Total Compensation Survey of Mid-Atlantic Technology Companies
KnowledgeBank Total Compensation Survey for Mid-Atlantic Technology Companies is the most comprehensive assessment of total compensation practices for technology firms in the Mid-Atlantic region, and is dedicated to serving the needs of technology companies ranging from small, emerging-growth to middle-market and large entities throughout the region. Recognizing the dearth of benchmark compensation, benefits and human capital practices data for small and emerging technology companies, KnowledgeBank is dedicated to growing the participation of companies in this segment, and we are concentrating our efforts in survey growth in this dynamic subset of the larger technology sector. The survey provides summaries and analysis of total rewards data collected from companies throughout the region, and provides salary and incentive bonus data for 44 benchmark jobs, ranging from the Chief Executive Officer to Programmer Analyst, Senior Software Developer, Network Engineer and Tech Support Specialist positions. The summary report provides salary adjustment, short term and equity incentive plan, human resource management practices, and employee benefit plan prevalence data. To participate, firms must have more than two employees and provide pay data matches for at least two of the 44 jobs. Participating companies' responses are kept strictly confidential and are not shared with any other organization.
The survey is sponsored by the following regional technology councils and other organizations that serve the technology sector:
- Northern Virginia Technology Council
- Greater Philadelphia Alliance for Capital and Technologies
- New Jersey Technology Council
- Hampton Roads (VA) Technology Council
- NOVA SHRM
- Pennsylvania Bio
- Maryland Biotechnology Center
- Charlottesville Business Innovation Council
- West Virginia High Technology Consortium
- Southern Piedmont Technology Council
- Washington Area Compensation and Benefits Association
- Dulles SHRM
- Leesburg Greater Loudoun SHRM
- Charlottesville Society for Human Resource Management
- Women in Technology
- SECAF
Summary of Key Findings from 2012 – 2013 Survey
Average annual salary adjustments were 3.2%, somewhat higher than the 2011 actual adjustment of 2.4%, but still significantly below the 4.2% granted in 2008.The 3.2% actual in 2012 was once again below the original projection of 3.5%. For 2013, survey participants are projecting an average salary adjustment rate of 3.0%. 2012 projections of approximately 3.0% remain at historic lows, and actual salary adjustments have been lower than the projections in each of the last four years. KnowledgeBank collected data for the survey in September and October 2012 from 61 firms with total employment of 18,971 and incumbent pay data for 3,008 employees. The survey respondent median revenue was $7.8 million and the median staff size was 43 employees. Nearly three-quarters of responding companies had annual revenue less than $20 million, and 37% of the respondents identified themselves as government contractors.
For additional information, or to order a copy of the summary report for $400, please contact Steve Rosenthal, Vice President & Compensation Practice Leader for KnowledgeBank at (703) 448-8070 ext. 15 or srosenthal@knowledgebank.us.com.