E-PAY New surveys focus on US internet industry Internet companies across the Atlantic are now employing more creative executive compensation packages, but there are some signs that hiring and retention bonuses are less in vogue than a year ago. These are some of the key findings to emerge from two recent studies of the industry by Buck Consultants and PricewaterhouseCoopers. Survey 1: Unifi Network — a division of PricewaterhouseCoopers LLP
Survey 2: Buck Consultants
While web site employees’ total cash compensation has increased by between 6% and 8% since 2000, added incentives, including signing bonuses, have decreased in popularity. The paychecks are getting bigger for these employees, but the bells and whistles are slowly evaporating from their total compensation package, said Paul Gavejian, Buck's principal and compensation consultant. Alternative pay structures, such as stock options and project completion bonuses, are less in vogue than they were just one year ago. So while web site employees are bringing home more cash each week, they generally have fewer ‘ extras’ to look forward to. Alternative pay strategies . . .
Want to know more? Survey 1: Unifi Network Title: Internet Compensation Survey: 2001, by Unifi Network, a subsidiary of PricewaterhouseCoopers LLP. Survey sample: The analysis is based on information from 98 public internet companies in the US. Availability: For additional information contact Ted Barna, Unifi Network, tel: 001 201 530 2021 or email: theodore.barna@unifi.com. Read the press release online at . . . www.pwcglobal.com/extweb/ncpressrelease.nsf/DocID/046310674630A8AA85256A930062F15E Unifi Network, is a division of PricewaterhouseCoopers . . .
Survey 2: Buck Consultants Title: Web Site Compensation Survey, Buck Consultants. Availability: Contact the compensation survey department, Buck Consultants, 500 Plaza Drive, Secaucus, New Jersey 07096-1533, USA, tel: 001 201 902 2555, or email: egadowski@buckconsultants.com. Survey sample: The 2001 survey examined compensation practices of 245 employers from nine industries. The study reports on salaries of 45 web site-related positions, up from 42 a year ago. Read the press release online at . . . www.buckconsultants.com/news/news01.asp?CF=1& ID=261 For more information about Buck visit . . . Posted 24 August 2001 |