What Are the New Benchmark Jobs Added in Compensation Surveys?

by Malak Kazan, CECP, CCP, CBP, GRP 19. April 2016 09:29
Reliable compensation benchmarks help to attract, hire, and engage top talent for critical jobs in your organization. Throughout the year, ERI adds new jobs to the Salary Assessor by integrating standardized job descriptions into our compensation survey data collection process and analytics. In addition to current subscribers submitting requests to include a new job, ERI conducts on-going comprehensive analysis of global job boards and labor statistics and monitors changes in occupational structures to expand the list of new jobs added to our compensation analytics. [More]

Charity Revenues on the Rise – Will Executive Compensation Also Increase?

by Linda M. Lampkin, Senior Nonprofit Compensation Specialist 24. March 2016 14:35
A recently published Nonprofit Research Collaborative (NRC) survey of charities found 69% of respondents anticipated improved fundraising results in 2016, compared with 2015. In addition, 50% saw fund-raising receipts increase during the first half of 2015, compared with the same six months in 2014. These findings indicate a relatively robust charitable sector with growing revenues. [More]

Compensation Benchmarks for Winning Bids

by Malak Kazan, CECP, CCP, CBP, GRP 7. March 2016 12:26
Privately-owned and publicly-traded companies have lines of business dedicated to successfully participating in the bidding process initiated with a Request for Proposal (RFP) by a government entity. There are many criteria that companies need to satisfy in order to be awarded a government contract. One is providing pricing that includes reasonable labor cost estimates that reflect the prevailing wage. Companies deriving labor costs from current internal pay levels will generally have a practice of externally benchmarking the prevailing wage. External compensation benchmarks will be specific to geography and industry, have a large sample size, report both the mean and median, and be matched to the job requirements. [More]

The Wounded Warrior Project – Spending Too Much on CEO Compensation?

by Linda M. Lampkin, Senior Nonprofit Compensation Specialist 24. February 2016 13:00
The Wounded Warrior Project (WWP), a fast growing and media-savvy charity serving veterans, has recently been in the news and not in a good way. See a recent article in the New York Times and a blog post from GuideStar CEO Jacob Herald. There were charges of spending too much on expenses (e.g., fund-raising, travel, and executive compensation) that were not directly related to its mission of direct services to veterans. [More]

Labor Markets and Geographic Differentials

by Malak Kazan, CECP, CCP, CBP, GRP 18. February 2016 12:52
Depending on whether the economy is experiencing growth or a recession, the private and government sectors have different strategies to manage them. Recent macro-level topics focus on the need to create better quality jobs that grow the middle-income household segment while facing skills shortages, as in Science, Technology, Engineering, and Math (STEM) jobs, for example. At ERI, we help subscribers determine the cost impact of their strategies through the application of compensation analytics. As stakeholders, HR leaders want a trusted partner to keep a pulse on the competitive advantages of geographic labor cost differentials in light of external market conditions. [More]