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Tariff Releases Inaugural compensation and salary index

Seattle, WA (NYSE) 12 October 2010

deal, Inc. today announced the release of the constituent rate index, which tracks trends in the quarterly results. In particular, contain a total cash consideration for tariff index changes for full-time employees in the private sector in the United States.

rate index uses a unique approach to measuring trends. In contrast to indices such as the index of consumer prices, the prices of certain goods and services (periodically reflect changes in buying habits of Americans updated) measures, the index information be used in all tariff workers in the private sector full-time workers in this sector in any given period .

collective performed a detailed analysis of various factors, such as compensation, such as professional experience, education, work and work commitments impact on wages. This analysis is based on comprehensive data plan over 23 million profiles of employees, including 250 compensable factors for 7,000 unique job titles, such as employee pay, depending on the factor representing different shows based.

“The greatest accuracy of the index rate is essential for the understanding of consumer confidence: For the lucky ones who still have a job, the index shows, the tariff, a pay cut or no increase obtained in the last two years the typical experience, “says Al Lee, director of quantitative analysis in tariff.

rate index also explores quarterly changes in compensation of employees in 15 categories of the private sector separately, 20 cities and fixed sizes of less than 100 employees, 100-1500 employees, and more than 1,500 employees. These industries include: Arts, Entertainment and Recreation Business Operation Support Services, construction, finance and insurance, food and lodging, medical care and social assistance, information, media and telecommunications, manufacturing, mining, professional, scientific and, Tech Services, Real Estate , retail, transportation and storage / warehousing, supply and wholesale

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Index Highlights:

Since 2006, wages rose only by 4.0% for employees in the private sector, while the core index rose by 7.5%
o In 2009, real (nominal) wages fell by 1.5% and remained stable, as is the core CPI rose further

O The typical private sector worker earns 3.5% less in real purchasing power now, while doing the same work as they acquired in 2006.

o Wages in a single industry, mining, oil and gas (9.1%) exceeded inflation since 2006.

In the past 12 months to Q3 2010, the national minimum wage rose by only 0.1%
o Only 5 of the 20 metros have 12 months salary increases of more than 0.1%

Baltimore (1.6%), St. Louis (0.6%), Washington DC (0.5%), the City of New York (0.4%) and Phoenix (0.4%)
O Only 6 of 15 industries have 12 months salary increases of more than 0,1%

Utilities (0.8%), mining and oil and gas (0.6%), finance (0.5%), health (0.2%), transport (0, 2%) and retail ( 0.2%)
The worst time to full-time employees in the private sector salaries since 2006, six months between Q4 2008 and Q2 2009, when wages fell by 1.3%.
In the last quarter, Q3 2010, there were no indications at the national level, rising real wages and purchasing power:
o Real wages are up by 0.1% over the previous quarter

o purchasing power by 0.2% over the previous quarter

“The index shows that collective workforce of the U.S. private sector, the laws of supply and demand subject. typical salaries by the index measured fell tariff has unemployment risen in the current recession, the single market approach in real time it unique price index of these important trends can recognize the private sector, “said Lee.

About

rate

PayScale.com is the leading provider of compensation data for employees. With the largest database in the world of the income profiles, provides an immediate and precise collective snapshot of the current market wage for workers and employers. Tariff patent-pending profiling technology in real-time collection and indexes employee pay attributes worldwide and makes this data compensation through its online salary tools and benchmarking reports wages. Tariff was established in 2002 and is headquartered in Seattle. Fare on Twitter and Facebook followed http://www.facebook.com/PayScale http://twitter.com/payscale

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