April 16, 2010

HR Fact Friday: Tall Women Earn More Than Short Ones

Filed under: General HR Buzz — Tags: , , , — Paul @ 6:00 am

Want a Raise? Better don your stilettos and stand up straighter. Tall women earn more than shorter ones, according to a new British study reported in the Daily Mail.

Women who are five feet eight inches or more are twice as likely to earn $46,000 and above annually, which comes out to $8,000 more than their shorter colleagues.

For the study, 1,461 women over age 16 were asked questions about their height and their salary. Some 20 percent of the participants who were in the “tall” category reported annual earnings of $46,000, compared to just 10 percent of women whose height was under 5 feet eight inches.

The study also showed that the taller a woman is, the more comfortable she is with her body. And a quarter of the tall women reported not wanting to change anything about themselves.

Yet 90 percent of the shorter women reported being unhappy with their appearance, according to the research, which was done for the clothing chain, Long Tall Sally.

“Research shows that tall people are consistently more successful in the workplace,” Arianne Cohen, author of “The Tall Book: A Celebration of Life From On High,” told the Mail.

“Research shows that tall people are consistently more successful in the workplace. Not only do they earn more but they’re more likely to be in leadership positions.”

Source: New York Daily News, Rosemary Black

Share

February 12, 2010

HR Fact Friday: U.S. Salary Increase Budgets Hit 25-Year Low

Filed under: Compensation,Salaries & Pay — Tags: , , , — Paul @ 6:00 am

U.S. companies’ budgets for salary increases in 2010 fell to their lowest level in more than two decades, The Conference Board reported Tuesday, February 9.

The 2010 median forecast of salary budgets for increases is 2.8 percent for all employee groups, the lowest level in the 25-year history of The Conference Board’s annual survey on salary-increase budgets.

In addition, changes to salary structures (changes to minimum, midpoints and maximums of pay scales) to account for changes in cost of living and other factors aren’t expected to top 2 percent, according to the survey. That’s below The Conference Board’s forecast of a 2.6 percent inflation rate.

In the statement released with highlights of the research, “Salary Increase Budgets for 2010—Winter Update,” Linda Barrington, the organization’s managing director for human capital, said: “U.S. workers will continue to face downward pressure on their salaries and wages. Without the purse strings loosening on financial rewards, employers are going to have to rely on other ways of engaging employees, especially top performers, in order to keep their companies competitive.”

The survey included 285 U.S. organizations.

Source: Workforce.com

Share