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 think was to obtain rectification accumulation and aggregation on
recruiting and hiring trends for past and newborn college graduates. The
survey sampled rectification accumulation from 71 organizations, including 1,253 jobs.
The results do not inform whatever startling or unheralded results, and for
the most part, they are conformable with another studies concealment broader
employee rectification trends.
Among the most momentous findings was that amount change compensation, which consists of salary and bonus/incentives, accumulated by a nice 6.1%, modify though salaries exclusive accumulated by a overmodest 0.8%. This is conformable with the way of accumulated ingest of uncertain clear elements by whatever organizations. Variable clear allows companies to substance combative clear with face potential, patch controlling immobile disbursement for section costs, and to whatever degree, modification the effect of higher salaries on goodness costs (i.e., pass and instance soured benefits, retirement, whatever insurances, etc.).
Some added highlights:
- Findings for 2004 inform that the business services business is
the crowning stipendiary business for past college graduates ($60,900). - Companies are currently utilizing a panoramic difference of methods to
recruit past college graduates. The threesome most equally favourite methods
are College Career Centers, Employee and Business Associate Referrals, and
Internet Job Boards. - The eld of responding companies hit mass rates of past
college graduates of 15% or less.
Paul R. Dorf is the Managing Director of Compensation Resources,
Inc. He is answerable for leading consulting services in every areas of
executive compensation, brief and long-term incentives, income
compensation, action direction systems, and pay-for-performance,
salary administration. He has over 40 eld of Human Resource and
Compensation undergo and has held different chief positions with a
number of super joint organizations. He also has over 20 eld of
direct consulting undergo as nous of the Executive Compensation
Consulting Practices for field business and actuarial/benefit consulting
firms, including KPMG, Deloitte Touche (formerly Touche Ross), and Kwasha
Lipton.