Most employers “anticipate a less-than-4-percent base pay increase” for the vast majority of their workers in 2007, according to Sibson Consulting. “For someone earning $40,000 a year, a pay hike of 3 to 4 percent works out to as little as $100 per month before taxes, which is not exactly a reason to break out the bubbly,” writes Anne Fisher of Fortune Magazine. Here is more information on four specific areas:
- Senior executive assistants’ pay range in 2007 is expected to rise 6.5 percent
- Senior office managers’ salaries are projected to run 8.2 percent higher than in 2006, reaching $52,000 a year at the high end.
- The salary guide also suggests ways to boost your market value: Add 9 percent to the salaries listed in the guide if you are bilingual, up to 10 percent if you hold a Microsoft Office Specialist certification, and 10 percent if you are a senior assistant supporting a C-level honcho in a large company.
- Salary Guide – Office Administration – www.officeteam.com/portal/site/ot-us
- Windows administration (Server 2000/2003) tops the list of the most wanted skills, according to a Robert Half survey of 1,400 chief information officers, with 79 percent of CIOs.
- Network administration (Cisco, Nortel, Novell) at 76 percent (most wanted skills).
- Database management (Oracle, SQL Server, DB2) comes third at 69 percent (most wanted skills).
- 57 percent of CIOs say they’re looking to hire people skilled in wireless network management and firewall administration.
- 41 percent of these employers said they are more interested than ever before in hiring techies with “knowledge of business fundamentals, such as accounting, finance and general operations.” The IT salary guide shows that pay for experts in applications development, systems integration, and database administration has been climbing over the past couple of years, and in 2007 will rise well into six figures.
- Salary Guide – IT – www.roberthalftechnology.com/portal/site/rht-us
- First-year legal associates’ pay up 6.2 percent at big firms and 7.9 percent at midsized ones.
- Office managers at law firms will make 6.3 percent more than in 2006.
- A senior paralegal, meaning one with at least 7 years’ experience, will pull down 7.6 percent more in 2007, earning as much as $78,250. A midlevel paralegal (4-6 years’ experience) at a small law firm can expect a 7 percent bump, to somewhere between $40,500 and $55,500.
- Salary Guide – Legal – www.roberthalflegal.com/portal/site/af-us
Accounting and finance:
- Sarbanes-Oxley and a plethora of related new rules and regulations have pushed companies to increase their finance staffs by 68 percent since 2002, according to one study.
- At large companies, average pay for chief compliance officers will jump 14.4 percent in 2007, to as much as $181,250, while compliance officers at midsize firms can expect to make 9.2 percent more than last year, or up to $97,750.
- Salary Guide – Accounting – www.roberthalf.com
How big will your raise be in 2007? [Fortune Magazine – Anne Fisher]