Knowledge workers command premium way.What do an accountant and a construction foreman In construction, the foreman is the worker or tradesman who is in charge of the construction crew. Generally a construction worker with many years of experience and talent, the foreman is a wealth of knowledge and a key asset to the project. in Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. County have in common, besides fighting traffic? Do an Internet webmaster A person responsible for the implementation of a Web site. Webmasters must be proficient in HTML as well as one or more scripting and interface languages such as JavaScript and Perl. They may also have experience with more than one type of Web server. See Web administrator and Webmistress. and a factory supervisor share a common bond in the workplace? The answer in both cases is yes: They earn roughly the same salaries, on average. Accountants and construction foremen each make about $45,000 a year, while webmasters and factory supervisors make $64,000 annually. Those are among the findings of a new salary survey prepared for the Business Journal by the Economic Research Institute in Redmond, Wash. The survey provides a guide to the landscape of L.A. salaries, from the $13,682 a year earned by a fast-food clerk to the $483,774 drawn by the average neurosurgeon neurosurgeon a physician who specializes in neurosurgery. neurosurgeon A surgeon specialized in managing diseases of the brain, spine and peripheral nerves Meat & potatoes diseases Brain tumors, spinal cord disease Salary $245K + 15% bonus. . Among other things, the salary survey reflects the premium being paid to so-called knowledge workers - those with specialized spe·cial·ize v. spe·cial·ized, spe·cial·iz·ing, spe·cial·iz·es v.intr. 1. To pursue a special activity, occupation, or field of study. 2. skills and talents that command the highest wages. High and Low The upper and lower-echelons of salaried workers in L.A. County. Highest Neurosurgeon $483,774 Cardiologist 258,292 Hospital Administrator 210,094 Orthodontist 207,968 Psychiatrist 189,313 Pediatrician 169,406 Chief Financial Officer 160,826 Dentist 116,748 Managed Care Administrator 105,066 Computer software Design Manager 89,649 Lowest Bartender $19,115 Home Health Aide 19,017 Bank Teller 18,909 Masseur/Masseuse 18,638 Farm Worker 16,790 Waiter/Waitress 16,464 Housecleaner 16,116 Parking Lot Attendant 15,942 Amusement Park Attendant 15,736 Fast Food Worker 13,682 The ranks of workers who average $100,000 or higher annual paychecks include cardiologists, chief financial officers, dentists Dentists can refer to one of the following:
Also earning relatively high salaries are computer software design managers ($89,649), corporate jet pilots ($72,643) and tax attorneys ($80,143). At the other extreme, the ranks of those who make below $20,000 a year includes jobs whose value is under attack from new technology, such as bank tellers A bank teller is an employee of a bank who deals directly with most customers. In some places this employee is known as a cashier. Tellers are considered a "front line" in the banking business. and retail sales clerks sales clerk n (US) → dependiente/a m/f sales clerk n (US) → commesso/a . Also averaging less than $20,000 were amusement-park workers, parking attendants, bartenders, farm workers and home health aides. Most workers here fall somewhere in the middle. Some make more than might be imagined - a service station manager earns, on average, $74,322 a year. Some may make less than commonly thought - like $46,986 for an average securities broker and $26,944 for a camera operator. While that last figure may seem low, it reflects an average salary for all camera operators - from those behind the lenses for major motion pictures, to the people who take videos at weddings. Determining how much money people make can be a tricky Adrian Thaws (born January 27, 1968), better known as Tricky, is an English rapper and musician important in the trip hop and British music scene (despite loathing the "trip hop" tag). He is noted for a whispering lyrical style that is half-rapped, half-sung. job - especially in L.A. There are actors who are really waiters, illegal aliens who are working but not formally counted, and everyone's got a screenplay screenplay Written text that provides the basis for a film production. Screenplays usually include not only the dialogue spoken by the characters but also a shot-by-shot outline of the film's action. they'd like to sell. ERI Eri (ē`rī), in the Bible, son of Gad. prepared the Business Journal survey by compiling com·pile tr.v. com·piled, com·pil·ing, com·piles 1. To gather into a single book. 2. To put together or compose from materials gathered from several sources: data from dozens of regional and national studies conducted by government agencies and other organizations. The data were then assembled and evaluated by industry, location, size of firm and other factors. Salaries can be difficult to accurately track for many reasons. As the economy changes, new occupations are created. Sometimes, it takes a few years for standard pay scales to evolve. For example, the job of webmaster - the person who oversees an organization's Web site on the Internet - has just appeared over the past five years, and the market is still determining the going rate. As a result, salaries tend to vary, depending on whether the