Salaries by Experience/Size Background

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Salaries by Experience/Size Background

The Salaries by Experience/Size table profiles the base salary, total cash and incentive data of a specific position.  

 

The base salary table has five columns of salary range data for three different years of experience (or for three different organization sizes for executive jobs) and for salary range.  The defaults for years of experience are entry (one year), maturity maximum (the highest number of years that an employee typically works in this job, based on census data), and the mid-point of entry and maximum.  Through data analysis, ERI determines the maximum years of experience for each job, and then reports the All Incumbent Average at the mid-point between one year of experience and maximum years of experience. You may also select any years experience within the total range.  For instance, if the default displays 1 - 7 - 14, you may also see the pay levels at 5 years experience, 9 years experience, etc.  The center value (mean or median at middle tenure or size), along with the associated standard error and size/experience variable, are the real dollar values stored in the Salary Assessor databases.  

 

For non-executive jobs, SA provides probable salary points (dots) on the Graph.

 

Salary Table

The salary table illustrates the competitive norm data for the selected job.  The salaries shown in this table are adjusted by the organization data shown at the bottom left (Adjustments to Compensation Analyses).  If the job in question is sensitive to industry, time, geographic location, or organizational size, it is imperative that the user adjust the program's basic size and location dimensions.  To make these adjustments, click on the Adjustments to Compensation Analyses button.

 

To Select a Position Title

See Search Jobs

 

To Select Compensation Type

See Compensation Type

 

To Select Pay Period

See Pay Period

 

To Customize Years of Experience

See Customize Years of Experience

 

To Customize Revenue or Assets

See Customize Revenue/Assets

 

Adjustments to Compensation Analyses

The Salary Assessor produces two projections for each job: (1) one that is unadjusted (a national value) and (2) the fully adjusted estimate varied by industry, size, geographic area, and time.  Because of this, the Salary Assessor contains the Salary Adjustments dialog box of queries regarding the nature of the organization in which the subject positions exist.  To assist a quick review, it displays the last inputted data upon startup (initially with the National Data Set).  Enter general information concerning the subject organization in this dialog box including the organization name (if it is required on any printouts).

 

Other adjustments may include:

 

Location

Browse to find a pre-defined area (city, state or province-wide average or country average) in the Salary Assessor.  See Select Area.

 

Industry

For industry-specific positions, the selection of an industry code will also alter the resulting estimates of the Salary Assessor.  The application automatically displays an eSIC industry description based on the code selected.  To determine the appropriate eSIC number use the Browse function.  This will take you to a series of dialog boxes where you will be asked to select from the lists of available industry segments.  See Browse Industries.  

 

Note:  The label “Industry data breakout not available” means that the occupation in question does not have enough industry variation to warrant analysis by industry. These occupations are frequently found in healthcare industries. For example, a Neurosurgeon practices in a very narrow range of healthcare industries. This means that data for this position are not available in industries like “Automotive Manufacturing,” and attempting to analyze this occupation in such an industry would not work.

 

Revenue

This field defaults to Revenue.  However, Years of Experience, Assets, Fiscal Year Budget (FYB), or # or Employees can be used depending on the eSIC code and position title selected.  The industry selection, or eSIC code, will often affect the "Organization Size" choices available.  For example, some Finance industries, such as Depository Institutions (eSIC 6000), will be reported by Asset size.  All executive/director-level positions, as well as the "Controller" position, are reported by Organization Size (Revenue, Assets, Fiscal Year Budget, and # of Employees).  Positions below the executive/director level are reported by Years of Experience, but ERI has added the ability to analyze these positions by a second variable, Revenue (for example), due to an increase in the volume of data collected.  Check the box next to "Include revenue in the analysis of lower level jobs" to factor Organization Size (Revenue, Assets, FYB, or # of Employees) into the calculation of salary data for jobs measured by years of experience.

 

Salary Planning Date

The "Planning Date" is initially set to the computer's system date, or "today's" date.  If this date does not equal the "Database Date," a non-zero Annualized Salary Trend will display. (Only differences greater than or equal to one month have an effect.)  All salaries will be adjusted by this percentage to reflect the increase or decrease of salaries due to time.  This "Prorated" percentage is compounded monthly.  To nullify these adjustments, set the Planning Date to the "Data as of" date, the industry to "0000," the Revenue size to $100 million and the area to "National Average." The source of the default annualized salary trend value is ERI's Salary Increase Survey & Forecast.

 

Please Note:  The Salary Assessor reports the most recently available data.  When you set the Planning Date back in time, the application trends the most recent data to the selected date.  It does not pull data from a historical database.

 

Salary Graph

The Salary Graph graphically profiles a job so the user can, at a glance, understand how a salary continuously changes as the organization size changes.  The top curve represents "range maximum" salaries; the middle curve represents "mean or median" salaries; and the bottom curve represents "range minimum" salaries.  The percentiles may be changed for range maximum and minimum salaries (see Customize Percentiles).

 

Position Descriptions

ERI provides Survey Descriptions, eDOT Descriptions, and Skills & Competencies (SCOs). See Position Description for more information.

 

For definitions of terms, please see the Online Business Glossary and the Salary Assessor Methodology.

 

To Export to a PDF

See Export to PDF

 

To Export an Excel Spreadsheet

See Export to Excel

 

To Print

See Printing