Human Resources: Compensation Surveys

Ohio Employees Pack Their Bags for a Summer Vacation
As the weather heats up, many employees are packing their bags for a summer vacation.

Thinking of Retiring on the Beach? Start Saving Now.
Most U.S. employees know they should save more for retirement. However with the personal savings rate at negative 1.4 percent (www.bea.gov/newsreleases/national/pi/pinewsrelease.htm), individuals are spending more than they earn, depleting their savings and increasing debt.

2007 Pay Increase Budgets Grow in Minnesota and Wisconsin
The newly released Compensation Data – Minnesota/Wisconsin annual survey of 143 companies found pay increase budgets are 3.73 percent for 2007 and are projected to stay the same in 2008.

Arbita Sponsors HR-XML Global Partnering and Integration Summit 2007
HR-XML Global Partnering and Integration Summit Brings Together HR Industry Thought Leaders in Technology and Strategy

Cost of Co-Pays for Non-Formulary Drugs Continues to Increase in Iowa and Nebraska
In past months, large retailers have made news with plans to reduce the cost of some generic prescriptions.

Indiana Employees Pack Their Bags for a Summer Vacation
As the weather heats up, many employees are packing their bags for a summer vacation. According to the newly-released Compensation Data - Indiana results, exempt employees with five to nine years of experience have 14.8 vacation days on average. Non-exempt employees with the same years of service have 13.7 days.

U.S. Employees Pack Their Bags for a Summer Vacation
As the weather heats up, many employees are packing their bags for a summer vacation.

Iowa and Nebraska Health Care Costs Increase in 2007
Seventy-two percent of companies in Iowa and Nebraska had a health insurance premium increase, according to the Compensation Data 2007 – Iowa/Nebraska annual survey of 221 employers.

Michigan Employees Pack Their Bags for a Summer Vacation
s the weather heats up, many employees are packing their bags for a summer vacation.

Illinois Pay Increase Budgets Hold Steady in 2007
The newly released Compensation Data – Illinois annual survey of 367 companies found pay increase budgets are 3.51 percent for 2007 and are projected to be 3.53 percent in 2008.

Ohio Health Care Costs Increase in 2007
Seventy-two percent of Ohio companies had a health insurance premium increase, according to the Compensation Data 2007 - Ohio annual survey of 339 employers. When compared to 2006, this number has remained steady.

Indiana Health Care Costs Increase in 2007
Sixty-six percent of Indiana companies had a health insurance premium increase, according to the Compensation Data 2007 - Indiana annual survey of 450 employers.

Study Reveals Non-profit Pay On the Rise
The average salary adjustment for senior executives of non-profit organizations increased by 4.6% from 2005 to 2006 according to a new study released today by Total Compensation Solutions.

Turnover Rates Cause Concern for Organizations
According to the Compensation Data annual survey of more than 5,300 employers, the total turnover rate was 17.6 percent this last year. The difference between the voluntary and total turnover rate was just 5.9 percent, which means most employees are leaving on their own accord.

Less than half of recently surveyed organizations expressed satisfaction with employee program
While 73% of recently surveyed companies said that they have an employee recognition program in place, most are unsure of how well satisfied their employees are with the program.

Housing Costs Cause Problems for Job Candidates and Employers in Arizona
New data released by Phoenix-based Tower Hunter, retained search consultants, and Scottsdale-based WageWatch, Inc., the leading online compensation and benefits survey company, indicates that the recent rise in housing prices may make Arizona employers less able to attract their first choice job candidates. Some of the survey's significant findings are: • 74 percent of the survey's respondents reported difficulty in recruiting mid-management candidates to Arizona. 60 percent reported difficulty relocating upper management. • Three quarters of participants reported experienced candidates withdrawing from the recruitment process prior to formal offer. The biggest reason they withdrew was that the expected salary offer was too low, followed by a counter offer from their current employers, personal and family reasons, and the cost of Arizona housing. • One half of respondents reported the likelihood that they would not succeed in hiring their first choice candidates for upper management positions, while one third said they will not succeed in recruiting mid-management first choice candidates.

City Bonuses Climb to 30% of Salary - Six Times the National Average, Reports Joslin Rowe
Across the financial services sector, bonus payouts are expected to rise 12.3% year on year according to financial services recruiter Joslin Rowe. This is more than double the rate of growth for bonuses in the wider economy. Across the UK bonuses are expected to rise 5.8%.

Salaries Stand Still At Utilities
Each year, ice storms turn public attention to utilities. The quality of their work affects lives everyday, so how utilities attract and retain qualified individuals can be crucial.

The 2006 Performance Management Survey

Employee Turnover Continues to Fall, Merit Raises Climb in Florida Salary and Benefits Survey
Effective Resources, Inc. releases study data representing more than 1.4 million employees and 250 Florida employers

Employee Turnover Continues to Fall, Merit Raises Climb in Florida Salary and Benefits Survey
Effective Resources, Inc. releases study data representing more than 1.4 million employees and 250 Florida employers

Executive Perks Keep Employees Connected
As technology threatens to make life easier, executive perquisites are one reason employees stay connected outside of the office.

Executive Perks Keep Employees Connected
As technology threatens to make life easier, executive perquisites are one reason employees stay connected outside of the office.

Cost of Prescription Co-Pays Continues to Increase
In the last week, retailers have made the news with their plans to reduce the cost of generic drugs in the Tampa Bay, Fla. area.

