'What Goes Up Must Come Down'--Does It Apply to Salaries Too? Salary.com Researchers Detect Changes in the Compensation Landscape.Business/Technology Editors WELLESLEY, Mass.--(BUSINESS WIRE)--July 11, 2001 Consider this. Less than a year ago, companies paid top dollar to lure lure the skin-covered object which runs on a monorail on a Greyhound racing track and which the dogs are schooled to chase. The lure must be kept 30 to 40 ft ahead of the leading dog so that the field is stretched out. new hires, even paying them more than long-time employees. In many job sectors salary ranges soared faster than inflation as dotcoms and traditional companies battled for the best and most qualified workers. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. data released on June 15, 2001, by the U.S. Department of Labor's Bureau of Labor Statistics Bureau of Labor Statistics (BLS) A research agency of the U.S. Department of Labor; it compiles statistics on hours of work, average hourly earnings, employment and unemployment, consumer prices and many other variables. (BLS See Bureau of Labor Statistics. ), real average weekly earnings rose 0.2 percent from April to May after seasonal adjustment. But nothing lasts forever--not even boom times and the salaries to match them. Salary.com, a top-tier provider of Web-based recruitment and employee valuation products, reports that salaries are trending downwards. Layoffs continue across the country. A once scarce resource--qualified job candidates--is not so scarce anymore. Companies now offer new hires decreased salaries and smaller signing bonuses A signing bonus or sign-on bonus is a sum of money paid to a new employee by a company as an incentive to join that company. These are often given as a way of making a compensation package more attractive to the employee e.g. if the annual salary is lower than they desire. , if any at all. Annual bonuses have dwindled and the rate of salary increases has slowed as well. What will the news be on July 18, when the BLS releases the real earnings numbers for June? Turn to Salary.com for commentary on whether this is a blip on the economic screen or a sustained trend. Bill Coleman William Johnson Coleman (born August 4, 1904 in Paris, Kentucky; died August 24, 1981 in Toulouse) was a jazz trumpeter from the swing era. He had his musical debut in 1927. , senior vice president of compensation, or Keith Fortier, CCP (Certified Computer Professional) The award for successful completion of a comprehensive examination on computers offered by the ICCP. See ICCP and certification. . 1. (language) CCP - Concurrent Constraint Programming. 2. , compensation consultant, can provide expertise on the following topics: -- What's the first place where most people find signals that pay practices are changing? -- Who will notice the change in the salary climate the most? -- What impact does the current economic environment have on compensation planning? -- Are all jobs affected by the decrease in salaries? -- What employees are especially vulnerable in the current economic downturn? To arrange a media interview with Bill Coleman or Keith Fortier, please contact Michele Meagher at (781) 684-0770. About Salary.com Salary.com is a top-tier provider of Web-based recruitment and employee valuation products for organizations with market-driven pay practices. Salary.com's recruiting business builds on the company's ability to deliver audiences segmented by profession, geographic location, and income through the Salary Wizard(TM) online compensation tool. In addition, Salary.com provides corporate customers with professional-grade employee valuation products with unparalleled compensation data and research capabilities. Located in Wellesley, Mass., Salary.com distributes its compensation tools through www.salary.com and via syndication on major portals and more than 180 other Web sites, including Hoover's Online, New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of Times Digital and all of the top 10 career sites. For more information, contact Salary.com at 781-237-2441, extension 247, or send email to press@salary.com. |
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