Home / Business Channel
 LOOK FOR...   WITH KEYWORDS:  
AT WORK AT HOME BIZ OPPORTUNITIES LEGAL FORMS AFFILIATE PROGRAM

Consumer Watch
On The Money
Career Track
Health Quest
Business
Small Office
Web Builder
Marketing
Credit & Debt
Biz Finance
IR Journal
Letter Templates
Archives
HOME

S U B S C R I B E

Good To Know

Computer Security Day
Contract Review: Checking For Key Contract Elements
Well Met: Making The Most Out Of Meetings

PRINT THIS

Compensation Resources, Inc. Releases Its 2006 Year-End Compensation Survey

Upper Saddle River, N.J. - November 29, 2006 - Compensation Resources, Inc. (CRI) has released the results of its 2006 Year-End Compensation Survey. The purpose of this study was to obtain compensation to be data used for trending and planning purposes at companies of all sizes and shapes. Data was compiled from survey questions that were developed by CRI and distributed to companies in 12 industrial classifications, in addition to Not-for-Profit organizations. The survey sampled year-end compensation data from a variety of organizations, collected in October and November 2006.

Results indicated that the average merit/salary increase for all employee functional groups was 4.0% in 2006, and 4.0% is the average projected merit/salary increase for all groups in 2007. Generally speaking, Privately-Held companies reported higher percentages of actual 2006 and budgeted 2007 merit increases overall as compared to Publicly-Traded and Not-For-Profit organizations.

Highlights of this year’s results, including a comparison with the prior year’s findings are represented below:

Results indicated that target awards for Short-Term Incentive Plans are much higher in Publicly-Traded and Privately-Held companies than in Not-for-Profit organizations. Overall, in terms of the Compensation Package Mix, Base Salary makes up the largest percentage of the mix, followed by Annual Bonus/Incentives, and the Long-Term Incentives. The majority of the survey participants do not have a pre-established Compensation Package Mix. Stock Appreciation Rights continue to be the least commonly used Long-Term Incentive Plan.

Companies should consider the following for the 2007 compensation year:

*Determine salary budget increase

*Determine salary structure movement

*Evaluate incentive plans

It is also important to remember that the total compensation package is not just about pay, it is also about the work culture, hours, benefits, career development, and promotional opportunities, and how they balance with the employee’s life outside the organization.

Compensation Resources, Inc provides consulting in Executive & Sales Compensation, Salary Administration, Stock Option & Performance Management Plans.
Full Author Profile -->


PRINT THIS

 

DEPARTMENTS

Launch

Feature Story:

The Myth Of Being Your Own Boss
Managing Without Mom

Feature Story:

How To Reframe For Success


R E C E N T   S T O R I E S

Business Credit
The Layperson's Crash Course in Business Credit
Street-Smart Financing
How to Start or Expand Your Business with Street-Smart Financing
Attract the Perfect Investor
How to Attract the Perfect Investor for Your Business
Federal Help For Your Business
How to Obtain Local, State and Federal Help For Your Business

 

 

InsiderReports

Home  | Affiliate Login  | Search  | Advertise  | Classifieds  | Contact Us  | About Us  | Index
 

The Horizons Unlimited Group

Copyright © 1996-2013 Horizons Unlimited Group. All Rights Reserved.     Privacy Policy | Terms of Use
 


Click to verify BBB accreditation and to see a BBB report.