KnowledgeBank, Inc., a management consulting company that specializes in
human capital, organizational effectiveness and learning solutions, has
opened data collection for its 20th annual Total
Compensation Survey of Mid-Atlantic Technology Companies. The
survey provides the most comprehensive information regarding competitive
market-based salary and incentive data, salary adjustments, cash and
equity incentive plans for executives and technical professionals, and
trends in human resource practices and employee benefit plans.
“Early
indicators show more companies plan on increasing their salary budgets
for the upcoming year, although they are expected to remain at
relatively lower levels than in the previous decade. The challenge to
recruit and retain talent in this environment remains high.”
Technology firms are invited to participate by completing the survey
questionnaire no later than October 1st, 2010. The data input
form is located at www.knowledgebank.us.com;
respondents can download the survey and return the completed form to surveysubmission@knowledgebank.us.com.
Participating companies receive a free copy of the summary results in
November. Non-participants may purchase the results for $400.
The survey is dedicated to serving the needs of technology firms
throughout the Mid-Atlantic region, with a particular focus on
small-to-medium size companies. The survey provides competitive salary
and incentive bonus rates for 40 benchmark jobs, ranging from the Chief
Executive Officer to Programmer Analyst, Senior Software Developer,
Network Engineer, and Tech Support Specialist.
We expect to see substantial growth in the number of participating
companies this year as the economy shows signs of improvement and more
organizations will want the essential compensation, benefits and HR
practices information that our survey provides, said Steve Rosenthal,
Vice President & Compensation Practice Leader for KnowledgeBank. Early
indicators show more companies plan on increasing their salary budgets
for the upcoming year, although they are expected to remain at
relatively lower levels than in the previous decade. The challenge to
recruit and retain talent in this environment remains high.
The survey is co-sponsored by the following regional technology councils
and other membership-based organizations that serve technology firms
throughout the Mid-Atlantic region. The co-sponsors include:

Northern Virginia Technology Council
Business Alliance for Innovation & Entrepreneurship
Eastern (PA) Technology Council
West Virginia High Technology Consortium
New Jersey Technology Council
Small and Emerging Contractors Forum
RichTech
Pennsylvania Bio
Technology Council of Central PA
Southern Piedmont Technology Council
Hampton Roads (VA) Technology Council
Washington Area Compensation and Benefits Association
NOVA SHRM
Dulles SHRM
Active Angel Investors
Greater Baltimore Technology Council
Tech Council of Maryland
Leesburg Greater Loudoun SHRM
Charlottesville Business Innovation Council
Albemarle-Charlottesville Human Resource Association

Key Findings from the 2009 - 2010 Survey and Looking Ahead
The 2009 2010 survey collected data from100 firms with total
employment of 51,076 and incumbent pay data for 6,905 employees. The
survey respondent median revenue was $7.2 million and the median staff
size was 41 employees. Nearly three-fourths of responding companies had
annual revenue less than $20 million. Average actual salary adjustments
were 2.4%, with 2010 projected average salary adjustments of 3.2%.
Almost half of all participants self-identified as government
contractors.
For the 2010 2011 survey, we have added five (5) new benchmark jobs
and several questions related to compensation & HR practices. The
foreword to the summary report will be written by John May, managing
partner of New Vantage Group, which has launched five angel investing
organizations in the Washington, DC region since 1999, placing funds
into more than 50 early stage companies. New Vantage Group innovatively
mobilizes private equity into early-stage companies and provides
advisory services to both funds and private investors. Johns experience
in private equity capital over the last 15 years ranges from VC fund
management to angel investing.
About KnowledgeBank
KnowledgeBanks Compensation Practice serves a diverse range of clients
in the commercial, nonprofit and government sectors, including
technology, professional services firms, government contracting,
software, finance, healthcare, real estate, retail, law, life sciences,
manufacturing and construction.
KnowledgeBank is a leading provider of human capital, organizational
effectiveness and learning solutions to organizations in the government,
commercial and nonprofit sectors. Our clients include large Federal
agencies, state and local governments, Fortune 500 firms and small and
emerging companies. We specialize in services that cover the entire
spectrum of human capital management and organizational effectiveness to
include compensation and rewards systems, benefit program design and
analysis, recruitment and selection, performance management, strategic
planning, organizational and personnel assessment, change management and
transformation, human resource (HR) management, training and employee
development, executive and career coaching and mentoring, leadership
development, workforce planning and survey design and administration.
KnowledgeBank was selected by Inc. magazine to its list of
fastest growing companies in America in 2007 and 2008, and has been
recognized by Washington SmartCEO Magazine as one of the fastest growing
companies in the Greater Washington region from 2007 2009. In 2008,
the United States Department of Agricultures Farm Service Agency
honored KnowledgeBank with its Small Business Contractor of the Year
Award.
Editors note: For more information about
KnowledgeBank, Inc. please visit www.knowledgebank.us.com.

Source: Business Wire