Total Compensation Survey of Mid-Atlantic Technology Companies
The 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, 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.
2011-2012 Total Compensation Survey of Mid-Atlantic Technology Companies Now Available for Purchase
The 2011-2012 Total Compensation Survey of Mid-Atlantic Technology Companies has been completed. Thank you to everyone who participated. Participating companies have been sent their survey report, which is available for purchase by non-participating companies for $400; click here for the Survey Order Form.
The survey provides summaries and analysis of total rewards data collected from companies throughout the region, and provides salary and incentive bonus data for 40 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, annual 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 40 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
- TechQuest Pennsylvania
- Hampton Roads (VA) Technology Council
- NOVA SHRM
- Active Angel Investors
- Pennsylvania Bio
- Maryland Biotechnology Center
- Charlottesville Business Innovation Council
- West Virginia High Technology Consortium
- Small & Emerging Contractors Advisory Forum
- Southern Piedmont Technology Council
- Washington Area Compensation and Benefits Association
- Dulles SHRM
- Leesburg-Greater Loudoun SHRM
- Albemarle-Charlottesville Human Resource Association
Summary of Key Findings from 2011 – 2012 Survey
The 2011-2012 survey collected data from 88 firms with total employment of 37,877 and incumbent pay data for 4,156 employees. The survey respondent median revenue was $7.8 million and the median staff size was 49 employees. More than two-thirds of responding companies had annual revenue less than $20 million, and 38% of the respondents identified themselves as government contractors.
In 2011, average actual salary adjustments were 2.4%, somewhat lower than the 2010 actual adjustment of 2.8%, but still significantly below the traditional 4.2% granted in years 2008 and prior. The 2.4% actual in 2011 was much lower than the original projection of 3.1% for 2011, which was reported in last year's survey. For 2012, survey participants are projecting an average salary adjustment rate of 3.15%. While 2012 projections indicate an increase, the actual salary adjustments reported by participating companies has been lower than the their projected salary adjustments in each of the last 3 years.
If you have any questions about the survey, please contact Steve Rosenthal, KnowledgeBank’s Vice President and Compensation Practice Leader at (703) 448-8070 ext. 15, or via email at srosenthal@knowledgebank.us.com.