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Waltham, MA,
April 11 th, 2007
-- The Merchant Risk Council and Salary.com Inc. (NASDAQ: SLRY), a leading provider of on-demand compensation management solutions, today announced the publication of the 2007 Merchant Risk Council Compensation Survey report. The survey report is the premier source of compensation data for employees in the fast-growing field of cyber-fraud prevention.
"This survey report will be a very useful tool for online-retailers that are seeking pay data on these specialized positions," explained Joseph Kilmartin, director of compensation at Salary.com. "Employers can use the survey results to set compensation at levels that will help attract and retain qualified fraud-prevention specialists."
Over 40 organizations participated in the 2006 Survey, including some of the largest and most well known organizations in the world. Nearly 25% of participants are Fortune 500 companies, and 16 participants reported revenue in excess of $1 billion. A majority of survey participants (67%) indicated they were public companies, while the remaining 33% were either private organizations or government institutions. Participating organizations ranged in size from 44 to 900,000 employees, with an average size of 56,807 employees.
The survey presents base salary and incentive data for eight industry-specific jobs. The following chart includes a representative sampling of jobs from the survey.
| Job |
Median Annual Salary |
| Fraud Analysis/Chargeback Manager |
$65,800 |
| Law Enforcement Liaison |
$46,500 |
| Sr. Fraud Prevention Analyst/Investigator |
$35,274 |
| Chargeback Analyst |
$29,120 |
It should be noted that while the above salaries are based on national data, compensation for fraud prevention staff often varies a great deal based on organization size and other factors. More information about compensation trends can be found in the survey report.
"Online merchants have learned that adopting effective fraud prevention methods can save their companies millions of dollars," said Tom Donlea, Executive Director of the Merchant Risk Council." As competition for fraud prevention staff increases, many organizations are becoming increasingly concerned about providing competitive compensation in this emerging field. This survey gives them the information to track salaries and adjust accordingly."
More information about the 2007 Merchant Risk Council Compensation Survey report, including sample report pages, can be found at http://mrc.salary.com. To purchase the survey report, email surveys@salary.com or call (800)-573-7781.
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.
About the Merchant Risk Council
The Merchant Risk Council (MRC) consists of over 7,800 merchants, vendors, financial institutions and law enforcement agencies. MRC members share the common goal of protecting and encouraging the thriving online commerce industry by establishing best practices for cyber-fraud prevention. The MRC facilitates knowledge sharing across member companies by commissioning and coordinating projects that benefit all participants, such as the 2007 Merchant Risk Council Compensation Survey.
For more information about the Merchant Risk Council, visit www.merchantriskcouncil.org or email the council at info@merchantriskcouncil.org.
Contact:
Jared Jost
p: (781)464-7341
press@salary.com
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