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.

More Resources

Unable to open RSS Feed $XMLfilename with error HTTP ERROR: 404, exiting

More College/
University Information:

Related Articles

What to Look For When Choosing an Online University
A college degree gives a person a guarantee of higher wages and a better job. Sadly, many Americans continue to go on without having a college degree.
Is Pursuing A Degree Online Really For You? Who Should And Who Should Not?
Stanford University's Online Lessons Learned Stanford University's Center for Professional Development has recently completed a survey of those that have been successful in completing online degree programs globally. The results of their research provide useful guidance for anyone considering an online program.
How to Save Money While at College
Still struggling to pay off the college loan? Have you disconnected your cell phone just to avoid those darn creditors? Need a quick get rich scheme? Well?maybe not that but in this article you will find some practical ways on saving money while attending your post secondary institution.BooksCollege book prices have been rising along with the cost of tuition, and it is no wonder why so many students have resorted to photocopying their texts.
Online Degree Education - Advantages
Distance education has been getting a lot of attention lately, but it isn't new. Correspondence courses have been around for over a century, allowing students to complete assignments and mail them to an instructor for feedback.
Business and Academia!
The driving factor of any university is to make the students understand the business needs of today and equip them for a better tomorrow. This means there has to be a constant inflow of feedbacks on "what" the business needs today and what it might need tomorrow.
College Bound: The Organized Dorm
I can still remember my shopping list for my first dorm room. Years ago we kept it simple -- the must have storage staple was the old dairy crate and that was pretty much it.
Distance Education is Now Training the Next Genertation of Medical Assistants
Some people are calling it distance-free learning for the Medical Assistant. Distance Learning happens wherever the learner is most available, free from the traditional boundaries of geography.
Oustanding Business Professors at WVU, Part 1
Paula Bone is a marketing professor who teaches "Consumer Behavior" and "Marketing Strategy" at West Virginia University's College of Business and Economics. Classes filled with lots of theory can be intimidating for students who are used to answers being "black" and "white," but Dr.
Need Help Paying Back Student Loans?
Many college students and graduates are looking for a solution for their student loan debt. While borrowers may be having difficulty paying back student loans, there is help.
All About Grants for College Students
Grants are a type of student aid that is awarded by the government. Grants for college students do not have to be repaid.
Online Nursing Degree For Busy Nurses
Many who work in the healthcare or nursing industry know without question that free time (time within which to relax and call your own) is at a premium. In this regard, they work in extremely demanding jobs: both in terms of the jobs they do and the hours on the job they spend.
Online College Programs - How to Apply
The first step to getting your online degree is to apply to colleges. Research several colleges offering the degree program you need.
Online Education: 57 Leading Institutions
Getting a college degree today is easier than ever before thanks to the number of institutions offering distance learning opportunities. Whether you are pursuing a undergraduate, graduate, or doctorate degree you can choose from scores of degree granting schools.
Commercialisation of Higher Education in South Africa
Introduction and Literature ReviewSouth African education policies place priority on addressing historical education imbalances, but should also be sensitive to the demands of an ever-increasing global knowledge-driven environment. The educational system cannot be dominated by the needs of the domestic educational system of South Africa ignoring the trends exerted by the global world (OEDC Annual Report, 2004:44).
Financial Aid for Online Education
You've made the decision to pursue your degree online and you've been accepted to an online program. Now what do you do? The next step in realizing your dream is to secure the funds needed for your education.
Education - Let The Learning Begin!
You've probably heard it since you were little, 'get a good education and you'll go far in life.' Maybe you used to wonder how truthful your relatives were when they said those words to you.
Discover How Online College Classes Work
It's no secret that more and more people are looking to the internet for a convenient way to further their education. Online classes are a great way to obtain an accredited college degree from home and continue to work a full time job.
Self Marketing 101 - Why Students Should Tell Lies
Everybody lies, and storytellers are some of the best liars around. But here is the problem: People like storytellers.
Too Much to Read and Too Little Time
I spent the better part of 17 years in and out of higher education. Eleven of those years were invested in taking classes and pursuing degrees.
Secrets Of Successfully Sitting Exams
Many people work hard studying various subjects to sit for examinations in them. Fine.