The findings of the 2012 - 2013 KnowledgeBank Total Compensation Survey of Mid-Atlantic Technology Companies are now available. Conducted annually for the past 22 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 2012-2013 summary report provides salary data on base salary, cash incentive and total cash compensation for 44 key positions typically found in technology companies. The survey found that average actual salary adjustments were 3.2 percent in 2012, higher than the 2011 actual adjustment of 2.4 percent. Survey participants project an average salary adjustment rate of 3.0 percent in 2013.
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 of less than $20 million, and 37 percent of the respondents identified themselves as government contractors.
A copy of the summary report is available for purchase at www.knowledgebank.us.com.