Compensation Trends...Compensation Trends within the Energy Sector XBIG6COM, LLC May 2016 Prepared...
Transcript of Compensation Trends...Compensation Trends within the Energy Sector XBIG6COM, LLC May 2016 Prepared...
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Compensation Trends within the Energy Sector
XBIG6COM, LLC
May 2016
Prepared for:
AGA/EEI Spring Accounting Conference
New Orleans, Louisiana
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April 2016: Unemployment Rate is 5.0% (published) or 7.5% (including those “dropped out”) - depending on the denominator used.
Big Picture
* Xbig6 Compiled. DOL Public Statistics.
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ADM_10 Clerical
Administrative
ADM_20 Knowledge
Workers
ADM_30 Management &
Professional
ADM_40 Executive
Leaders
SUP_10 General Labor
SUP_20 Skilled Support
& Supervisors
SUP_30 Support
Managers
SUP_40 Support
Leadership
OPS_10 Oilfield Labor
General Labor
OPS_20 Skilled Labor
Supervisors
OPS_30 Operations
Managers
OPS_40 Operations
Leadership
Operations
Path
Ops Support
Path
Administrative
Path
General Labor
Clerical &
Entry Level
Skilled Labor
Skilled Support
& Knowledge
Workers
Managers
& Professional
Staff
Upper
Management &
Executive
Big Picture
Day Week Month/Qtr Qtr/Annual
Task
Completion Smart
Goal
Business
Outcome
Financial
Result
5 6 7 8 9 10 11 12 13 14 * Xbig6
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hardship
transportation allowance
contributions
housing allowance
spot bonus
defined benefit (?)
flex schedule
team incentive
sign-on bonus
double overtime
Benefits and trends
Big Picture
* Glassdoor
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Pay and Benefits
• Salary increases 2.9% (average) 4.5% (top performers)
• Increased healthcare costs (4.5%) mostly to the employee
• Wellness seminars (health and financial).
The Work Itself
• Flexible work arrangements
Telecommuting
Staggering work hours
• Less emphasized formal reviews in favor of frequent informal reviews
Recruiting Talent
• Increased interest in boomerangs
• In-person and virtual alumni events
• Social media (profiles) increasingly used to find candidates.
• More lucrative employee referral programs ($100 to $500)
Big Picture
* Mercer
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Entry Level
Clerical
Some College
Early
Professional
Experienced
Staff
Professional
Staff
Supervisory
Management
Advanced
Degrees
Exec
5 6 7 8 9 10 11 12 13 14
$45k
$90k
$135k
$180k CPA
MBA
20 yrs
DFW
TDSP
6 Staff
DOL
Levels
Generalized / Avg FIN-Act Pay
4 year trend
* DOL Public Statistics
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Hypothetical Experienced CPA
CPA
MBA
20 yrs
DFW
TDSP
6 Staff
• $87,500 base
• $5,000 bonus
• Medical, Dental
• 3 weeks vacation
• 401k matching
* Payscale.com (Glassdoor, DOL)
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Hypothetical Experienced CPA
CPA
MBA
20 yrs
DFW
TDSP
6 Staff
* Payscale.com
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CPA
MBA
20 yrs
DFW
TDSP
6 Staff
Hypothetical Experienced CPA
* Payscale.com
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CPA
MBA
20 yrs
DFW
TDSP
6 Staff
Hypothetical Experienced CPA
* Payscale.com
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CPA
MBA
20 yrs
DFW
TDSP
6 Staff
Hypothetical Experienced CPA
* Payscale.com
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CPA
MBA
20 yrs
DFW
TDSP
6 Staff
Hypothetical Experienced CPA
* Payscale.com
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CPA
MBA
20 yrs
DFW
TDSP
6 Staff
Hypothetical Experienced CPA
* Payscale.com
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CPA
MBA
20 yrs
DFW
TDSP
6 Staff
Hypothetical Experienced CPA
* Payscale.com