Salary.com(TM) Launches 2008 Six Sigma Compensation Survey
March 05 2008 - 9:09AM
PR Newswire (US)
Offers the Most Comprehensive Annual Compensation Data & Trends
Report for Positions within Popular Quality Improvement Job
Category WALTHAM, Mass., March 5 /PRNewswire-FirstCall/ --
Salary.com, Inc. (NASDAQ:SLRY), a leading provider of on-demand
compensation and talent management solutions, today announced that
its 2008 Six Sigma Compensation Survey is now available for
employers' participation. For the third year in a row, Salary.com
will provide valuable information on compensation and
organizational practices for companies with Six Sigma quality
initiatives. Six Sigma is the data-driven, problem-solving approach
that emphasizes efficiency, productivity, profitability, and
quality. Made popular in the 1990s, the Six Sigma strategy
continues to be implemented by many major companies today.
Employers that have adopted Six Sigma initiatives hire and train
certified Six Sigma employees to manage this critical quality
initiative. These roles and programs vary from business to
business, so it is vital that organizations have accurate data in
order to make important compensation and practice decisions.
Salary.com's past surveys of Six Sigma pay and practices reported
some interesting findings related to the key quality-related jobs
of 182 employers: -- The most highly leveraged position in 2007 was
the Top Six Sigma Executive, earning a median short-term incentive
of 35% of base salary; by contrast, the least leveraged job was the
Green Belt in Manufacturing/Engineering, with a median short-term
incentive of just below 9% of base pay. -- Organizations in the
Finance and Insurance, and Manufacturing industries typically
compensated above market medians while organizations in the Health
Care and Social Assistance industry had pay levels lower than
market median. -- Organizations rarely recruit Six Sigma
professionals exclusively from outside their organizations --
depending on the position, 82% - 95% look both internally and
externally to fill Six Sigma roles. -- Almost half (49%) of the
organizations offer a rotational Black Belt program. These programs
last an average of 24 months. The 2008 Six Sigma Compensation
Survey will collect and report data by organization industry, size,
location, and ownership type. The seven specific Six Sigma
functions will be further broken down by job level -- Management,
Professional, and Non-Exempt. For more information and
participation requirements for the 2008 Salary.com Six Sigma
Compensation Survey please visit: http://sixsigma.salary.com/.
About Six Sigma Six Sigma is a rigorous and disciplined methodology
that uses data and statistical analyses to measure and improve an
organization's operational performance, practices, and systems. To
achieve Six Sigma, a process must produce a failure rate of not
more than 3.4 defects per million. About Salary.com, Inc.
Salary.com is a leading provider of on-demand compensation and
talent management solutions helping businesses and individuals
manage pay and performance. Salary.com provides companies of all
sizes comprehensive on-demand software applications that are
tightly integrated with its own proprietary compensation data sets,
thereby automating the essential elements of the compensation
management process and significantly improving the effectiveness of
its clients' compensation spend. For more information, visit
http://www.salary.com/. (SLRY-F) DATASOURCE: Salary.com, Inc.
CONTACT: Karen Peabody of Salary.com, +1-781-464-7544, ; or Bill
Keeler of Schwartz Communications, +1-781-684-0770, , for
Salary.com Web site: http://www.salary.com/
http://sixsigma.salary.com/
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