Salary.com(TM) Reports Moms in U.S. Would Earn $116,805 While Moms in Canada Would Earn $126,593
May 08 2008 - 10:48AM
Business Wire
Salary.com, Inc. (NASDAQ: SLRY), a leading provider of on-demand
compensation and talent management solutions, announced today the
results of its annual Mom Salary Survey. Salary.com has revised the
calculation to reflect the impact of company size on mom�s
compensation. For 2008, Salary.com determined that the time mothers
spend performing the 10 most popular �Mom job functions� would
equate to an annual cash compensation of $116,805 for a
Stay-at-Home Mom and $68,405 for a Working Mom, down from last
years calculations of $138,094 and $85,938. Salary.com leveraged
its new CompAnalyst� global market data to benchmark the mom jobs
in Canada, which would equate to $126,593 for Stay-at-Home Moms and
$74,101 for Working Moms (reported in Canadian dollars). The job
titles that best matched a mom�s definition of her work in both
countries are (in order of hours spent per week): housekeeper, day
care center teacher, cook, laundry machine operator, computer
operator, psychologist, facilities manager, van driver, chief
executive officer and janitor. �This is Salary.com�s eighth year
looking at the value of mom�s work and there�s always a tremendous
amount of interest in why we value the job of mom. Since 2000,
Salary.com has become known as the experts in valuing the jobs
people do. In 2001, we realized we didn�t have one of the most
important jobs of all � the job of mom. Through our mom survey,
we�ve been able to recognize the critical value of what moms do and
educate the public on the different factors that determine the
compensation of a particular job,� said Bill Coleman, senior vice
president at Salary.com, Inc. Since its inception, the Mom Salary
Survey has been enhanced to reflect feedback such as adding salary
ranges for Working Moms, Stay-at-Home Moms and Working Dads. The
survey data has been incorporated into the Mom SalaryWizard�, an
online tool where consumers can personalize the survey data to
reflect their time spent per job in an average week. The Mom
SalaryWizard shows users how factors such as geography and the mix
of various mom jobs can impact compensation and can either increase
or decrease the mom salary from the national median Salary.com
publishes every year. This year, Salary.com adjusted the mom salary
benchmark based on a key factor that affects pay � company size �
and provided a more complete view using total cash compensation for
the mom job. Previously, the survey was based on the national
median base salary for all company sizes. �Smaller organizations
typically pay less. By using data for companies with fewer than 25
employees�offset slightly by the addition of annual bonuses�we saw
a net decrease in U.S mom�s pay of nearly $21K from 2007. We
believe this is a valuable way to help educate the average person
about the factors affecting compensation and how employers
determine pay,� said Coleman. The primary driver of mom�s
six-figure salary, however, remains the amount of overtime worked.
This year, mom�s overtime averaged 54.4 hours per week. According
to the Salary.com survey, Stay-at-Home Moms work a 94.4 hour
�workweek� � over half her time spent on the job is overtime. The
Working Moms reported an average 54.6 hour �mom work week� in
addition to their paying jobs. Salary.com created the Mom Job based
on Certified Compensation Professional�* benchmarking principles to
determine the value of a job. Following these employer-based
principles, it is important to match jobs based on their job
descriptions not just job titles. In Mom�s case, her role is an
example of a hybrid job with 10 different jobs�each with different
salaries�that comprise her job. In the Mom Salary Survey, 18,000
moms quantified their hours worked in each role for a typical week.
Salary.com�s compensation professionals weighted the different
responsibilities of the job to determine mom�s overall total
compensation. *Certified Compensation Professional is a registered
trademark of WorldatWork. About Mom Salary Wizard Moms and their
families can visit http://mom.salary.com and create their own �mom
paycheck� with the Mom Salary Wizard�, the first interactive tool
that allows moms and their families to price the �mom job,� based
on location and mom�s personal hours worked in each of the 10
roles. Users can create a hypothetical mom paycheck and mom pay
stub, which can be printed and emailed to family and friends for
Mother�s Day. For more detailed information on the Stay-at-Home and
Working Mom compensation analysis as well as the Mom SalaryWizard,
log on to http://mom.salary.com. 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�s highly configurable software
applications, proprietary data and consulting services help HR and
compensation professionals automate, streamline and optimize
critical talent management processes including: market pricing,
compensation planning, performance management, competency
management and succession planning. Built with compensation and
competency data at the core, Salary.com solutions provide
businesses of all sizes with the most productive and cost-effective
way to manage and inspire their most important asset � their
people. For more information, visit www.salary.com.
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