Summer 2007

Closing the Gender Gap Stagnant Since the Mid 90's

During the 80’s women at all economic levels gained ground in pay on their male counterparts. Largely without notice, one group has surprisingly stopped making progress: those with a four-year college degree. The gap between their pay and that of their male peers has widened slightly from the 90’s – a reversal in direction. Last year, college-educated women between 36 and 45 years old earned 74.7 cents in hourly pay for every dollar that men in the same group did according to labor data analyzed by the Economic Policy Institute. A decade earlier, women earned 75.7 cents. Reasons are complicated and appear to include both discrimination and women’s own choices. Source: The Dallas Morning News (picked up from the New York Times)

December 2006

Talent Shortage

Thirty-eight percent of employers in the United States say that talent shortages are causing them to offer higher compensation for professional positions, according to a survey by Manpower, Inc. Employers in the South (42 percent) and West (40 percent) were more likely to say that talent shortages are causing them to offer higher compensation for professional positions, compared with employers in the Northeast (34 percent) and Midwest (33 percent). Forty-five percent of employers said they would have hired more permanent professional staff in the past six months if quality candidates were available.

September 2006

Compensation Growth

Base Compensation continues to show slow year-over-year increases in the 2.5-3.0% range. Compensation Budgets look to be only slightly up this year with an average reporting of the major survey houses at 3.6%.
Physician Compensation shows signs of increasing, but so does production/patient volume, and at rates nearly double the compensation rate.

August 2006

PTO (Personal Time Off)

According to a recent survey, 53% of firms either have or are planning some level of PTO plans.

July 2006

Overtime Rules

A Federal Court has ruled that employee's failure to report overtime within the established policy/procedures of the organization estopps overtime claim in court.

July 2006

Summer Break – July 4th is Coming! 

In December 2005, the Society for Human Resources Management (SHRM) took a member poll asking the question: Independence Day falls on a Tuesday in 2006. What paid days off will your company provide? The vast majority of companies will provide holiday pay for only Tuesday, July 4th, but a number of companies will provide holiday pay for both Monday, July 3rd and Tuesday, July 4th.

May 2006

Hiring Plans for 2006

In a January 2006 SHRM online survey of 485 HR professionals, 66% said that they were going to creat and hire for new positions.*

40% will maintain their current workforce. Only 13% will either impose layoffs or enact a hiring freeze.  Hiring continues to be strong. 

*Percentage will not add to 100% as multiple responses were allowed.

April 2006

Millbrook Partners' Biopharmaceutical Client List Continues to Grow!

Millbrook Partners’ list of client companies in the biopharmaceutical marketplace has nearly doubled over the last year. In fact, nine of the top ten Biotech Companies (measured by revenue) are either sponsors of and/or participants in custom compensation surveys completed by Millbrook Partners.

Millbrook Partners, with its strong expertise in biopharmaceutical cash and equity compensation, has provided tailored rewards strategies and programs for all organizational levels from Laboratory and Research Assistants through senior management and Boards of Directors.  

March 2006

Talent Management