • FOOD/NON-ALCOHOLIC BEVERAGES • BEAUTY/WELLNESS/PERSONAL CARE • CANNABIS
This first edition report features detailed cross-industry insights on:
- Retirement contributions
- Attracting & retaining talent with benefit packages
- Paid leave policies
- Raise & compensation trends
WHAT IS THE 2019 CPG TALENT MARKET REPORT?
The 2019 CPG Talent Market Report is an extensive in-depth analysis of cross-industry trends for you to use as a resource throughout your hiring process. As leaders in the people business, we know it takes great talent to drive business and company growth. We surveyed hundreds of talent management decision makers across the consumer products industry who weighed in on their recruitment and retention strategies in today’s war for talent.
In this first edition of this report, we’ll explore benefits and compensation in industries that include wine and spirits, beer, food/non-alcoholic beverages, beauty/personal care/wellness, and cannabis. Future editions will be released throughout the year on such topics as Hiring Trends, Team Structures, and Employer Brand.
Use this comprehensive market report as a tool to help enhance your overall hiring strategy and help you and your team ‘go HIRE.’
RAISE & COMPENSATION TRENDS
Employees in the CPG industry receive generous raises, especially when you compare that number to the national average, which typically hovers around 3 percent. Raise percentages are highest across the cannabis, beauty, and beer industries.
Investing in retirement has changed significantly over the years. As pension plans have fallen by the wayside, an increasing number of companies have ruled in favor of the employee-funded 401(K) program.
PAID LEAVE POLICIES
As millennials grow and mature, the demand for maternity, paternity, and family leave have become the most popular benefits offered among employers.
ACROSS ALL INDUSTRIES
Are you offering fair-market compensation across your organization?
Access cross-industry salary data for the most popular roles in the consumer products industry, including (but not limited to) VP of Sales, Director of Marketing, Supply Chain Manager, Brand Manager.
ForceBrands is the leading specialized recruiting firm for the consumer products industry — we build the teams that build the brands. Our industry-specific divisions BevForce, FoodForce, BeautyForce, and HerbForce offer executive search services, board of director assembly, and a digital job board to connect directly with qualified candidates. We are ‘people for a hire purpose’ and strive to transform the way consumer product professionals of all levels identify employment opportunities and employers are connected to world-class talent. Go HIRE with ForceBrands. FORCEBRANDS.COM
Qualtrics is a survey software tool used to design, send, and analyze online surveys. Qualtrics currently works with more than 9,000 clients worldwide, including 75 percent of the Fortune 500 companies. Their verticals include manufacturing, retail, consumer goods, technology, healthcare, hospitality, food, government, financial services, and academia. Qualtrics Research Services has executed more than 28,000 research projects and works with more than 3,000 clients worldwide while maintaining 90M+ panelists.
Macro compensation, benefit, employer branding, and hiring trends herein are based on an online survey in partnership with Qualtrics conducted between October 8, 2018, and January, 15th, 2019. Salary figures by job title were compiled by using a variety of internal and external compensation data resources.