Although there has been a sharp increase in the number of web-based HR transactions
in the past few years, and many employers allow access to health care and retirement
benefits information, relatively few employers are allowing employees to access
information about their total compensation online, according to a new survey
by Watson Wyatt.
Average base pay for HR managers in China is more than double that of their
counterparts in India, according to a survey by Mercer Human Resource Consulting.
U.S. Representative Barney Frank has proposed legislation that would give shareholders
the opportunity to vote on compensation packages for chief executives of large public
companies, USA Today reports.
The median hourly wage for human resources managers was $39.78 in November
2004, and the median hourly wage for compensation and benefits managers was
$32.23, according to the Bureau of Labor Statistics of the U.S. Department of
Labor.
Median total compensation for chief executive officers in the United States
was higher in all industries in 2004, according to a study by the Conference
Board.
Hourly wages for highly skilled technology professionals improved in the third
quarter of 2005 compared with the same period in 2004, according to the latest
Yoh Index of Technology Wages.
Compensation costs for the private sector rose 0.8 percent from June to September 2005, compared with a gain of 0.6 percent in the prior quarter, according to the Bureau of Labor Statistics of the U.S. Department of Labor.
A coalition of business and charitable associations and the Internal Revenue Service
have joined together to educate the nation's employers about a leave-donation
program benefiting Hurricane Katrina victims.
The average pay raise worldwide is expected to be 2.4 percentage points above
inflation in 2006 compared with 1.9 percentage points in 2005, according to a
survey by Mercer Human Resource Consulting.
Employer costs for employee compensation averaged $24.24 per hour worked in
private industry in June 2005, according to the Department of Labor's Bureau
of Labor Statistics.
