| Let’s
say you’d like to find out what salary you can command in today’s
U.S. electrotechnology job market. You can get a rough idea by talking
to colleagues and doing some research online. But wouldn’t you
rather get a more precise picture of your market value?
The IEEE-USA Salary Service offers IEEE members precise estimates of
base pay and primary-source income (bonuses, commissions, and net self-employment
income) for a wide range of technical fields and geographic areas within
the United States. The hallmark of the service is the Web-based IEEE-USA
Salary Calculator, with which you can find out very quickly what you’re
worth in today’s job market. The Salary Service also has online
tools for employers to benchmark technical professionals’ compensation.
Individual IEEE members will find the Salary Calculator invaluable.
It factors in numerous variables in a regression model based upon annual
survey data obtained from more than 15,000 U.S. IEEE members and is
considered the most precise salary estimator ever developed for electrotechnology
professionals.
Gregg L. Vaugh IEEE-USA vice president of Member Activities, who is
chair of the department of electrical and computer engineering at the
University of Alabama at Birmingham, says he often speaks to IEEE student
members and recent graduates to make sure they know about the Salary
Calculator. And he uses the calculator to promote IEEE membership to
nonmembers.
“Young engineers can use the Salary Calculator to estimate what
their salary should be,” Vaughn says. “When they interview
with companies and receive offers, they don’t have a basis for
comparing the salary of the position they’re considering or have
been offered. Sometimes all they know is what they’ve heard from
friends that a company has good pay, but they don’t know what
that means.
“Armed with the salary service, they can analyze an offer to see
how it compares with other salaries in their area of expertise.”
The Salary Calculator also is useful before an annual salary review
and in evaluating a prospective career change or a move to another part
of the country. A good compensation level in one part of the United
States might not be good in an area with a higher cost of living.
“The calculator allows applicants who are considering a move to
different parts of the country to compare offers,” says Vaughn.
“Otherwise, how do you know which one is the best financially?
This service allows you to know. You’re not walking in the dark,
basing your judgment on what your friends might have told you.”
Members may obtain free, unlimited access to the Salary Service for
one year by going to http://salary.ieeeusa.org
or log in using your IEEE Web Account and complete the Salary Survey.
Once the survey is submitted, you may log in again at the same site
to use the Salary Calculator.
FOR EMPLOYERS
By linking powerful relational databases and sophisticated regression
modeling with IEEE-USA Salary Survey data, the service provides employers
with detailed information on ever industry, line of business, job function,
technical specialty, and U.S. location in the technical workforce.
“Employers can use the service to gauge compensation for a large
number of technical employees or for a specific individual,” says
Jean Eason, IEEE-USA vice president of Professional Activities and chair
of the organization’s Employment and Career Services Committee.
“Just as an employee doesn’t want to be underpaid, a manager
or employer needs to know the current market rate for the technical
workforce.”
Employer versions of the Salary Service, which come in standard and
premium packages, also include analytic tools not found on other compensation
products on the market. The premium package has a Satisfaction Analyzer
that helps optimize employee compensation with employee retention. This
allows employers to find out how compensation for positions with specific
characteristics varies according to employees’ job-satisfaction
levels.
The Recruitment Analyzer, also included with the premium package, enables
its users to focus their recruitment efforts in areas of the country
where professionals with the characteristics they seek are most likely
to be found.
For a demonstration of the Salary Service employer version, visit
http://salaryapp.ieeeusa.org/rt/salary_database/about/salaryservice.

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