Knoxville, TN – June 25, 2010 — Effective Resources, Inc. is conducting its second annual benchmarking survey of salary, wages and benefits offered to Tennessee employers via their secure survey website, SalarySurveyOnline.com.
With clients in virtually all industry groups, Effective Resources saw the need for employers to provide more local details in order to attract and retain workers within Tennessee, rather than use regional or national averages. Effective Resources has been providing annual salary surveys for employers since 1993. The survey provides employers with the information they need to make sound business decisions by comparing themselves to others in their industry, location and size.
“Base pay increases will be non-existent in about 30 percent of Tennessee employers,” explained Barry L. Brown, President. “This tracks pretty closely with national numbers of 30 to 40 percent. Any Tennessee employer evaluating whether they have a competitive benefit and compensation package should be interested in this survey.”
Among the highlights of the last survey:
– The overall average monthly employee turnover rate is 2.3 percent for Tennessee employers, which is quite low as compared to the national average of 3.6 percent as of July 2009.
– The survey showed that about 70 percent of Tennessee employers planned a merit increase for next year. Including all employers (including zero merit increase), the average merit projected for next year is 2.5 percent.
In ongoing efforts to meet the needs of Tennessee employers, SalarySurveyOnline.com surveys 345 benchmarked job positions in 17 industries You can see a complete industry list at http://www.salarysurveyonline.com/FAQ.asp. Online access to local survey results will be available to participants in September 2010 at no charge in exchange for their participation. Participants will also be granted extremely discounted pricing for other survey formats if they opted to purchase any.
Employers interested in participating should use this link to sign up before July 18th, 2010:
An email will be sent between July 19 – July 31 with logins and further information about how to participate in August.
Non-participants may purchase surveys in two online formats (basic or customized market analysis), MS Excel format, PDF, CD ROM, and/or hard-copy prints via http://SalarySurveyOnline.com.
About Effective Resources
Effective Resources, Inc. is a leading human resources consulting firm specializing in providing companies assistance with compensation issues, affirmative action plan preparation, salary surveys, employee opinions surveys and other areas of human resources. Effective Resources, Inc. has been in business since 1992. Visit its website at: http://wwwEffectiveResources.com