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Executive Compensation Report Released by Staffing Industry Analysts, Inc.; Public Staffing Companies Pay Out Less at the Top.

LOS ALTOS, Calif. -- Total compensation for top staffing industry executives declined by a median of 26% in 2003, according to Staffing Industry Analysts, Inc., which released a report on executive compensation in the September 24, 2004 issue of its newsletter, Staffing Industry Report. The decline was reflected in lower bonuses, an artifact of the hard times the industry endured during the recent recession.

The specially commissioned report on the chief and second-highest paid executives revealed a median base salary of $364,112 and a median bonus of $135,575 in 2003. The most highly compensated executive in the industry was Max Messmer, CEO of Robert Half International (NYSE:RHI), who received $11.8 million in total compensation.

According to the report, cash remains the compensation linchpin in the staffing industry. "This was noticeably so compared to other industries," said Barry A. Asin, Chief Industry Analyst for Staffing Industry Analysts, Inc., "with staffing industry executives receiving 71% of total compensation in cash compared to 57% in other industries."

Total compensation as a percent of revenue for the top two executives combined was usually less than 1%, although several firms did pay out more than 2%. According to Staffing Industry Analysts' proprietary benchmarking data, for most large staffing firms, total personnel costs as a percent of revenue are currently in the 8% to 13% range.

About Staffing Industry Analysts, Inc.

Staffing Industry Analysts, Inc. is the leading provider of business intelligence, market data, news, and analysis to staffing industry executives as well as industry suppliers, analysts and buyers of staffing services. Products and services include benchmarking reports, market research, print/electronic publications, and executive conferences. Staffing Industry Report, the U.S. staffing industry's trade newsletter, is entering its 15th year of publication.
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Publication:Business Wire
Date:Sep 24, 2004
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