From craft brews to legacy brands, the beer industry is bubbling over with exciting new products, trends, and innovations. And when it comes to attracting and retaining top talent, the beer industry has a lot to offer.
As part of our 2019 Talent Market Report, we’re pleased to introduce you to our specialized beer industry edition that explores the most popular incentives currently being offered; insights into what’s ahead for 2020; retirement benefits and leave averages; relocation package offerings; alternative incentives when unable to match desired salary; annual raises and variable pay incentives; and fair market compensation data.
We surveyed more than 500 full-time professionals across the consumer products industry to examine the CPG talent market in more detail. This report looks at the data from the wine and spirits respondents who make up 21 percent of the total participants surveyed. Our respondents — hiring decision-makers including leaders at the Director, President/VP/SVP, C-suite level — were recruited to gather compensation and hiring data.
Some highlights from our data include:
• Those who work in the industry can cheers to the fact that average annual raises are among the highest in CPG at 12 percent — 2 percent higher than the cross-industry average.
• When it comes to benefits, beer companies of all sizes prioritize similar benefits: paid maternity leave and retirement programs like 401(k) plans top the list.
• Beer companies of all sizes are more likely to source local talent who possess regional knowledge of the market rather than favor robust relocation packages.