The benefits of an improving economy trickled down to a lot of paychecks in 2006. The 2006 Survey of Exempt Compensation by Business and Legal Reports found 43 out of the 44 benchmarked-exempt positions saw salary increases averaging 3.9 percent.<\/p>\n
“Respondents indicated that they were somewhat more optimistic in their pay budgeting for the coming year,” the report stated. “Exempt employees were scheduled to receive merit increases of four percent closely matching the average actual salary increase.”<\/p>\n
Among the trends:
\n* Top gainers for the year: purchasing managers, occupational health and safety specialists, and advertising and promotions managers. All saw average salary gains of more than 8 percent.<\/p>\n
* Smallest increases for the year: insurance underwriters, purchasing agents, computer programmers, and personnel recruiters. All saw gains of less than 2.2 percent.<\/p>\n
* Losing ground: Only one of the 44 benchmarked jobs saw negative numbers for the year. The median salary for wholesale and retail buyers came in at $43,192 – down 0.19 percent from 2005.<\/p>\n
* The best industries for salary gains were in healthcare practitioners and technical occupations, management occupations and life, physical and social science occupations.<\/p>\n
* Weak salary growth industries: sales<\/font>, arts and media, food preparation and construction.<\/p><\/blockquote>\nSales is normally a variable compensation position (i.e. commission) so I am not surprised that the salaries did not change much for salespeople.<\/p>\n
Purchasing managers received >8% increases? That shocked me. After working for years in capital equipment sales, purchasing became known as the dark side – the antithesis to sales.<\/p>\n","protected":false},"excerpt":{"rendered":"
From S&MM Magazine (sorry, no link): The benefits of an improving economy trickled down to a lot of paychecks in 2006. The 2006 Survey of Exempt Compensation by Business and Legal Reports found 43 out of the 44 benchmarked-exempt positions saw salary increases averaging 3.9 percent. “Respondents indicated that they were somewhat more optimistic in their pay budgeting for the coming year,” the report stated. “Exempt employees were scheduled to receive merit increases of four percent closely matching the average actual salary increase.” Among the trends: * Top gainers for the year: purchasing managers, occupational health and safety specialists, and advertising and promotions managers. All saw average salary gains of… Read More<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"bgseo_title":"","bgseo_description":"","bgseo_robots_index":"","bgseo_robots_follow":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[2,5],"tags":[],"class_list":["post-136","post","type-post","status-publish","format-standard","hentry","category-hiring","category-trends"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p5Oho-2c","jetpack-related-posts":[{"id":607,"url":"http:\/\/selectmetrix.com\/blogs\/2007\/01\/when-drivers-of-retention-are-misaligned\/","url_meta":{"origin":136,"position":0},"title":"When Drivers Of Retention Are Misaligned","author":"Derrick Moe","date":"January 25, 2007","format":false,"excerpt":"I'm a little late to the party on this post from Spherion's The Big Time blog. The post covers many interesting topics. To start (emphasis mine): 23 percent of companies are already dissatisfied with the talent available. One-third of HR managers mention turnover\/retention as a key concern. On average, employers\u2026","rel":"","context":"In "Compensation"","block_context":{"text":"Compensation","link":"http:\/\/selectmetrix.com\/blogs\/category\/compensation\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":518,"url":"http:\/\/selectmetrix.com\/blogs\/2006\/12\/what-will-your-raise-be-in-2007\/","url_meta":{"origin":136,"position":1},"title":"What Will Your Raise Be In 2007?","author":"Derrick Moe","date":"December 21, 2006","format":false,"excerpt":"Less than 4% just like the past few years according to Fortune. That is unless you have specialized skills in office administration, the law, IT, and accounting and finance. In the case of an office administrator, you can expect: Senior executive assistants' pay range in 2007 is expected to rise\u2026","rel":"","context":"In "Compensation"","block_context":{"text":"Compensation","link":"http:\/\/selectmetrix.com\/blogs\/category\/compensation\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":547,"url":"http:\/\/selectmetrix.com\/blogs\/2007\/01\/another-survey-similar-results\/","url_meta":{"origin":136,"position":2},"title":"Another Survey, Similar Results","author":"Derrick Moe","date":"January 4, 2007","format":false,"excerpt":"Now HotJobs.com offers up their survey about job seekers in 2007 - Many workers to consider new jobs in 2007. No surprises in that headline. Their stats: The survey -- in which nearly two-thirds of respondents (66 percent) said they would consider new job opportunities in 2007 -- suggests the\u2026","rel":"","context":"In "Compensation"","block_context":{"text":"Compensation","link":"http:\/\/selectmetrix.com\/blogs\/category\/compensation\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":2494,"url":"http:\/\/selectmetrix.com\/blogs\/2011\/10\/hunters-will-negotiate\/","url_meta":{"origin":136,"position":3},"title":"Hunters Will Negotiate","author":"Derrick Moe","date":"October 13, 2011","format":false,"excerpt":"I have come across this fact with many of my customers and it always surprises me that they are taken aback by candidates who want to negotiate.\u00a0 One thing that business development salespeople do is negotiate.\u00a0 They live for the hunt which includes qualifying a deal and influencing the money\u2026","rel":"","context":"In "Communication"","block_context":{"text":"Communication","link":"http:\/\/selectmetrix.com\/blogs\/category\/communication\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1452,"url":"http:\/\/selectmetrix.com\/blogs\/2008\/03\/ceos-are-not-overpaid\/","url_meta":{"origin":136,"position":4},"title":"CEO’s Are Not Overpaid","author":"Derrick Moe","date":"March 4, 2008","format":false,"excerpt":"How is that for a title?\u00a0 Before I get flamed on this topic, let me pull some excerpts from a Human Resource Executive Online article (emphasis mine): A recent study conducted by DolmatConnell & Partners debunks the myth of runaway executive pay. The findings of the study tell a much\u2026","rel":"","context":"In "Compensation"","block_context":{"text":"Compensation","link":"http:\/\/selectmetrix.com\/blogs\/category\/compensation\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":840,"url":"http:\/\/selectmetrix.com\/blogs\/2007\/04\/increased-pay-or-better-benefits-that-is-the-question\/","url_meta":{"origin":136,"position":5},"title":"Increased Pay or Better Benefits? That Is The Question.","author":"Lee Fratzke","date":"April 20, 2007","format":false,"excerpt":"So which is more important to employees, pay or benefits (specifically health benefits)? In last week's Workforce Management's newsletter, a nationwide survey was recently conducted by the National Business Group on Health that asked 1,619 employed people that specific question. 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