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Analyzing and Using Salary Survey Data Webinar - ERI Distance Learning Center
posted by: Blog Contributor on 11/05/09 at 11:23:07 |
ERI Distance Learning Center Presents...
Analyzing and Using Salary Survey Data Webinar
Nov 17, 2009, 9:00 AM - 10:30 AM (Pacific)
This introductory webinar will discuss practical guidelines that may be used for identifying, selecting, analyzing, and using market data to complete essential tasks in determining external competitiveness and establishing an effective market-based pay program. The importance of communicating the compensation program effectively will also be discussed, and practical tips will be provided to assist you in "getting the message" to your employees so that they may understand and, ultimately, buy into the program. Full description
Click Here to Sign Up
Learning Objectives:
- Define your organization's compensation philosophy and market pricing objective... more...
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View Salaries by City, State, Job Titles and Positions at SalaryExpert.com
posted by: Blog Contributor on 08/21/09 at 10:59:35 |
SalaryExpert's Free Salary Information...
PAQ gathers job data (jobs of interest), an indication of whether a respondent is an incumbent (asking for years in job), earnings, and then 3 of the 99 work measures found in eDOT. This site and collection construct exists to assist those disabled to identify jobs that they might satisfactorily perform with existing mental or physical residual capacities. This is the only such effort ongoing in America where worker characteristics for specific jobs are captured...
Salaries by City and State
List of salaries, the 100 most-requested cities on SalaryExpert's free Salary Calculator. This list is updated daily!
Salary Survey Da... more... |
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Executive Pay and All Its Components Drop
posted by: Blog Contributor on 08/12/09 at 04:41:47 |
REDMOND, WA - August 7, 2009 - During the most recent 12 months, average Total Overall Compensation of the highest paid executives in US publicly-held companies decreased by 8%. "This 12 month period is the first time every component of Executive Compensation decreased since ERI Economic Research Institute created this index in 1997", observed Dr. David Thomsen, ASA, Director, ERI Economic Research Institute.
The Compensation Indices reflect data from a representative group of 45 companies randomly selected from the approximately 6,500 companies that report compensation data to the Securities and Exchange Commission (SEC). The index has been adjusted to reflect merger activity that has occurred since the inception of the index 12 years ago.
Dollar Changes in Compensation Components - Past 12 Months
From August 2008 to August 2009, Total Overall Compensation of the highest-paid executive decreased 8.0%. The average top executive received $16,091,931 while average company revenues grew 5.1%. During this period all the components of compensation decreased for the highest-paid executive as follows:
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What "industry" are you talking about? Conventional wisdom is often wrong
posted by: Blog Contributor on 05/01/09 at 12:16:47 |
Pay varies by industry, so every pay survey worth its price is an industry-specific survey; but many people today don’t even know what their industries are. Industry categories exist to classify the various types of enterprises that make goods or provide services. The problem is, the kinds of categories used by bureaucrats, economists, data collectors and information classifiers are not the kind of industry categories used by the typical person on the street.
If your employer is a fast-food place, it is really a subset of the Standard Industrial Classification (SIC) code for Eating Places. SIC codes are used by the Securities and Exchange Commission that regulates corporate stock markets, so that code remains in use even though it is an old-fashioned four-digit code. The new North American Industry Classification System (NAICS) required on American business tax returns has more digits and provides for both Take-Out Eating Places and Buffet Eating Places. But there is no officially recognized industry named "fast food" in the United States or Canada or Mexico, which all use the NAICS code system.
It gets even worse with new popular terms like "technology," wit... more... |
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What will happen to pay this year?
posted by: Blog Contributor on 04/21/09 at 04:13:46 |
Depending on where you work, you might notice nothing different or see everything change dramatically. While overall broad pay increases should be more conservative than expected when plans were made a year ago, individual employer reactions to the global economic downturn will be quite variable.
“The recession” has resulted in pretty broad layoffs and staff-trimmings in some firms, but most current employees at large enterprises have not experienced personal reductions. All indications so far are that belt-tightening (especially notable in the Executive Suite) is the standard response of all employers troubled by the economy now. Precise metrics showing who is doing what, in the overall scheme of thing, seem to add up to exactly the type of moderated future increase rates we have been forecasting. National economies and global industry patterns are like ocean liners… they don’t stop on a dime or make sharp turns that tilt your water glass or spill your coffee.
