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Mercer Database Shows Wide Variation in Managers Pay
For human resource managers, pay ranges from $107,200 in the Finance/Banking industry to $102,000 in Manufacturing Non-durable and $90,300 in Retail Wholesale, according to a Mercer news release. For information systems managers pay ranges from $116,700 to $108,300 and $108,900, respectively.
Financial systems managers in the Professional Services industry receive a higher pay ($116,700) than those in Manufacturing Non-durable ($114,400), Finance/Banking ($101,200), and Retail/Wholesale ($92,800).
Year-over-year comparisons by position indicate a range of changes in median total cash compensation, the news release said. Pay increases varied considerably among some of the most common executive level positions. The top human resource management executives received an average 6.5% pay increase from 2007 to 2008, while chief financial officers received a 4.5% bump in pay and top marketing research executives only saw their pay increase by 0.3%.
The 2008 US Mercer Benchmark Database is a source of pay data for more than 1,000 functional positions. The database helps organizations assess trends in pay to ensure compensation for their employees is competitive and financial resources are properly allocated.
The modules of the database are available individually or as a single, cross-functional database. To order the 2008 US Mercer Benchmark Database, visit www.imercer.com or call 800 333 3070.
align="center"> Position | align="center"> Finance/ align="center"> Banking* | align="center"> Retail/ align="center"> Wholesale* | align="center"> Manufacturing Non-Durable* | align="center"> Professional Services* |
Human Resource Manager | align="center"> $107,200 | align="center"> $90,300 | align="center"> $102,000 | align="center"> $104,500 |
Marketing Manager | align="center"> $99,000 | align="center"> $82,500 | align="center"> $110,000 | align="center"> $87,700 |
Information Systems Audit Manager | align="center"> $116,700 | align="center"> $108,900 | align="center"> $119,600 | align="center"> $108,300 |
Financial Systems Manager | align="center"> $101,200 | align="center"> $92,800 | align="center"> $114,400 | align="center"> $116,700 |
Quality Assurance Manager | align="center"> $104,000 | align="center"> $77,600 | align="center"> $91,000 | align="center"> $90,000 |
align="center"> Position | align="center"> 2008 Total Cash Compensation* | align="center"> 2007 Total Cash Compensation* | align="center"> Percent Change |
Top Legal Executive/General Counsel | align="center"> $422,400 | align="center"> $406,400 | align="center"> 3.9% |
Chief Financial Officer | align="center"> $484,000 | align="center"> $463,100 | align="center"> 4.5% |
Top Marketing Research Executive | align="center"> $215,300 | align="center"> $214,600 | align="center"> 0.3% |
Information Systems Executive | align="center"> $202,000 | align="center"> $195,100 | align="center"> 3.5% |
Top Human Resource Management Executive | align="center"> $296,300 | align="center"> $278,300 | align="center"> 6.5% |
*Median total cash compensation