The 2004 National Compensation Survey
will be published by the U.S. Department of Labor,
Bureau of Labor Statistics in the August 2005 timeframe.
How productive is your business? Employment costs are the largest expense for most organizations. (The average salary including benefits for a blue collar worker is $42,464 - $55,237 for a white collar worker.) Using your manpower effectively is a major factor in your business success.
The U.S. work force's percentage of white collar (knowledge workers) is now at 65%, averaging a 13% compensation cost increase over each of the past ten years. More significantly, it is difficult to define and measure productivity for knowledge work. Blue collar worker productivity can be defined and measured in terms of quantity of output, but how do you gauge the productivity of a service engineer, marketing specialist, field salesman or manager? For an organization to move forward, we must have the ability to accurately measure knowledge workers' achievements.