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2002 Annual pay and Compensation Report

Pay levels for HR and training and development professionals have changed little over the past year, according to a recent survey conducted annually by Mercer Human Resource Consulting and the Society of Human Resource Management. The report shows that pay levels for most positions in 2002 are within only 2 percent of pay levels from a year ago. Factors blamed for the small pay changes include the tough economy and outsourcing trends. Median total cash compensation for a trainer was US$45,000, 1.1 percent higher than the previous years level. Training managers earned $73,500, 1.8 percent higher. Top corporate organization development executives, the surveys reported highest paid position in the t&d arena, earned $149,100, according to information collected from 1084 companies across the United States. The survey suggests that t&d pay raises will likely be lower than usual in 2003, but raises may slowly return to normal levels as the economy recovers. Things have started to pick up in the last quarter, says Paul Minton, a Dallas-based trainer. Companies are realizing that by not investing in the training needs of employees, the employees may not have the necessary skills to get the job done.

Product Code: 76030144E


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