As Farm Progress reported here a few weeks back, agriculture is booming with employment opportunities for young people coming out of college with ag-related degrees and experience. That's further confirmed by the 2013-2014 Agribusiness HR Review survey.
More than 100 agriculture companies participated in the survey, reports AgCareers.com. The survey data revealed promising trends and compelling data that agriculture is on the rise. The emphasis on human capital is stronger than ever.
Ag workforce demand a growth market
Some 60% of companies in Canada and 65% in the United States expect their workforce to increase in the next two years. And, the AgCareers.com job board has seen an increase in job posting activity that supports this trend.
That's good news to students graduating from ag degree programs. Employers (53% U.S. and 60% Canadian) plan to do more graduate recruitment in the next one to five years. Many industry employers are in need of adept staff. As Farm Progress reported, they're showing up in increasing numbers at ag college career days searching for job candidates and internships at schools like Iowa State, Purdue and Penn State.
Salaries and bonuses rising
More than 90% of the agribusiness survey participants indicated that salaries had increased in the last 12 months. When asked how many of those employees would see an increase in the next year, 97.59% in the U.S. and 100% in Canada said "Yes, to some" or "Yes, to all staff".
Employees can expect an average increase of 2% to 3.5% in 2014, according to anticipated budgets.
Salary isn't the only pay out, though. Bonuses were identified as the key motivator in keeping employees challenged and productive in their roles. Some 40% or more of companies paid performance-based bonuses to more than 90% of their staff in 2013.
To learn more about these trends and discover additional metrics from the Ag HR Review reports, download a free copy at the following links:
2013-2014 U.S. Agribusiness HR Review
2013-2014 Canadian Agribusiness HR Review