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 research was to purchase reward collection and rumour on
recruiting and hiring trends for new and new body former students. The
survey sampled recompense notes from 71 organizations, as well as 1,253 jobs.
The results do not indicate any startling or opportune results, and for
the most part, they are conformable beside separate studies sleeve broader
employee costs trends.
Among the furthermost decisive accumulation was that total brass compensation, which consists of remuneration and perquisite/incentives, exaggerated by a well-dressed 6.1%, even although salaries solely hyperbolic by a shy 0.8%. This is equal with the trend of increased use of inconsistent pay atmospheric condition by many organizations. Variable pay allows companies to present competitive pay with upper side potential, time dominant fixed overhead for payroll costs, and to several degree, declining the impinging of sophisticated salaries on ability reimbursement (i.e., time off and occurrence off benefits, retirement, both insurances, etc.).
Some added highlights:
- Findings for 2004 indicate that the pecuniary employment industry is the top profitable industry for recent college old pupils ($60,900).
- Companies are presently utilizing a deep choice of methods to recruit recent body former students. The three maximum reciprocally best-selling methods are College Career Centers, Employee and Business Associate Referrals, and Internet Job Boards.
- The majority of responding companies have turnover rate revenue enhancement of recent college old pupils of 15% or smaller quantity.