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Sunday, May 10, 2009

Fabulously Feminist Mother's Day

Salary.com's 9th Annual Mom Salary Survey Reveals Stay-at-Home Moms Would Earn $122,732 in the U.S. and $135,661 in Canada

2009 Valuation of the Mom Job Shows Working Moms Would Earn an Additional $76,184 U.S. and $83,863 Canadian

NEEDHAM, MA--(MARKET WIRE)--May 5, 2009 -- Salary.com, Inc. (NasdaqGM:SLRY - News), a leading provider of on-demand compensation, payroll and talent management solutions, announced today the results of its annual Mom Salary Survey. For 2009, Salary.com(TM) determined that the time mothers spend performing the 10 most popular "mom job functions" would equate to an annual cash compensation of $122,732 for a Stay-at-Home Mom and an additional $76,184 for a Working Mom, up 5% and 11%, respectively, from the 2008 calculations of $116,805 and $68,405. Moms and their families can create their own "mom paycheck" by visiting the Mom Salary Wizard®.

"This is our ninth year looking at the value of mom's work. It has become a popular annual event because it not only recognizes the critical value of what moms do, but educates the public on the key factors that determine what employers are willing to pay for a given job," said Meredith Hanrahan, senior vice president at Salary.com, Inc. "We value the job of mom based on her job description and calculate what an employer would have to pay in cash if they were to hire someone to do all that a mom does."

Salary.com created the 'Mom Job' based on Certified Compensation Professional®* benchmarking principles that determine the value of a job. Following these employer-based principles, it is important to match jobs based on their job descriptions and not solely job titles. In Mom's case, her role is an example of a hybrid job with 10 different jobs -- each with different salaries -- that comprise her job. In the Mom Salary Survey, 12,150 moms quantified their hours worked in each role for a typical week. Salary.com's compensation professionals weighted the different responsibilities of the job to determine mom's overall total compensation.

Salary.com leveraged its CompAnalyst® global market data to benchmark the mom jobs in the U.S. and Canada. In Canada, the salary was $135,661 for Stay-at-Home Moms and an additional $83,863 for Working Moms (reported in Canadian dollars). The job titles that best matched a mom's definition of her work in both countries are (in increasing order of the percentage of her total 'Mom Job' salary) were: Laundry Machine Operator, Janitor, Van Driver, Housekeeper, Computer Operator I, Cook, Day Care Center Teacher, Facilities Manager, Psychologist, Chief Executive Officer.

Because the study took place from Mother's Day 2008 to Mother's Day 2009, the increase for both the stay-at-home and working mom reflects merit increases between 3.5 and 5.0 percent in early 2008, prior to the downturn. However, economic conditions began to show up in the working mom's salary.

"We found that not only are working moms outsourcing less and doing more themselves, but they're also spending more time on the higher-paying jobs such as facilities manager, CEO, and psychologist -- both factors that contributed to their increased salary figure. This year, the working mom had 17 hours of overtime in addition to her full time hours both at work and as a mom -- up nearly double from 2 years ago," added Hanrahan. According to the Salary.com survey, the working mom puts in over a 92-hour work week once you combine her full-time job, mom hours, and mom overtime. The primary driver of mom's six-figure salary depends on the amount of overtime worked. This year the stay-at-home mom's overtime averaged 56 hours in their 96-hour "work week" -- over half her time spent on the job is overtime.

The Mom Salary Survey has been enhanced over the years to reflect feedback such as adding salary ranges for working moms and for stay-at-home and working dads. The survey data has been incorporated into the Mom Salary Wizard, an online tool where consumers can personalize the survey data to reflect their time spent per job in an average week. The Mom Salary Wizard shows users how factors such as geography and the mix of various mom jobs can impact compensation and can either increase or decrease the mom salary from the national median Salary.com publishes every year.

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