CRI Releases Its 2003-2004 College Graduate Survey
Upper Saddle River, N.J. - May 2004 - Compensation Resources, Inc. has
released the results of its 2003-2004 College Graduate Salary Survey. The
purpose of this study was to obtain compensation data and information on
recruiting and hiring trends for recent and new college graduates. The
survey sampled compensation data from 71 organizations, including 1,253 jobs.
The results do not indicate any startling or unexpected results, and for
the most part, they are consistent with other studies covering broader
employee compensation trends.
Among the most significant findings was that total cash compensation, which consists of salary and bonus/incentives, increased by a respectable 6.1%, even though salaries only increased by a modest 0.8%. This is consistent with the trend of increased use of variable pay elements by many organizations. Variable pay allows companies to offer competitive pay with upside potential, while controlling fixed overhead for payroll costs, and to some degree, lessening the impact of higher salaries on benefit costs (i.e., vacation and time off benefits, retirement, some insurances, etc.).
Some additional highlights:
- Findings for 2004 indicate that the financial services industry is
the top paying industry for recent college graduates ($60,900).
- Companies are currently utilizing a wide variety of methods to
recruit recent college graduates. The three most equally popular methods
are College Career Centers, Employee and Business Associate Referrals, and
Internet Job Boards.
- The majority of responding companies have turnover rates of recent
college graduates of 15% or less.
Paul R. Dorf is the Managing Director of Compensation Resources,
Inc. He is responsible for directing consulting services in all areas of
executive compensation, short and long-term incentives, sales
compensation, performance management systems, and pay-for-performance,
salary administration. He has over 40 years of Human Resource and
Compensation experience and has held various executive positions with a
number of large corporate organizations. He also has over 20 years of
direct consulting experience as head of the Executive Compensation
Consulting Practices for major accounting and actuarial/benefit consulting
firms, including KPMG, Deloitte Touche (formerly Touche Ross), and Kwasha
Lipton.
MORE RESOURCES:
 |
|
|
RELATED ARTICLES
Distance Education is Now Training the Next Genertation of Medical Assistants
Some people are calling it distance-free learning for the Medical Assistant. Distance Learning happens wherever the learner is most available, free from the traditional boundaries of geography.
Online Degree Education - Advantages
Distance education has been getting a lot of attention lately, but it isn't new. Correspondence courses have been around for over a century, allowing students to complete assignments and mail them to an instructor for feedback.
What You Should Know About Scholarships
When it's time to go to college, the word "scholarship" is confusing for both students and parents. We automatically think about student loans, FAFSA, tuition and fees, EFC, grants, and work study.
Do Best Friends Make the Best College Roommates?
Do best friends make the best college roommates? Not always! It's amazing how the quirky things you used to like about your best friend can begin to drive you crazy when you're around it 24/7. Just because you've been friends since grade school doesn't mean you should live together.
Hidden College Costs: Roommate Conflict
Parents, if you're already reeling from the costs of today's college education, take a deep breath. According to one expert, if your kids lack conflict resolution skills, it could end up costing you even more.
Outstanding Business Professors at WVU, Part 2
Stratford Douglas enrolled at the University of North Carolina in an economics graduate program in 1982. Five years later, he graduated with his Ph.
All About Grants for College Students
Grants are a type of student aid that is awarded by the government. Grants for college students do not have to be repaid.
I Hate My Roommate!
So its the beginning of the school year, your first day of class is over, and you just want to sit down and relax for a moment because you know that the rest of the semester won't be as easy as Day 1. You're alone in the room.
Balancing College Life and Academics
1. Control Your Schedule; Don't Let Your Schedule Control YouOrganization and time management skills are two of the most valuable skills you will ever have.
Getting Into College No Longer A Numbers Game!
Sending your kids to college has never been more difficult or more expensive, and outstanding grades no longer guarantee admission! Student competition is at an all-time high and families now face the toughest admissions committees in history, soaring tuition costs, and a financial aid system designed to eliminate all but the most knowledgeable and persistent applicants.America is knee deep in an unsung higher education crisis that is affecting families from all walks of life.
