Salary And Project Budgeting Data Tools

Salary and Project Budgeting Data Tools: How to Use STC’s Salary Database in Employment Decisions Richard C. O’Sullivan, Principal Change Management Solutions Cassidy Canzani, Economist U.S. Bureau of Labor Statistics

What Happened to the STC Salary Survey? ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Slide Copyright © 2008 Change Management Solutions

Where Do the Data Come From? ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Slide Copyright © 2008 Change Management Solutions

What is included? ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Slide Copyright © 2008 Change Management Solutions

Hourly versus Annual Wage Estimates ,[object Object],[object Object],[object Object],Slide Copyright © 2008 Change Management Solutions 10th percentile 25th percentile Median 75th percentile 90th percentile Hourly wage $17.54 $22.44 $29.04 $36.85 $45.46 Annual wage $36,490 $46,680 $60,390 $76,650 $94,550

Who is Included in Media and Communication? ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],You are special! Don’t be lumped in with other writers. Slide Copyright © 2008 Change Management Solutions

Comparing Wage Increases by Salary Range Hourly percentile wages for Technical Writers in professional, scientific, and technical services firms Different percentiles experienced different changes in wages. Comparing your salary to the closest percentile you gives you the most appropriate rate of increase to budget. Slide Copyright © 2008 Change Management Solutions 10th percentile 25th percentile Median hourly wage 75th percentile 90th percentile May 2007 $18.05 $22.87 $29.42 $36.99 $45.52 May 2006 $17.47 $21.89 $27.93 $35.21 $43.60 Pct Chg. 3.3% 4.5% 5.3% 5.1% 4.4%

Industries with Largest Tech Writer Workforce These five industries account for over two-fifths of tech writer employment in US. Slide Copyright © 2008 Change Management Solutions Industry Total employment Mean hourly wage All technical writers in all industries 46,740 $30.18 ,[object Object],8,550 $31.77 ,[object Object],3,300 $28.62 ,[object Object],3,000 $30.77 ,[object Object],2,670 $27.68 ,[object Object],2,570 $33.84

Top Paying Industries for Tech Writers Slide Copyright © 2008 Change Management Solutions Industry Total employment Mean hourly wage Financial investment activities other than securities and commodity contracts Not released $37.31 Computer and peripheral equipment manufacturing 1,140 $36.27 Grantmaking and giving services Not released $35.11 Business schools and computer and management training 190 $34.70 Wireless telecommunications carriers (except satellite) 50 $34.55

What Regions are Available? ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Slide Copyright © 2008 Change Management Solutions

Tech Writers vs. Other Professionals Media professionals in insurance agencies and brokerages Slide Copyright © 2008 Change Management Solutions SOC Code Occupation Total employment Mean hourly wage 27-0000 Arts, design, entertainment, sports, and media occupations 1,310 $25.01 27-1024 Graphic designers 250 $22.50 27-3031 Public relations specialists 870 $25.77 27-3042 Technical writers 50 $30.30 27-3043 Writers and authors 30 $25.70 27-3099 Media and communication workers, all other 50 $22.21

Largest Concentration of Workforce Slide Copyright © 2008 Change Management Solutions Metropolitan Area Total employment Mean hourly wage Pct. of MSA employment Framingham, Mass. NECTA Division 440 $40.23 0.281% San Jose-Sunnyvale-Santa Clara, CA 1,350 $43.58 0.148% Colorado Springs, Colo. 370 $26.47 0.146% Bethesda-Gaithersburg-Frederick, Md. Metropolitan Division 820 $33.22 0.144% Lowell-Billerica-Chelmsford, Mass.-N.H. NECTA Division 160 $36.11 0.136%

Best Paying Metropolitan Areas Slide Copyright © 2008 Change Management Solutions Metropolitan Area Total employment Mean hourly wage Pct. of MSA employment Lynn-Peabody-Salem, Mass. NECTA Division Not released $50.46 Not released San Jose-Sunnyvale-Santa Clara, CA 1,350 $43.58 0.148% Framingham, Mass. NECTA Division 440 $40.23 0.281% Nashua, N.H.-Mass. NECTA Division 80 $39.27 0.059% San Francisco-San Mateo-Redwood City, CA Metropolitan Division 710 $38.44 0.072%

Calculate Percent Change ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],* ECI for wages and salaries for all civilian workers in professional and related occupations, not seasonally adjusted, 2 nd quarter 2007 and 1 st quarter 2008 Slide Copyright © 2008 Change Management Solutions

Dear STC … I would like to be able to drill down into the data to learn how many "technical writers" there are in the Bay Area, specifically Silicon Valley cities such as San Jose. Slide Copyright © 2008 Change Management Solutions MSA Total employment Mean hourly wage Median hourly wage San Francisco-Oakland-Fremont, CA 1,170 $37.55 $37.92 ,[object Object],460 $36.19 $36.92 ,[object Object],710 $38.44 $38.82 San Jose-Sunnyvale-Santa Clara, CA 1,350 $43.58 $43.11 Santa Cruz-Watsonville, CA 30 $27.49 $22.46

Dear STC … ,[object Object],[object Object],Employees at your level make $35.11. But you need to include benefits and overhead. Benefits add another 40% to the cost of an employee and overhead another 10%. Because of marketing time, you will only be billable 75% of your time. So ($35.11 + (35.11*50%))/75% = $70.22. Slide Copyright © 2008 Change Management Solutions Total employment 10th percentile 25th percentile Median hourly wage 75th percentile 90th percentile 830 $20.16 $23.26 $28.37 $35.11 $41.71

Resources ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Slide Copyright © 2008 Change Management Solutions

Salary And Project Budgeting Data Tools

Recomendados

Recomendados

Más contenido relacionado

La actualidad más candente

La actualidad más candente (9)

Destacado

Destacado (8)

Similar a Salary And Project Budgeting Data Tools

Similar a Salary And Project Budgeting Data Tools (20)

Más de Char James-Tanny

Más de Char James-Tanny (6)

Último

Último (20)

Salary And Project Budgeting Data Tools