webmaster works for a company with a major online presence or for a small firm just venturing into cyberspace Coined by William Gibson in his 1984 novel "Neuromancer," it is a futuristic computer network that people use by plugging their minds into it! The term now refers to the Internet or to the online or digital world in general. See Internet and virtual reality. Contrast with meatspace. . Wages are also changing - more rapidly in some occupations than in others. For the past seven years, employers have been giving merit increases of 4 percent or lower on average, 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. a survey by William M. Mercer mer·cer n. Chiefly British A dealer in textiles, especially silks. [Middle English, from Old French mercier, trader, from merz, merchandise, from Latin merx Inc. But the survey also found that top performers are receiving double-digit increases, while low performers are getting goose goose, common name for large wild and domesticated swimming birds related to the duck and the swan. Strictly speaking, the term goose is applied to the female and gander to the male. eggs. "It's more beneficial to hire top performers, even if you pay a premium," said Catherine Shepard, a Mercer principal who leads the L.A. office's performance and rewards practice. She cited one study showing that top performers contribute 12 times the productivity of average performers. "Top performers can go to a new organization and call their price. That's what I think has put pressure on companies to do double-digit raises. They don't want to risk losing them," she said. In addition to top performers, certain occupations are in great demand - particularly in the areas of cost control (such as company financial officers), human resources The fancy word for "people." The human resources department within an organization, years ago known as the "personnel department," manages the administrative aspects of the employees. and information systems. "People have become the most volatile resources in an organization, the most difficult to control. It puts pressure on the positions that have to do with human resources,' Shepard said. Financial officer salaries have gone up as companies become more focused on keeping costs down. Mercer's study found controllers' base pay has increased by 56 percent since 1988. The Business Journal survey showed that pay for a chief financial officer in L.A. County averages $160,826. That reflects the fact that most companies have "done as much downsizing (1) Converting mainframe and mini-based systems to client/server LANs. (2) To reduce equipment and associated costs by switching to a less-expensive system. (jargon) downsizing as they can" and must find new ways to cut costs to be competitive, Mercer said. Salaries for technology-heavy jobs have increased by 52 percent in the past decade. Among the computer jobs on the Journal's list, computer software design manager has the highest average salary, at $89,649. Systems analysts and electronic data processors are projected to have one of the highest growth rates Growth Rates The compounded annualized rate of growth of a company's revenues, earnings, dividends, or other figures. Notes: Remember, historically high growth rates don't always mean a high rate of growth looking into the future. in terms of numbers of workers, going from 14,350 in 1994 to an estimated 22,770 in 2001, according to the state Employment Development Department. On the other hand, jobs that have been squeezed by technology have seen little growth in salaries. These include the file clerk, entry-level bank teller, and security guard, whose salaries have risen 23 percent, 27 percent and 33 percent, respectively, since 1988. Los Angeles salaries for all levels are 11.7 percent higher than the national average, said Marvin Dertien, research manager at Economic Research Institute. The higher salary levels are most pronounced at the lower levels, he said. For example, at the $24,000-per-year level, L.A. tends to run about 15 percent above the national norm. The differential is not as great as the pity level rises. At the $70,000 level, Dertien said, L.A. companies pay 8 percent more than the national average. That's because the higher-paying jobs tend to draw from a wider labor pool, whereas the market for lower-paying jobs is more local. Mercer's study showed that more companies are using variable compensation, such as incentives and bonuses, to reward top performance. The incentives are paid only if performance meets or exceeds expectations, and improved technology allows companies to track performance more accurately. "What we're seeing is a trend toward variable pay, for all levels of positions and holding employees more accountable for specific results," said Danielle Mitchell, senior consultant in the human resources strategies group at Deloitte & Touche in Los Angeles. Age and seniority are good clues to determining how much an employee makes, but even that may not help, as different industries handle compensation in different ways. A secretary may earn a yearly raise, advancing slowly up the pay scale, but never making a jump into a high-wage management position. On the other hand, a twentysomething assistant earning grunt wages for a Hollywood studio may become a hot producer with a new Mercedes in a matter of years. |
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