WALTHAM, Mass., March 5 /PRNewswire-FirstCall/ -- Salary.com, Inc. , a leading provider of on-demand compensation and talent management solutions, today announced that its 2008 Six Sigma Compensation Survey is now available for employers' participation. For the third year in a row, Salary.com will provide valuable information on compensation and organizational practices for companies with Six Sigma quality initiatives.
Six Sigma is the data-driven, problem-solving approach that emphasizes efficiency, productivity, profitability, and quality. Made popular in the 1990s, the Six Sigma strategy continues to be implemented by many major companies today. Employers that have adopted Six Sigma initiatives hire and train certified Six Sigma employees to manage this critical quality initiative. These roles and programs vary from business to business, so it is vital that organizations have accurate data in order to make important compensation and practice decisions.
Salary.com's past surveys of Six Sigma pay and practices reported some interesting findings related to the key quality-related jobs of 182 employers:
-- The most highly leveraged position in 2007 was the Top Six Sigma
Executive, earning a median short-term incentive of 35% of base salary;
by contrast, the least leveraged job was the Green Belt in
Manufacturing/Engineering, with a median short-term incentive of just
below 9% of base pay.
-- Organizations in the Finance and Insurance, and Manufacturing
industries typically compensated above market medians while
organizations in the Health Care and Social Assistance industry had pay
levels lower than market median.
-- Organizations rarely recruit Six Sigma professionals exclusively from
outside their organizations -- depending on the position, 82% - 95%
look both internally and externally to fill Six Sigma roles.
-- Almost half (49%) of the organizations offer a rotational Black Belt
program. These programs last an average of 24 months.
The 2008 Six Sigma Compensation Survey will collect and report data by organization industry, size, location, and ownership type. The seven specific Six Sigma functions will be further broken down by job level -- Management, Professional, and Non-Exempt. For more information and participation requirements for the 2008 Salary.com Six Sigma Compensation Survey please visit: http://sixsigma.salary.com/.
About Six Sigma
Six Sigma is a rigorous and disciplined methodology that uses data and statistical analyses to measure and improve an organization's operational performance, practices, and systems. To achieve Six Sigma, a process must produce a failure rate of not more than 3.4 defects per million.
About Salary.com, Inc.
Salary.com is a leading provider of on-demand compensation and talent management solutions helping businesses and individuals manage pay and performance. Salary.com provides companies of all sizes comprehensive on-demand software applications that are tightly integrated with its own proprietary compensation data sets, thereby automating the essential elements of the compensation management process and significantly improving the effectiveness of its clients' compensation spend. For more information, visit http://www.salary.com/.
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Salary.com, Inc.
