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Waltham, MA,
November 1st, 2006
-- Salary.com, Inc., a leading provider of on demand compensation management solutions, and The Titan Group LLC, a strategic human resources consultancy, today announced the publication of the 2006 Greater Richmond Compensation and Benefits Survey reports. Covering a full spectrum of positions from Chief Financial Officer to Housekeeper, the compensation survey reports employee pay data for 180 key jobs found in the greater Richmond area. The benefits report includes competitive data on employer practices regarding health benefits, life/disability insurance, retirement benefits, paid leave, and relocation programs.
Employers are increasingly attracted to the Richmond area because of low costs. Recent years have seen the relocation of Philip Morris USA’s corporate headquarters to Richmond, and a significant expansion in Wachovia Securities’ workforce following its merger with Prudential Securities. As Richmond’s economy expands, local organizations must ensure that their employee pay and benefits packages remain competitive. The 2006 Greater Richmond Compensation and Benefits Survey reports give employers the market data they need to set compensation at levels that will attract and retain employees.
A total of 94 organizations participated in the 2006 surveys, including some of Richmond’s largest and most well known companies. Nearly one-half of survey participants reported being privately owned, while a third of organizations were either not-for-profit or government entities. Approximately 18% of participants indicated they were public companies. Participants represent a broad range of industries and range in size from 5 to 73,000 employees, with an average size of 2,531 employees.
The 2006 Compensation Survey report displays base pay and variable pay data for 180 benchmark jobs, a significant increase from the 57 jobs reported in last year’s survey. The jobs are in the following main categories:
| Business Segment |
# Jobs |
Business Segment |
# Jobs |
| Trades (Blue Collar Jobs) |
36 |
Human Resources; |
16 |
| Finance & Accounting |
25 |
Sales & Marketing |
14 |
| Information Technology |
25 |
Healthcare |
12 |
| Office & Support |
17 |
Engineering |
9 |
In addition, the survey report displays data for jobs in the Not-for-Profit, Hospitality, Communications, Call Center, Construction, and Distribution job families.
The following chart includes a representative sampling of jobs from the survey.
| Job |
Median Annual Salary |
Median Total Cash Compensation |
| Human Resources Director |
$99,500 |
$101,500 |
| Marketing Manager |
$80,000 |
$85,100 |
| Purchasing Manager |
$77,800 |
$77,800 |
| Civil Engineer III |
$66,300 |
$66,300 |
| Network Administrator II |
$60,100 |
$61,700 |
| Staff Nurse - RN |
$56,000 |
$56,000 |
| Executive Assistant |
$44,800 |
$45,000 |
| Customer Service Representative II |
$36,000 |
$39,100 |
| Call Center Representative II - Inbound |
$32,000 |
$32,500 |
| Fork Lift Operator |
$29,900 |
$30,600 |
| Security Guard |
$24,400 |
$25,500 |
| Housekeeper |
$20,100 |
$20,100 |
“These survey reports will be a very useful tool for any employer,” explained Lee Weisiger, Co-Owner and Principal of the Titan Group. “The survey reports can aid employers of any size in measuring their salaries and benefits against local competition, particularly for recruiting purposes. We are finding that many employers are becoming increasingly concerned about being able to provide a competitive compensation package in this labor market. This survey gives them the information to help them track local wage rates and adjust accordingly.”
More information about the 2006 Greater Richmond Compensation Survey and 2006 Greater Richmond Benefits Survey report package, including purchase price, can be found at http://www.titanhr.com/products.htm. To purchase the survey report package, email The Titan Group (admin@titanhr.com) or call 804-754-8330.
About The Titan Group, LLC
The Titan Group LLC provides strategic Human Resources Consulting services to emerging and established organizations that want to optimize their investment in their human resources. They offer creative and comprehensive consulting services that are specifically positioned for each client and reflect the organization's culture, business strategy and competitive landscape. These services include:
- Compensation Studies
- Human Resources Consulting
- Management Training
- Management Assessments and Coaching
- Employee Surveys
The Titan Group is a partnership of Human Resources executives who together bring over 50 years of experience from several Fortune 500 organizations, including Capital One, SunTrust, First Union, Pizza Hut, Trigon, PriceWaterhouseCoopers, American Home Products, Tenneco and Standard MicroSystems. For more information, visit their website at www.titanhr.com.
About Salary.com, Inc.
Salary.com is a leading provider of on-demand compensation management solutions helping businesses and individuals manage pay and performance. Salary.com provides companies of all sizes comprehensive on-demand software applications that are tightly integrated with its own proprietary compensation data sets, thereby automating the essential elements of the compensation management process and significantly improving the effectiveness of its client’s compensation spend. For more information, visit www.salary.com.
Contact:
Jared Jost
p: (781)464-7341
press@salary.com
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