Boeing Employees May Hope Big Bird Flies to Texas.

Business Editors

EMERYVILLE, Calif.--(BUSINESS WIRE)--April 9, 2001

Boeing's recent announcement of its intention to move its headquarters to either Chicago, Denver or Dallas/Fort Worth sent shock waves through Seattle.

Now SalaryExpert.com, a free, independent source for compensation data, reports that Boeing's top management would be better off financially if they were to move to Dallas.

SalaryExpert.com reports low, median and high salaries, as well as "actual buying power" based on a renter's cost-of-living. The Dallas salaries are consistently lower than their equivalents in the other three metropolitan areas, but the buying power of even these lower salaries (looking at local cost-of-living) means that Dallas executives come out ahead.

For example, according to SalaryExpert.com, this is what a Top Engineering Executive might reasonably expect to earn in each of the possible headquarter sites:

 Job title:              Top Engineering Executive
 Location:               Seattle    Chicago     Denver    Dallas/FW
 Median salary:          $127,520   $129,341   $143,143   $123,605
 ATC:                    $170,146   $170,349   $187,028   $163,764
 (Average Total
 Compensation)
          (U.S. National Average Total Compensation: $159,645)

      But when you factor in cost-of-living, a move to Dallas would feel
like a $17,000 pay rise:

Location:                Seattle    Chicago     Denver    Dallas/FW
Renter's Buying Power:   $137,340   $137,935   $151,143   $140,963
Current Seattle salary's
buying power:            $137,340   $145,305   $145,135   $154,660
Gain with move:            -0-      $7,965       $7,795    $17,320

      Assuming that relocating Boeing employees take their current
Seattle salary and compensation packages with them, the same pattern
of advantage for Dallas/Fort Worth obtains across the board. A
Corporate Attorney, for example, will have a buying power increase of
almost $7,000 if the Big Bird flies to Dallas:

Job title:               Corporate Attorney
Location:                Seattle    Chicago    Denver     Dallas/FW
Median salary:           $69,046    $73,055    $61,258    $67,709
ATC:                     $89,078    $92,552    $79,222    $86,588
         (U.S. National Average Total Compensation: $83,957)
Renter's Buying Power:   $74,100    $77,455    $66,397    $77,224
Current Seattle salary's
buying power:            $74,100    $76,070    $75,985    $80,970
Gain with move:            -0-       $1,970     $1,885     $6,870

Seattle is a comparatively expensive place to live. Boeing employees considering or being considered for the HQ move have to be praying that their boss, Phil Condit, likes tacos and Texas beef. Boeing could benefit doubly from a move to Dallas: company overheads would eventually be reduced, since average salaries are lower there than in Seattle, plus current employees who make the move will feel richer because Dallas' lower cost-of-living would make their salaries feel like significant pay raises.

For employees seeking timely information about compensation and benefits, SalaryExpert.com offers a powerful combination of extensive coverage (over 30,000 job titles in any North American postal code) and proven accuracy. SalaryExpert.com is the site to search first. For further information, please call toll-free at 877/799-3427, or email [e-mail].