HR's Elite: The Class of '10
After two years of tough sledding, the economy started to show signs of life again in 2010 -- and the same could be said for the paychecks of an elite group of chief HR officers.
In 2010, the 50 highest-paid HR executives included on the corporate filings of Russell 3000 companies pulled in a median annual compensation package of $2,029,864 -- or about 37 percent more than the prior year. In contrast, this elite group earned a median compensation package of $1,483,645 in 2009, which was about 21 percent less than they received in 2008.
"Going into this year, pay was expected to be up, but I think many people are surprised by how much," says Aaron Boyd, a researcher with Equilar, a Redwood Shores, Calif.-based research firm specializing in executive compensation.
"Much of the changes can be attributed to the unique economic climate over the last several years. After a couple of very lean years for companies, they saw their earnings and their stock prices rebound in 2010."
Equilar has been compiling the HR's Elite list exclusively for HRE since 2003.
Interestingly, from a percentage standpoint, the HR leaders on the latest list did better last year than their CEOs, whose median compensation experienced a 33-percent increase over that same period, climbing from $5,550,612 in 2009 to $7,386,177 in 2010.
In line with this, the pay gap between HR executives and their CEOs narrowed slightly last year, with the HR executives' pay as a percentage of CEO pay rising by 2 percent -- from 25 percent to 27 percent.
In 2010, Ann L. McDaniel, senior vice president of HR for the Washington Post Co., exceeded her CEO's compensation by the most, earning about five times what her CEO pulled in (522 percent).
On the other end of the spectrum, Denise White, executive vice president of HR and administration for Viacom, earned just 6 percent of what her CEO brought home.
Both McDaniel and White earned these same distinctions in 2009.
Sales Per Employee At Gap Inc - News
Using this measure, Jennifer Evans Stacey, executive vice president of HR, general counsel and secretary for Auxilium Pharmaceuticals Inc., earned more than anyone else, pulling in $1776 per employee (compared to $2357 in 2009).
Gap Inc. reported a 19 percent decline in second-quarter profit as price increases failed to keep up with higher costs to make clothes. Net income fell to $189 million (35 cents per share) from $234 million (36 cents) a year earlier, the San Francisco
Waukesha-based Generac Holdings Inc. reported second quarter net income of $15.3 million, or 23 cents per share, which was up from $12.8 million, or 19 cents per share, in the same period a year ago. Total net sales increased year-over-year by 14.9
Revenue estimates for fiscal 2010 were revised downward repeatedly over the course of the year, primarily reflecting reduced expectations for the personal income tax. Despite gap-closing measures taken, fiscal 2010 ended with a deficit of $1.65 billion
Mr. Tomlinson, now 25, said he would have had to pay more than $20000 per year, for four years, for that school's bachelor's degree program. On Mr. Tomlinson's $8-per-hour salary as a part-time sales associate at the Gap, "it just didn't seem
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Are the combined human resources at FINOVA CAPITAL CORP. productive? There is no absolute answer to this question. This report considers the extent to which the company's labor deployment indicators differ from global benchmarks. In this report we consider forecasts of differences between labor ratios and the resulting return on this human investment compared to global benchmarks; the estimation of such differences is commonly called a "gap analysis." What is the ratio of short-term and long-term assets to employee? What are typical capital-labor ratios? How different are these ratios to companies serving the same link in the value chain? What are the average sales and net profits per employee compared to global benchmarks? These and over 50 other indicators of labor productivity are considered in this report. The report does so by going beyond traditional analyses by considering companies competing in the same or similar industrial classification at a global level. The goal of this report, therefore, is to assist consultants, human resource managers, strategic planners, and corporate officers in gauging estimates of a company's human resource indicators compared to firms competing or participating in the same economic sector, at the global level. This report is not about whether a particular company or industry has performed well or poorly in the past or will do so in the future.Sales Per Employee At Gap Inc - Bookshelf
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