Wednesday, February 09, 2005

CAREER ADVISER:
Rate Your Raise

Here are the early results from the Rate Your Raise study we launched in January, "CPAs Primed to Find a New Job."

Compared to last year, will the average raises at your organization be More, Less or About the Same?
More .................... 18%
Less .................... 19%
About the Same .................... 63%

How much will the average raise be at your organization this year?
0% .................... 5%
1% .................... 2%
2% .................... 10%
3% .................... 37%
4% .................... 20%
5% .................... 11%
6% .................... 4%
7% .................... 2%
8% .................... 3%
9% .................... 1%
10% or more .................... 6%


Personally, are you expecting your own raise to be More, Less or About the Same as the average raise at your organization?
More .................... 37%
Less .................... 13%
About the Same .................... 49%

What is your current annualized total compensation category?
Up to $30,000 .................... 0%
$30,001 to $40,000 .................... 4%
$40,001 to $50,000 .................... 7%
$50,001 to $60,000 .................... 12%
$60,001 to $70,000 .................... 14%
$70,001 to $80,000 .................... 14%
$80,001 to $90,000 .................... 13%
$90,001 to $100,000 .................... 10%
$100,001 to $125,000 .................... 13%
$125,001 to $150,000 .................... 6%
$150,001 to $200,000 .................... 4%
$200,001 and Over .................... 3%

DEMOGRAPHICS

In what type of business do you work?
Public accounting .................... 36%
Business or Industry .................... 52%
Government .................... 3%
Not-for-profit .................... 7%
Education .................... 1%
Other .................... 2%

How many people work in your office or location?
1 to 10 .................... 14%
11 to 50 .................... 29%
51 to 100 .................... 13%
101 to 500 .................... 23%
More than 500 .................... 21%

Which best describes your position?
Chief Executive/Managing Partner .................... 3%
Senior Executive/Partner .................... 16%
Middle Management .................... 53%
Staff .................... 21%
Other .................... 7%

In your opinion, what will be the key factors affecting your income this year? (Please explain.)
(Sampling of Verbatim Responses)

· Increased competitive pressure have decreased Company's Financial Results
1) Whether or not my boss lets me have a promotion. 2) State of the business as a whole. 3) My performance.
· 404 transition, staffing movements
· A new job in another organization. There is little to no mobility in my current organization. The environment is getting worse every year for our business.
· a poorly designed incentive plan and no concern for market value related to the position I hold
· A well orchestrated tax season and the effective implementation of new policies & procedures. Additionally, the utilization of my new CVA certification will have a major impact on my compensation.
· Ability of department and company to meet budgets.
· Ability of organization to meet budget
· ability of the firm to abosrb increase in health insurance premiums, generally premium increases have resulted in reduced salary increases
· Ability to hire and retain qualified staff so that we can continue to grow.
· Ability to retain clients and bill what our services are worth.
· ability, communication, hard working, smart
· Accomplishments in the area of special projects (BSA and Sarbanes-Oxley)
· Accounting group's overall contribution to the companies bottom line and my own individual value added.
· achievement of goals, education level
· Utility, fuel & food costs
· utilization and bonus
· We all get std cost of living raise which has been 3% last several years. 2005 we got 4%.
· We are a performance based organization with income affected by number and quality of audits with emphasis on dollar savings and value added to our stakeholders.
· whether or not I find a new job.
· Whether or not I leave this job for another
· Whether or not I stay with the same company.
· Whether or not the company makes money.
· whether our company is sold or not.
· whether our company meets its performance targets which trigger bonus compensation
· Whether the Company achieves significant profitability
· Whether we increase staff & I see a promotion out of it.



Copyright ©1999-2005 Rick Telberg/Bay Street Group LLC