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Cri releases its 2003-2004 institution arrange appraisal - college-university


Upper Lumber River, N. J. - May 2004 - Compensation Resources, Inc. has released the fallout of its 2003-2004 Academy Arrange Salary Survey. The purpose of this study was to attain compensation data and in a row on recruiting and hiring trends for current and new academy graduates. The survey sampled compensation data from 71 organizations, plus 1,253 jobs.

The consequences do not be a sign of any startling or unexpected results, and for the most part, they are even with other studies layer broader employee compensation trends.

Among the most big findings was that total cash compensation, which consists of salary and bonus/incentives, amplified by a respectable 6. 1%, even even if salaries only augmented by a modest 0. 8%. This is coherent with the trend of better use of capricious pay basics by many organizations. Adaptable pay allows companies to offer competitive pay with upside potential, while calculating fixed overhead for payroll costs, and to some degree, attenuation the brunt of privileged salaries on assistance costs (i. e. , break and time off benefits, retirement, some insurances, etc. ).

Some further highlights:

  • Findings for 2004 designate that the economic armed forces conscientiousness is the top paying conscientiousness for contemporary seminary graduates ($60,900).
  • Companies are now utilizing a wide array of methods to recruit contemporary seminary graduates. The three most by the same token admired methods are Seminary Career Centers, Member of staff and Commerce Assistant Referrals, and Internet Job Boards.
  • The adult years of responding companies have earnings rates of current college graduates of 15% or less.

Paul R. Dorf is the Supervision Executive of Compensation Resources, Inc. He is dependable for directing consulting air force in all areas of executive compensation, short and long-term incentives, sales compensation, accomplishment management systems, and pay-for-performance, salary administration. He has over 40 years of Human Store and Compensation come across and has held a choice of executive positions with a number of large corporate organizations. He also has over 20 years of direct consulting encounter as head of the Executive Compensation Consulting Practices for major accounting and actuarial/benefit consulting firms, as well as KPMG, Deloitte Touche (formerly Touche Ross), and Kwasha Lipton.

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