Online Paralegal Degree Preparing You For Employment
In an era when professional opportunities are diminishing, one area where opportunities are certainly expanding is in the field of paralegal work. Consequently, as the practice of law expands, and the need for professional paralegals grows, many argue that there has never been a better time to enter the field of paralegal work.
Online Degree Tips - Your Guide To Online Degree Programs
Is an Online Business Degree Right for You?Deciding if an online business degree is right for you is an easy task. With the wide selection of programs, flexibility and personalized formatting, an online business degree is a great choice for any one new to the business world or those that are very experienced but looking to learn more.
Distance Learning and Distance Learning Online
Distance learning has become extremely appealing and widely attended because of the many educational options it offers through an educational format that caters to students who require flexibility in pursuing a degree. If you have decided that you need to jump-start your flagging career, want to change careers, or reach higher for an education that can increase your earning potential, then a distance learning online school is for you!Anything from the traditional undergraduate and graduate degrees to certificates, diplomas and other certification is available in the wide world of distance learning.
Online Education and Digital Divide
Digital Education is really coming along thanks to the US Military and their expenditures in the IT Framework to make training available. The IT companies doing this training are in fact able to pass on this technology to the private sector immediately and it is helping us with the digital divide.
Looking For a Rewards Program That Offers Free Money for College Students?
With the rising cost of books, tuition and housing, it's no wonder that college students are looking for ways to cash in on anything that can lighten their financial load. It isn't easy trying to balance an exciting social life, education and your finances at any age - not to mention in your teens and twenties.
Submitting The College Application
At this point, except for the waiting, the worst is basically over! However, the way you submit the student's stuff is just about as important as the stuff that's being submitted!The correct order is: (1) The application is first (2) followed by the essays, which should be attached to the application unless there are specific instructions to the contrary; (3) Next is the resume, which should be stapled together, but not to the application or the essays; (4) The special essay(s) follow and should be paper clipped to the resume as opposed to being stapled to it. Attach a large paper clip to all of the above to ensure everything stays in the proper order, and then send the entire package overnight or 2nd day with a signature guarantee.
Student Removals - How to Get the Lowest Quote
The problem with student and any small move comes when a small load has to be transported a long way:- For the moving company, the mileage and road time costs are not much less than for moving a whole house..
Aurel Voiculescu Memories From High School
High School Ion Minulescu, Slatina, Graduates 1991.Clasa XII A, Baboi Cristian, Becea Marian, Bratoi Sorin Cristian, Constantinescu Marian, Constantinescu Catalin, Cojac Daniel Reghina, Dan Marius Silviu, Danescu Ana, Dinca Cecilia Violeta, Florescu Eugen Catalin, Ghidanac Roxana Marinela, Gheorghisor Adriana Gheorghita, Grigorie Angela Daniela, Iordache Anca Maria, Ionescu Dumitru Viorel, Ivanescu Viorel, Liciu Dragos Emanuel, Moraru Cristian Eduard, Nastase Cecilia Ionela, Nicolescu Adriana Elena, Pantelie Florina Adriana, Patrascu Dragos, Popa Adriana, Popa Marius Eugen, Popescu Oana Daniela, Radu Adriana Camelia Ionela, Raducan Adrian, Radulescu Dorin Florin, Stoica Otilia Silvian, Stroica Daniel Adrian, Serban Mihail, Tilvan Laurentiu, Trandafir Ion Calin, Trandafir Mihail Costin, Vladescu Laura Rodica, Zahalca Daniela.
Why are Some Online Degree Colleges Better than Others?
Any student who is on the lookout for online degree colleges would probably have been swamped with the many options marketed to them over the internet. Therefore, it is not a wonder that many students feel confused on the right college selection as they may not know the way to nail down the advantages that certain colleges have over others.
Graduation Quotations - Top 35
"Life is my college. May I graduate well, and earn some honors! "-- Louisa May Alcott"Your schooling may be over, but remember that your education still continues.
|