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In This Day And Wage

IN THIS DAY AND WAGE THE STATE OF COMPENSATION IN THE ENTERPRISE Compensation is a critical component of why we work and as the knowledge worker has evolved, so has compensation. An increase in wages isn't the only trend in the last 40 years; company perks have become expected by employees in many industries, Perks, additional paid time off, and retention bonuses have all become commonplace and have changed the way the millennial generation expects compensation for their work, Here is a look at the current state of. compensation in today's enterprise. PERSONAL INCOME IN THEUNITED STATES OFAMERICA 1969-2009 $29,000 $28,000 $27,000 $27,833 $26,000 $26,530 $25,000 $24,000 $23,000 $22,000 $22,888 $21,000 $20,000 $19,000 $19,299 $18,000 $17,000 $16,000 $15,000 $15,553 *ADJUSTED FOR INFLATION 1969 1980 1990 2000 2009 AVERAGE SALARY BY OCCUPATION (2009) $43,460 All Occupations Chief Technical $167,280 $65,610 Executives Writers Sales Public Relations $59,250 $59,370 Representatives Specialists Marketing Community and Social Services $120,070 $42,750 Managers Computer HR, Training & Labor Relations $65,900 $120,640 & Information Systems Managers Specialists $80,430 Computer Business & $59,070 Systems Analysts Financial Ops Office and $32,990 Payroll and Timekeeping Administrative $36,600 Support Clerks $95,820 Legal Accountants $67,430 Occupations & Auditors Graphic Designers $47,820 Customer Service $32,410 Representatives GENDER, EDUCATION AND WEEKLY EARNING POTENTIAL (2009) MALES PER WEEK FEMALES PER WEEK $1,327 $970 $835 $716 $542 $630 $500 $382 High No C Bachelor's Degree In 2009, men who eamed bachelor degrees got paid nearly three times more each week than those with less than a high school diploma. Likewise, women with bachelor degrees received two and a half times more each week than those who didn't graduate from high school. Still, there was an income disparity between genders, with women getting paid a weekly median of $970, compared to the $1,327 for men. COMPANY PERKS THAT WILL MAKE YOU ENVÍOUS Miller Johnson AMGEN Google King of Perks Among the plentiful advantages offered at the Googleplex, the search engine giant allows its Company Pub The beer company heartily Lifetime Gym Membership Free Tuition Want to further your education while working? The biotech company supports its employees' educational endeavors by providing them with a special tuition. reimbursement plan. encourages its staff to take advantage of its on-site pubs, each with 13 varieties of beer and all free of charge. Employees receive a lifetime. membership at the company fitness center. That means that employees to use up to 20 percent of their work week to even retirees get to use the facilities after having ended their pursue special projects. employment. HOW ELSE ARE EMPLOYEES REWARDED? Пn Paid Paid Paid Paid Paid Jury TIME OFF Holidays Sick Leave Vacation Personal Days Duty Leave - All Employees MOST EMPLOYEES RECEIVE PAID TIME OFF 76% 67% 74% 41% 72% BONUSES WorldatWork conducted a 2010 study of HR, compensațion, and benefit departments of organizations all over the U.S. and found the following results: TYPICAL BONUS PROGRAMS AT ORGANIZATIONS (PERCENT OF ORGANIZATIONS) 60% 43% REFERRAL BONUS - Cash award paid to an employee for SPOT BONUS - Spontaneous or "on the spot" rewards, often delivered in cash. referring an applicant that is hired. 54% 25% SIGN-ON BONUS - Cash bonus giveh after employee accepts the employment offer. RETENTION BONUS - Cash award typically tied to the length of service or some other milestone. 85% OF EMPLOYERS OFFER AT LEAST JUST UNDER 10% OF EMPLOYERS OFFER ALL FOUR. ONE TYPE OF THESE BONUS PROGRAMS. MORE MEN EXPECT BONUSES THAN WOMEN... ..BECAUSE IT'S WRITTEN IN HISTORY According to the Adecco 2011 Workplace Outlook Study: MEN Percent who think they'll receive a raise or banus in 2011: MEN 41% Percent who received 24% those perks last year: WOMEN Percent who think they'll, WOMEN 29% Percent who received 18% receive a raise or bonus in 2011: those perks last year: Companies provide stock options for their employees to make them feel like they're STOCK OPTIONS owners and partners in the organization, This type of compensation goes beyond just salary; they become "invested" in the long-term success of the business. The 2009 Bureau of Labor Statistics indicated that close to 9% of all private sector employees have stock options. OF THOSE THẬT RECEIVE STOCK OPTIONS: 12% are managers 11% are in sales 4% are service 8% are in and professionals and office work employees manufacturing O SOCIALCAST SOURCES: Bureau of Labor Statistics | US Census Bureau | CNN | Business Insider | Worldatwork | Adecco | The National Center for Employee Ownership soCIALCA oCIALCAT oCIALCAT OALCA 2011 SOCIALCAST INC ALL OTHER TRADEMARKS HEREIN ARE RECOGNIZED TO BE THE PROPERTY OF THEIR RESPECTIVE OWNERSA oALCA oAST OCICAT OCIALCA ICART OCIALCAST OIALCA OCIALCAT OCIALCAST O.1OA CAT ODALCASTO CIALA AA A Less Than A School Diploma 4 Scho No C Some College C Associate Degree And Higher Less Than A High School Diploma Scho Some College Or Associate Degree Bachelor's Degree And Higher

In This Day And Wage

shared by ColumnFive on Jul 30
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Compensation is a critical component of why we work, and as the knowledge worker has evolved, so has compensation. Company perks, additional paid time off, and retention bonuses have all become common...


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