Labor Markets and Geographic Differentials

by Malak Kazan, CECP, CCP, CBP, GRP 18. February 2016 12:52
Depending on whether the economy is experiencing growth or a recession, the private and government sectors have different strategies to manage them. Recent macro-level topics focus on the need to create better quality jobs that grow the middle-income household segment while facing skills shortages, as in Science, Technology, Engineering, and Math (STEM) jobs, for example. At ERI, we help subscribers determine the cost impact of their strategies through the application of compensation analytics. As stakeholders, HR leaders want a trusted partner to keep a pulse on the competitive advantages of geographic labor cost differentials in light of external market conditions. [More]

U.S. Labor Market Tightens

by ERI 10. February 2016 09:31
Two recent government data releases have suggested tightening labor market conditions. On February 5th, the government released its Current Employment Statistics monthly employment report for January. Average Hourly Earnings for all private employees was up 2.5% on a year-over-year basis. As the graph below shows, there is a clear upward trend in the last year that is in marked contrast to the preceding five years. [More]

When Not to Be an Outlier

by Linda M. Lampkin, Senior Nonprofit Compensation Specialist 28. January 2016 12:41
While there are some situations that call for standing out from the crowd, setting nonprofit executive compensation is not one of them – that is, unless there is a thoughtful process that is not only supported by data, but also well-documented, and justifies a higher-than-expected salary. [More]

Why Compensation Analytics?

by Malak Kazan, CECP, CCP, CBP, GRP 20. January 2016 12:54
Organizations are leveraging internal and external datasets to generate analytics upon which they can make smarter business decisions. The effective design of robust analytics can be based on time series regression analysis. This generally is the result of iterative analytics that lead to identifying meaningful independent variables. These independent variables help to predict with some reasonable certainty a probable outcome. [More]

Variation in Nonprofit CEO Salaries Matters

by Linda M. Lampkin, Senior Nonprofit Compensation Specialist 6. January 2016 12:44
Headlines may cover the instances of high pay for nonprofit executives, but a closer look at all the data reported on CEO pay indicates that compensation averages are actually pretty low. Using ERI’s Nonprofit Comparables Assessor, the table below shows the average annual pay for CEOs of all US Human Services organizations (plus averages for the 25th and 75th percentiles). These calculations are based on pay reported by charities on Forms 990, the annual report required by the IRS. [More]