BAJobs.com, a San Francisco Bay Area site for employers and job seekers,
continues to grow by aligning themselves with industry
leading Bay Area Biotechnology and Life Science employers to attract the Bay Area's top talented job seekers.
Many of the Bay Area's largest biopharmaceutical companies that develop and commercialize innovative
therapeutics along with neuroscience-based biotechnology companies are developing new recruitment
campaigns with BAJobs.com and are posting their specialized new job openings on the BAJobs.com
website.
Kenexa®, provider of talent acquisition and retention solutions, announced that it has founded the
Kenexa Research Institute. Leveraging the company's recent acquisition of Gantz Wiley Research, a
pioneer in the survey research industry, as well as Kenexa's own proprietary employee research, the
Institute will focus on advancing the science of employee research and help drive Kenexa's product
development. Jack W. Wiley, Ph.D., former President and CEO of Gantz Wiley Research, has been named as
Executive Director of the Institute.
PeopleFilter® Technology, developers of the PeopleFilter applicant tracking system, announced its
relationship with Frisco, Texas-based HRchitect, a premier human capital management
consulting firm. HRchitect is also the acknowledged leader in applicant tracking systems consulting
and implementation services.
TopUSAjobs.com has surpassed 1,000,000 job listings
from a consortium of specialty job boards.
GettingHired, provider of advanced screening and matching capabilities for employers and job seekers,
announced that they have signed an agreement with Saint Peter's College, The Jesuit College of New Jersey,
located in Jersey City. This agreement provides Saint Peter's College with GettingHired's proprietary video
job recruiting tools and job portal services to better prepare its students for the job market.
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Deep Release: Executive Cash Bonus Levels Increase 58%, Says New ERI/CareerJournal.com Executive Compensation Index
REDMOND, Wash. & NEW YORK--(BUSINESS WIRE)--Aug. 22, 2006--The highest-paid executives in America had a 58.8% increase in their average annual cash bonus and were paid 38.21% more total cash compensation according the August 2006 Executive Compensation Index figures released by the Economic Research Institute and CareerJournal.com, The Wall Street Journal's executive career guide. The figures are based on year-to-date reporting for 2006 as compared to compensation levels reported year-to-date in 2005 for the same period. The average annual cash bonus was $3,773,715, compared to third period year 2005 cash bonus levels of $2,375,615.
The Total Cash Compensation Index reflects data from a randomly selected group of 45 publicly traded companies among the 6,500 that report compensation data to the Securities and Exchange Commission (SEC). (Companies have varying monthly SEC reporting dates.)
The August 2006 Index indicates that while base salaries decreased slightly, bonuses were up sharply resulting in an average total cash compensation per executive of $5,049,623. The previous yearly high of $3,683,131 total cash compensation was set in 2001 prior to 9/11.
Base Salaries
For the highest-paid executives, the average base salary stands at $1,275,908, compared to 2005 base salary levels of $1,277,944. This reflects a 0.16% decrease in base salaries.
Total Cash Compensation
For the highest-paid executives, the average total cash compensation (base salary + bonus) is $5,049,623, compared to year 2005 total cash compensation of $3,653,559. This reflects a 38.2% increase in total cash compensation over 2005 levels.
Total Cash Compensation Change Since 1997
The August 2006 Executive Compensation Index stands at 212.6 compared to the 1997 index level of 100.0. Since 1997, the index of average total cash compensation has increased 112.6%.
Revenue Change Since 1997
The average index of corporate revenue is 212.5, compared to 100.0 for the base index year of 1997. Since 1997, the average index of corporate revenue has increased 112.5%.
Comparing the changes in the index of corporate revenue to that of total cash compensation for the highest-paid executives, revenue has increased at almost the exact same pace as total cash compensation (112.5% vs. 112.6% since 1997).
About CareerJournal.com CareerJournal.com is The Wall Street Journal's award-winning career site targeted to executives, managers and professionals.
About ERI
ERI is a leader in compensation information, providing salary survey and cost-of-living research reports and software used by 10,000 subscribers to set pay for over 10 million employees worldwide. With databases containing 20 years of collected information, ERI offers pay analyses for the United States, Canada, the United Kingdom and other countries throughout Europe. Its industry-leading Executive Compensation Assessor(R) software reports consensus executive cash compensation based on information from private surveys, as well as publicly reported data from 6,500 US, 1,150 Canadian, and 1,240 UK and EU publicly traded organizations; while its nonprofit executive pay software covers 156,000 tax-exempt organizations.
Survey Says:
LABOR DEPARTMENT UNDERCOUNTS POOR, UNINSURED, AND THE NON-EMPLOYED Study Concludes Measurement Problems Getting Worse over Time
Washington, D.C.: An analysis of the nation's most important labor-market survey concludes that official estimates of the number of Americans living in poverty and without health insurance may significantly underestimate the true number of poor and uninsured. According to the study, conducted by the Center for Economic and Policy Research (CEPR), the measurement problems with the Current Population Survey (CPS) have been growing, making it difficult to assess changes in economic well being over time.
"The share of Americans covered by the country's most important survey of labor-market conditions has been declining over time," said John Schmitt, Senior Economist at CEPR and a co-author of this report. "The group that is falling out of the survey is economically marginalized, less likely to have a job, less likely to have health-insurance, and more likely to be poor."
Among the study's main findings:
The CPS appeared to miss about 1.4 percent of the adult population, or over 2.5 million non-working adults. The size and the increase over time in the bias in the CPS are largest for black men. The CPS overstated black male employment by about 2.5 percentage points in 1986, rising to 3.0 percentage points in 2000, and reaching 3.5 percentage points in 2005.
Since the undercounting has become more severe in the CPS in recent years, estimates of employment rates from the CPS are biased and the bias is growing over time. For all adults, the CPS overstated employment by about 1.1 percentage points in 1986, growing to 1.3 - 1.4 percentage points in 2000, and about 1.7 percentage points by 2005.
In 2005, the official national estimate of poverty, which is taken from the CPS, underestimated the actual number of adults and children in poverty by about 600,000 people (about 0.2 percentage points).
The official national estimates of the population lacking health insurance coverage in 2004 underestimated the number of adults and children without health insurance by about 350,000 people (about 0.1 percentage points).
The impact on poverty estimates for blacks and Hispanics are proportionately much greater. In 2000, the CPS underreported the poverty rate for blacks by 0.5 - 0.7 percentage points and for Hispanics by about 0.4 percentage points.
The full paper is available at http://www.cepr.net/publications/cps_declining_coverage_2006_08.pdf.
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