'Free articles online now.'


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:

Scene & Heard: Plenty of college/university theater options nearby
Journal Times
As you plan your theater-going season, keep in mind nearby colleges and universities that offer a variety of entertainment options, often at very affordable ...



Verona students move on to college
NorthJersey.com
... Philadelphia University, University of Central Florida, Binghamton University, James Madison University, Providence College, University of Connecticut, ...



Fifth Third Bank to host a college preview night
13abc.com
... Lourdes College, Owens Community College, University of Findlay, Tiffin University, Heidelberg University, Monroe Community College, Defiance College, ...

and more »


Calcutta Telegraph

Dec. date to elevate Cotton
Calcutta Telegraph
The Cotton College University will be constantly in touch with the outside world for beneficial linkages,” the report said. The firm has also envisaged ...



Solano Community College to host college, university day
TheReporter.com
By Reporter Staff/ Solano Community College is set to host its annual College and University Day on Sept. 16. The free event is open to the public and high ...

and more »


Kidnapped ICU vice chancellor remains untraced
Daily Times
PESHAWAR: The kidnapped vice chancellor of the Islamia College University Dr Ajmal Khan, who is also the cousin of Awami National Party chief ...



Area college, university honors
St. Cloud Times
Several local students have been named to the Spring Semester 2010 Dean's List at Minnesota State University-Moorhead. They are: Kayla Anderson, Belgrade; ...



Sierra Leone: Renner-Thomas' Book On Land Tenure Launched
AllAfrica.com
Freetown — Professor Emeritus Eldred Jones, former principal of Fourah Bay College, University of Sierra Leone has on Tuesday 7 September this year ...



KUPUSB Organises Tedarus Closing And Khatam Ceremony
Bru Direct
Bandar Seri Begawan - The Seri Begawan Religious Teaching College University (or KUPUSB) organised a khatam al-Quran and the tedarus closing ceremony held ...



Gossip Jackal

Mental Illness Common Among College/University Students
Gossip Jackal
Mental illness has become more common among university students with more cases of severe mental illness being reported among university students than a ...

and more »

Google News

'www.srcapi.com - The best website for all information and advice online now. Business articles, business advice, business information and much more online now.'
Top
Main Home Email Category Home