The findings of the 2011 - 2012 KnowledgeBank Total Compensation Survey of Mid-Atlantic Technology Companies are now available. Conducted annually for the past 21 years, the survey provides a comprehensive summary and analysis of total compensation, benefits and human capital practices data for primarily small- to medium-sized technology companies throughout the Mid-Atlantic region.
The 2011-2012 summary report provides salary data on base salary, cash incentive and total cash compensation for 40 key positions typically found in technology companies. The survey found that the average actual salary adjustments were 2.4 percent in 2011, somewhat lower that the 2010 actual adjustment of 2.8 percent. Survey participants project an average salary adjustment rate of 3.5 percent in 2012.
KnowledgeBank collected data for the survey in September and October 2011 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 percent of the respondents identified themselves as government contractors.
A copy of the summary report is available for purchase at www.knowledgebank.us.com. Included in the report is an article written by Cameron Hamilton, a principal of The McLean Group, who discusses the outlook for the Mid-Atlantic technology sector in 2012. For more information, click here.