| Upper Saddle River, N.J. – August 1, 2006 - | | | | * Publicly-traded and privately-held companies |
| Compensation Resources, Inc. has released the results | | | | consistently provided higher base salaries, annual |
| of its 2006 College Graduate Salary Survey. The | | | | bonus/incentives, and signing bonus/incentives as |
| purpose of this study was to obtain compensation | | | | compared to not-for-profit organizations. |
| data and information on recruiting and hiring trends for | | | | * The majority of responding companies indicated that |
| recent and new college graduates. Data was collected | | | | turnover rates for recent college graduates was 15% |
| in June 2006, and was compiled from survey | | | | or less. |
| questions that were developed by CRI and distributed | | | | * Throughout 2005 and 2006, the most frequently |
| to companies in over 12 industrial classifications, | | | | stated functional areas in which companies expected |
| representing publicly-traded, privately-held, and | | | | to hire the most college graduates include the following: |
| not-for-profit organizations. Results indicated that in | | | | Accounting, Actuarial, Engineering, Information |
| 2006, the average base salary is 10% higher than it | | | | Technology, Marketing, Product Development, and |
| was in 2005. | | | | Sales. |