Cost of Prescription Co-Pays Continues to Increase
While retailers made the news with plans to reduce the cost of generic drugs in the Tampa Bay, Fla. area, Compdata Surveys, the nation´s leading compensation and benefits survey data provider, examined the cost of prescription co-pays across the country. According to their Compensation Data annual survey of more than 5,300 employers, the cost of co-pays has risen for all drug levels in both percentage and flat dollar plans.

Health Insurance: Good News, Bad News
According to a recently released survey of more than 5,300 employers in the United States, the average health insurance premium increased by 11.6 percent this past year, which is down from 12.3 percent last year and 14.7 percent in 2004.

New Survey Reveals Higher Compensation Levels for Senior Living Positions in Massachusetts
WageWatch, Inc., (http://www.WageWatch.com), the leading online compensation and benefits survey company, announced today that jobs in the senior living industry in Massachusetts pay from 15% to 30% higher than the national average. WageWatch´s Senior Living Industry report for Massachusetts contains data on 10,500 employees from over 111 facilities in the area.

Senior Living Industry Wages Rise by 3.8%
WageWatch, Inc., (http://www.WageWatch.com ) the leading online compensation and benefits survey company, announced today that its second annual national Senior Living Compensation Survey of Continuing Care Centers, Assisted Living Facilities, Nursing Homes, Hospice, and Home Care, indicates that wages for 54 key jobs increased nationwide by an average of 3.8% over 2005. More than 1900 facilities participated in the survey.

Compensation Audit Issues
There are many legal concerns surrounding wage and hour issues. It´s important to audit your compensation function regularly to ensure you are in compliance with the myriad of state and federal requirements; a whitepaper from HRN Management Group.

Oil and gas industries lead the pack in projected salary increases, according to Mercer Compensation Survey
A robust Western Canadian economy - particularly in the energy sector - plus concern for attracting and retaining the most productive employees, are driving employers to project a national average salary increase of 3.7% for 2007, according to results of the Mercer Human Resource Consulting 2007 Canadian Compensation Planning Survey.

WorldatWork Press Publishes "Sales Compensation Essentials:A Field Guide for the HR Professional"

Executive Cash Bonus Levels Increase 58%, Says New ERI/CareerJournal.com Executive Compensation Index
The highest-paid executives in America had a 58.8% increase in their average annual cash bonus and were paid 38.21% more total cash compensation according the August 2006 Executive Compensation Index figures released by the Economic Research Institute and CareerJournal.com, The Wall Street Journal's executive career guide.

Florida Employers Encouraged to Participate in SalarySurveyOnline.com Benchmarking Surveys
Effective Resources, Inc. is conducting its sixth annual benchmarking survey of salary, wages and benefits offered by Florida employers via their secure survey website,SalarySurveyOnline.com.

Florida Employers Encouraged to Participate in SalarySurveyOnline.com Benchmarking Surveys
Effective Resources, Inc. is conducting its sixth annual benchmarking survey of salary, wages and benefits offered by Florida employers via their secure survey website,SalarySurveyOnline.com.

Beyond Cost in G&A
In response to globalization, world-class companies move beyond cost in G&A. According to speakers at Hackett´s 16th Annual Best Practices Conference, organizations improve speed & agility, enhance responsiveness, inspire passion.

Retailers Battle for Talent with Compensation
Axiom Consulting Partners and Western Management Group release report on the practices and trends in compensation in the retail industry.

Retail jobs that have the greatest impact on sales and margins are commanding the largest pay increases.
In an era of 3.0% base pay increases, the average annual wage has jumped 10% or more for jobs such as Sales Team Leader, Sales Supervisor and Senior Buyer.

Is it time for retailers to re-examine pay practices?
Axiom Consulting Partners and Western Management Group release report on the practices and trends in compensation in the retail industry.

PayScale Signs On HR and Technology Industry Veteran
New VP of Business Solutions will drive company´s entre into HR and employer market; Move solidifies leading salary resource position

CHIEF EXECUTIVE TOTAL CASH COMPENSATION INDEX FINDS EXECUTIVE COMPENSATION RISES ABOVE PRE-9/11 LEVELS
This reflects a 5.7% increase in total cash compensation over 2005 levels-relatively flat compared to the same period in 2004.

Tech Wages Hit Five-Year High During Fourth Quarter of 2005
Wages for high-impact technology professionals are up significantly since fourth quarter, 2001. Hourly wages for highly skilled technology professionals hit a five-year high during the fourth quarter of 2005, according to the latest Yoh Index of Technology Wages.

The Changing World of Pay Intelligence
Salary surveys are out. Salary searches are on the way in due to new technology and more sophisticated methodologies that lead to more specific, more meaningful competitive salary information. Fred Whittlesey, chief compensation officer of Payscale, makes his case in our debut installment of HR OpEd.

Self-Employed Information Technology Professionals Anticipate Banner Earnings in 2006
Annual HotGigs.com Survey Explores Income Satisfaction, 2006 Income Projections, Hourly Rates, Job Satisfaction, Training Goals, Marketing Strategies of Self-Employed Technology Professionals

Electronic technology, including widespread computer availability and online communication, has had a desirable effect on several business outcomes
The survey, completed by WorldatWork members representing 530 of North America´s largest companies, examined the prevalence and impact of electronic tools and communication practices.

Employers Poised to Offer Bigger Bonuses
Mercer survey finds differentiating workforce based on performance essential for retaining top talent.

Governance, Wall Street and Compensation Policy
When matters of compensation come up, it is going to be the compensation managers who are going to have to take the lead in putting together the data, explaining the data, explaining the policy, and the reasons behind those policies.