To continue the nautical analogy, the seas will be turbulent. Some will be bothered, others can ignore it, some will... more... |
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If your company has been bought by another that pays less, will you have to take a pay cuts?
posted by: Blog Contributor on 04/17/09 at 11:03:09 |
The question was asked: When Company, A, acquires another company, B, and the employees from both are now working together, what do you do when the employees that come over from Company B are making an average of $5/hour more? They are doing the same type of work. Company A had issued a raise freeze months ago because of the economy. What do you do in this type of situation?
Answer to “How do you pay employees at the company you just acquired?” In cash or check/cheque, on time and in negotiable currency.
The amounts you pay to each depend on your chosen pay structure philosophy.
Perhaps Company A is a much smaller enterprise in a lower paying industry than Company B. Or Company A may be in a labor market where many competent workers are available and willing to work for even less than Company A pays. In cases like that, you might keep both separate and independent pay structures. With those circumstances, they are appl... more... |
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When do you earn the most? At what point in your career will your earnings peak?
posted by: Blog Contributor on 04/14/09 at 03:23:06 |
If you are good at what you do and there are people willing to pay you for your talents, your earnings will tend to rise continually.
Even though there is no rule that says that employers will automatically pay you more for each year of experience you have in a specific type of work, that is the way it usually works. The relationship of pay to years of job experience is called a maturity curve. For individuals, the curve is an upward ramp with the highest numbers coming near the end of their careers. For entire job populations, covering all the people holding a single job, the maturity curve may look like a bell.
Higher level management positions are NOT paid on a maturity curve (according to years of total experience in the job) but on an organizational size dimension so their pay rises or falls with size changes. This is the case in all total compensation schemes where a substantial portion of top executive remuneration is granted in the form of at-risk stock options or bonuses or such.
Non-executives, professionals and lower lev... more... |
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The 2010 US Census from ERI Economic Research Institute
posted by: ERI Economic Research Institute on 04/07/09 at 03:17:59 |
| One of the first actions of the new US administration was to order the Census Director to report directly to the White House. Whether this is positive or negative is unknown. (One of the mandates of the Constitution, other than limiting federal power, is for a national census.) The 2000 Census differed from the 1990 Census in that it grouped counties, mainly western, into census sectors (e.g., 23 in Colorado), as compared to the discrete county study in the 1990 Census (e.g., 63 in Colorado). This greatly masked demographic trends. ERI’s Geographic Assessor provides an estimated restatement of 2000 Census data into more finite county estimates, capturing the 1990 to 2000 trend. This trend is then used for “to-date” projections in various Assessors: the Relocation Assessor’s plant relocation cost modeling, the Salary Assessor’s estimate of actual job incumbent populations, the more... |
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The Health Care Cost Issue Isn't Going Away
posted by: ERI Economic Research Institute on 04/03/09 at 03:09:44 |
Health care benefit costs continue to affect salary planning. ERI’s perspective is mathematical, as reflected in the Rule of 72. Divide a percentage (%) into the number 72, and you get the approximate number of years for a sum to double. Much is written about the rise in US health care costs as compared to wages. ERI sees it as simply a mathematical problem.
On average, health care costs double every 7+ years at 10%, and average workers’ wages double every 24 years at 3%. In 1967, health care costs were but 5% of wages. Mathematically, there are only so many dollars to be expended on employees’ labor costs. We can debate the when and how, but someday soon the cost of employees’ health care will exceed average salary/wage costs because of the Rule of 72. It is a mathematical certainty. An important policy question is whether the US can be competitive on the world market with benefit costs increasing unabated. The February Stimulus Bill provided funds for coverage of the uninsured; cove... more... |
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Where can I find employers for what I do best? Here’s a free Occupations tool from ERI Economic Research Institute.
posted by: Blog Contributor on 03/31/09 at 11:40:32 |
How can I find a place nearby that can use my skills? Here is your chance to see how. Download the free edition of the product that answers two tough questions:
1) Based on my skills and work background, what jobs can I do?
and
2) What firms in my area have these jobs?
You can find over 10,000 jobs and 12,000,000 employers in this research database, with the address of the company and the phone number of the employment contact person. If you are partially disabled or find yourself suddenly without a job, this can be a big help. At no cost.
ERI’s Occupational Assessor™, is an easy-to-use program that gives details about jobs under new US FLSA overtime rules, while helping those who want to reenter the workplace do that the best way possible. The Occupational Assessor Demo now includes... more... |
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