SECTION 4
2004 SALARY EXPECTATION
STEP
1
DETERMINE
YOUR LEVEL OF RESPONSIBILITY
Determine your level
of responsibility (see
Section 1) as you will want to make comparisons
which relate to your level.
STEP
2
DETERMINE
YOUR 2003 SALARY RANGE
Consult the salary
survey data reported for your professional group (engineer,
geologist or geophysicist) and the salary survey data reported
for your industry sector in Section
2. This data plus other
salary survey data on engineers, geologists and geophysicists
in Appendix
B will help you to determine your 2003 salary range.
STEP
3
DETERMINE
2003 TO 2004 SALARY ADJUSTMENT
Using the Example
in Section
3 and/or other information available to you, determine
what the estimated increase may be in salary from 2003 to 2004
Use this value to adjust your 2003 salary range in order to
arrive at your 2004 salary range.
For example, the
2003 salary for a level "C" engineer (all industries)
ranges as follows:
| D1 |
Median |
D9 |
| $57,018 |
$69,489 |
$77,300 |
If the 2003-2004
increase in salaries is estimated to be 4.3% as shown in
Example
(page 28), the 2004 salary range for the level "C" engineer
would be:
| D1 |
Median |
D9 |
| $59,470 |
$72,477 |
$80,624 |
STEP 4
2004
SALARY EXPECTATION
Performance
At this step you
turn from evaluating the job to evaluating yourself, and how
well you are performing the job you hold.
Performance
can range from:
(
a) very low
- new in the job, new in the company, with a minimum of directly
related experience so that considerable and fairly close
supervision
is required, to
(b) very high
- five or six years in the job (assuming a "C" Level
of Responsibility) so that you perform quickly (you don't have
to double-check because you've handled that kind of problem
before), you accomplish a great deal, it's accurate and you
need little supervision (people know that you will get the
job
done and that it will be done well).
To illustrate further,
if the level "C" engineer noted in Step
3, has a few
years' experience in the job, brought no or very little directly
relevant experience to the job, has come to the job from outside
the company and is still having trouble arriving at a decision
or makes poor decisions, submits reports that still need to
be checked for accuracy, the level "C" engineer should
expect to be paid in the range of $57,000 to $64,000 (Decile
1 to Quartile 1) per year in 2003.
On the other hand,
if after two years, the level "C" engineer makes good
decisions quickly, presents reports and recommendations that
are normally accepted, starts to see and suggest ways to improve
the work and is generally accepted as a strong member of the
team, the level "C" engineer should expect to be
paid in the range of $74,000 to $77,500 (Quartile 3 to Decile
9)
per year.
Salary
Trends
The APEGGA Survey
collected additional information from employers on anticipated
salary adjustments over the next 12 months:
84% of our 93
respondents estimated salaries will increase by a weighted
average of 3.5%
16% of our 93
respondents estimated salaries will remain stable.
none of our 93
respondents indicated that salaries would decrease.
Other
Considerations
As
such, salaries of an occupational group (determined by a strict
application of the single market approach) are neither efficient
in encouraging a steady inflow of quality persons nor in encouraging
persons already practicing the occupation to continue to practice.
Both of these factors are of concern.
In order to stabilize
salaries, some companies consider changes in the economy and
actual salaries paid to a variety of other occupational groups,
as well as the trends in these.
There are many factors
to consider and only some have been referred to above. However,
using these factors and/or those considered important by your
supervisor or company, you should be able to arrive at a dollar
figure which will equate to the value of professional services
you are providing for your company.
