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Claim Your Free Copy of Overtime Primer: Highlights from the New Regulations

The federal DOL overtime regulations go into effect this year. Are you ready?


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This report includes a summary of key changes, including the salary level test and salary basis test.

As a bonus, we've included a handy flowchart to help you determine exemption status under the FLSA.

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April 18, 2005
College Grads See Better Salary Offers

Average salary offers to new college graduates are on the rise, according to a survey by the National Association of Colleges and Employers (NACE).

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Accounting graduates saw their average starting salary offer rise 3.9 percent to $43,809 since last spring. Graduates with business administration/management degrees saw their average jump 3.2 percent to $39,448, according to NACE.

Salary offers to economics/finance graduates increased 5.1 percent, bringing their average starting salary offer to $42,802.

Marketing graduates saw an increase of 6 percent, pushing their current average offer up to $37,832.

Computer science graduates saw a more modest 2.6 percent increase to their average starting salary offer, raising it to $51,292.

Information sciences & systems graduates saw a slight decrease of 0.8 percent in their average offer, reducing it to $43,732.

Most engineering disciplines posted increases. However, computer engineering graduates saw their average salary offer drop by 2 percent to $51,496.

Overall, the average offer to liberal arts graduates is currently $30,337, up 4.2 percent from last year's average of $29,119.

"There are areas--business and engineering, for example--that stand out with average salary increases nearly across the board," says Camille Luckenbaugh, NACE research director. "But having additional areas such as liberal arts and computer science showing increases indicates positive momentum in the job market and is very encouraging news for this year's class of college graduates."

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