CRI Releases Its 2003-2004 College Graduate Survey

Upper Saddle River, N.J. - May 2004 - Compensation Resources, Inc. has released the results of its 2003-2004 College Graduate Salary Survey. The purpose of this study was to obtain compensation data and information on recruiting and hiring trends for recent and new college graduates. The survey sampled compensation data from 71 organizations, including 1,253 jobs.

The results do not indicate any startling or unexpected results, and for the most part, they are consistent with other studies covering broader employee compensation trends.

Among the most significant findings was that total cash compensation, which consists of salary and bonus/incentives, increased by a respectable 6.1%, even though salaries only increased by a modest 0.8%. This is consistent with the trend of increased use of variable pay elements by many organizations. Variable pay allows companies to offer competitive pay with upside potential, while controlling fixed overhead for payroll costs, and to some degree, lessening the impact of higher salaries on benefit costs (i.e., vacation and time off benefits, retirement, some insurances, etc.).

Some additional highlights:

• Findings for 2004 indicate that the financial services industry is the top paying industry for recent college graduates ($60,900).
• Companies are currently utilizing a wide variety of methods to recruit recent college graduates. The three most equally popular methods are College Career Centers, Employee and Business Associate Referrals, and Internet Job Boards.
• The majority of responding companies have turnover rates of recent college graduates of 15% or less.

Paul R. Dorf is the Managing Director of Compensation Resources, Inc. He is responsible for directing consulting services in all areas of executive compensation, short and long-term incentives, sales compensation, performance management systems, and pay-for-performance, salary administration. He has over 40 years of Human Resource and Compensation experience and has held various executive positions with a number of large corporate organizations. He also has over 20 years of direct consulting experience as head of the Executive Compensation Consulting Practices for major accounting and actuarial/benefit consulting firms, including KPMG, Deloitte Touche (formerly Touche Ross), and Kwasha Lipton.

---

What to Look for When Choosing an Online Degree Program

Choosing an online education program should be exciting and fun.... Read More

Hidden College Costs: Roommate Conflict

Parents, if you're already reeling from the costs of today's... Read More

IMT College - Full Online

IMT College - full online* Ensure Your Future* Immediate Use... Read More

Financial Aid for Online Education

You've made the decision to pursue your degree online and... Read More

College Freshman: How to Get Over Homesickness

Whether you're a freshman or a senior, studying abroad or... Read More

MRCP and MRCPCH ? Preparation for the Examination

There should have been a time in the human history... Read More

Life-Long Students Make More Money

You may not miss eating Ramen noodles everyday, but you... Read More

Academia Fraud and Brain Washing Cartels

Many have a tough time listening to the scientists debate... Read More

Self-Injury on College Campuses

Self injury is intentionally causing self-inflicted physical pain in order... Read More

Get Your College Degree Online

Have you long wanted or needed to increase your level... Read More

Graduation Quotations - Top 35

"Life is my college. May I graduate well, and earn... Read More

Free Money For College

What if someone came up to you and offered you... Read More

Balancing College Life and Academics

1. Control Your Schedule; Don't Let Your Schedule Control YouOrganization... Read More

Consolidate Student Loans and Shop Online

If you run a home business, you know that budgets... Read More

SAT Test Preperation; Prep Options

It's time to take the SAT's. How should you prepare?... Read More

Researching the Pros and Cons of Getting Your Degree Online

Are you considering getting your bachelor's or master's or other... Read More

College Admissions Essays that Take 1st Place -A Personal Statement Checklist

Congratulations on your move toward a college degree. And congratulations... Read More

The Family University Network: Unplugging Institutional Higher Education

Why not build a Christian family enterprise with the energy,... Read More

Building Interaction Into Your Online Course

You've already decided that you're ready to author online and... Read More

Why Students Turn To Custom Writing Services

Plagiarism has been condemned lately by all types of experts,... Read More

Distance Learning : Get an education while you work!

Distance Learning Makes the GradeDistance Learning might make all the... Read More

Online Degree Education - Advantages

Distance education has been getting a lot of attention lately,... Read More

Internetworking and Security Multiple Choice Test

Personally, I dislike Multiple Choice Tests. Because they do not... Read More

How Parents Can Help Allieviate The Stress of Getting Into College

Getting into college is a stressful experience for most high... Read More

College Tuition Costs are Spiralling

So, our children want to fly away from the nest... Read More

Secrets Of Successfully Sitting Exams

Many people work hard studying various subjects to sit for... Read More

Marketing Students: 5 Guidelines For Your Final Paper

Get motivated! ('Why do I write this paper?")This is a... Read More

College Roommates: Threes A Crowd

It's hard enough sharing a dorm room the size of... Read More

How to Choose the Right School For You

Now that the admission committees have handed you their decisions,... Read More

Packing for College

Sending a child away for college and helping them pack... Read More

Distance Learning and Distance Learning Online

Distance learning has become extremely appealing and widely attended because... Read More

An Education in Saving on Textbooks

Every year students flock to the college bookstore to purchase... Read More

The Key to Online College Classes - Have It Your Way

Never before has online education been more esteemed than today.... Read More