Chemical Processing - April 2008 - (Page 22)

20 Salary 08 Survey Historical perspective Chemical Processing’s Job Satisfaction and Salary Survey is now in its fourth year. If you’d like a more detailed look at our past surveys, go to www.ChemicalProcessing. com or use one of these conveniently listed links: 2007 2006 2005 2007 — www.ChemicalProcessing.com/articles/2007/055.html 2006 — www.ChemicalProcessing.com/articles/2006/049.html 2005 — www.ChemicalProcessing.com/articles/2005/431.html In the four years we’ve run the annual online survey, the average salaries reported have steadily climbed from $85,234 in 2005 to $95,231 this year (Table 1). Average pay increases were 3% in 2005 and are now 5.06%. The average bonus received has risen from $4,534 in 2005 to $6,561 today. This year’s overall results reflected general contentment. Survey results were collected from a link listed in the print edition of Chemical Processing, on the www.ChemicalProcessing.com Web site, e-newsletters and e-mail blasts sent to readers. A couple of comments provided by respondents reflect the overall tone of the survey results: “Chemical engineering is a flexible, useful profession with good compensation and many opportunities to do different things and move into related fields (including management). No job is worth having if you can’t enjoy most of it. There is no good job that you will enjoy every aspect of. That’s why they pay us,” says one. “Chemical engineering is a great field. It prepares you for many different challenging opportunities. I believe that our biggest challenge in the future is to stop using petroleum for travel so that 22 • April 2008 100,000 80,000 60,000 40,000 20,000 0 2008 2007 2006 2005 salary GaininG Ground Year 2008 2007 2006 2005 Salary $95,231 $90,038 $89,690 $85,234 Raise 5.06% 4.28% 3.84% 3% Bonus $6,561 $6,069 $4,795 10.2% $4,534 Age 45.7 46.3 47 8.3% 47 Responses 1,100 1,830 1,258 1,205 Table 1. Salary, raise, bonus and age information represent averages of the total respondents in each category. the remaining barrels can be saved for use in manufacturing chemicals, plastics and pharmaceuticals,” offers another. Further delving into the survey results reveals the average age of respondents has continued to decline to 45.7 this year, compared to 47 in the first two surveys. The top three annual sal- ary ranges for respondents are between40.5% $125,001 to $150,000 (85 or 8.2%), followed by the $100,001 to $105,000 category (77 or 7.4%) and then under $40,000 (76 or 7.3%) range. For wage 41.2% increases, 586 (56.6%) of respondents say they received a raise of between 2.5% to 5%. Another 147 (14.3%) say www.chemicalprocessing.com http://www.ChemicalProcessing.com http://www.ChemicalProcessing.com http://www.ChemicalProcessing.com/articles/2007/055.html http://www.ChemicalProcessing.com/articles/2006/049.html http://www.ChemicalProcessing.com/articles/2005/431.html http://www.ChemicalProcessing.com http://www.chemicalprocessing.com

Table of Contents Feed for the Digital Edition of Chemical Processing - April 2008

Chemical Processing - April 2008 Contents From the Editor ChemicalProcessing.com Field Notes In Process Energy Saver Compliance Advisor Is It a Tragedy or Comedy for Engineers? Better Understanding Boosts Mixer Scale-up Don't Err With Air Compressors Control Performance Supervision Enhances Revamp Process Puzzler Plant InSites Equipment & Services Product Spotlight/Classifieds Ad Index End Point

Chemical Processing - April 2008

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