IOMA’s Report on Salary Surveys has been one of IOMA’s best-renewing publications from its inception in early 1993. The Report analyzes data from major salary surveys released during the year by the biggest compensation survey companies, WorldatWork, SHRM, state HR societies, and the Big Four accounting firms, to give readers an overview of those expensive, hard-to-manage services. RSS’ goal is to provide data HR managers, VPs of Benefits, Compensation Directors, Treasurers or Controllers can use to determine competitive compensation packages and control payroll costs. IOMA’s Report on Salary Surveys is a must-read for any manager in HR, Compensation/Benefits who does the research and groundwork that helps to create a company’s salary scale. RSS includes a Calendar of compensation-related events, a quarterly survey source index, and exclusive data from IOMA’s in- house survey dept.
Companies continue to struggle with the faltering economy, meeting the demand for specific talent, and trying to anticipate the business climate for next year. As a reflection of that, compensation levels rose for certain jobs and fell for others, according to Mercer’s Market Pulse Report. In addition, early findings from Mercer’s 2009/2010 US Compensation Planning Survey forecast 3 percent increases for employees overall.
Reducing headcount is one of the fastest ways to cut costs—the effects are immediate. Many companies have trimmed their payroll during the past few months in an effort to stay afloat during these shaky economic times. But as more employees have gotten a pink slip, have they also received severance pay to lessen the blow?
Salaries for marketing professionals are in a holding pattern. While this isn’t exciting news for those who are looking for a raise, it is better than the salary declines faced by some job titles. This is according the Creative Group’s 2009 Salary Guide and the 2009 National Salary Guide of Direct and Interactive Marketing from Crandall Associates. Data from Salary.com provides further insight into current pay levels.
Since bad news about the economy and the job market abounds, it is little wonder that everyone is worrying about their employment situation. The annual Engineering Salary Survey from Machine Design found that 68 percent of engineers said they were unsure of their job’s stability. However, only 39 percent of their companies have terminated employees in the last year. In addition, overall salaries are up to $81,200, compared to $78,300 from last year.
Average starting salary offers appear to have remained flat in comparison with 2008, according to the National Association of Colleges and Employers’ Salary Survey, the first report for the class of 2009. Last year, the average starting salary to all bachelor’s degree graduates was $49,300 (Winter 2008 Salary Survey), representing a 4 percent increase from the previous year. Currently, the overall average salary offer made to all bachelor’s degree graduates is $49,353.
Exclusive IOMA Survey Reveals Merit Pay Increases for 2010 Engineers Remain in Demand With Pay to Match Survey Shows Salaries for Sales Staff Are Retention and Recruiting Still Issues in Today’s Economy? Survey on Salaries for Support Personnel…
Pay at the Top: Executive and Board Compensation Conference, New York City, Sept. 16-17. Contact: The Conference Board, 212-339-0345; customerservice@conference-board.org; www.conference-board.org
Total Rewards 2009 Asia Pacific Conference, Hong Kong, Oct. 7-9. Contact: WorldatWork, 877-951-9191; customer relations@worldatwork.org; www.worldatwork.org
Total Rewards 2010 Conference and Exhibition; Dallas/Fort Worth, May 16-19, 2010. Contact: WorldatWork, 877-951-9191; customerrelations@worldatwork.org; www.worldatwork.org…
Hard to Fill ‘Hot’ Jobs
Engineers, nurses, and skilled trades continue to be among the nation’s most difficult positions to fill, according to a survey by Manpower Inc. (www.manpower.com). In the four years of this survey, these positions have been on the list, according to Manpower. The 2009 Talent Shortage Survey Results reveals tough-to-fill positions worldwide and by country. …
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Human Resources
