Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nyse  >  Xerox Corp    

SummaryChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets 

Xerox Corporation : Buck Consultants Survey: 3 Percent Salary Increase the "New Normal"

share with twitter share with LinkedIn share with facebook
share via e-mail
0
11/08/2012 | 02:15pm CEST

Employers increase use of short-term incentives as cost-effective way to reward employees

While employees may not see much improvement in base pay next year, the prevalence and size of short-term incentives has increased substantially, according to the sixth annual "Compensation Planning Survey" released by Buck Consultants, A Xerox Company (NYSE: XRX).

The survey analyzed responses from more than 350 organizations to determine trends in compensation for the coming year.

The median salary increase in 2013 will be 3 percent, as employers continue to be cautious with their salary budgets. Buck Consultants predicts that the new normal for salary increases will settle at this 3 percent level.

The expected size of short-term incentive awards forecast for 2013 is greater than the target payouts for 2012 and actual payouts in 2011 for all employee groups except CEOs. Employers see a bonus or other short-term incentive - a one-time expense as opposed to the annual expense of a salary increase - as a cost-effective approach for rewarding employees.

Hiring and retention bonuses are offered by more than half of the organizations surveyed (56 percent). Referral bonuses are also offered by 56 percent of organizations.

The prevalence of ongoing long-term incentives depends on employee level. For example, stock options are offered to CEOs by 52 percent of survey respondents but only offered to rank and file exempt employees by 29 percent.

"The results of this survey are similar to past years in terms of compensation - slow growth, lots of challenges and not a lot of money to spend," said David Van De Voort, principal, Buck Consultants. "However, we've moved past the environment of several years ago when employers were freezing pay and reducing 401(k) matches."

In fact, more than two-thirds (67 percent) of survey participants cited a focus on retaining top talent in 2013, and more will look to make additions to their workforce. According to the survey, 46 percent are planning for normal hiring and 19 percent will be adding staff.

About the Survey

Buck Consultants completed its survey in September. The survey includes responses from 362 employers, representing virtually every sector of the U.S. economy.

Buck's survey report, "Compensation Planning for 2013," is available at no cost to the media by contacting Ed Gadowski at 910-253-9816. It is available to other interested parties for $400 by calling 1-800-887-0509 or visiting http://www.bucksurveys.com. The survey was produced by Buck Consultants' Knowledge Resources group, which is responsible for national multi-practice legal analysis and publications, government relations, research, surveys, training, and knowledge management.

About Buck Consultants

Buck Consultants, A Xerox Company, is a leader in human resource and benefits consulting with more than 1,500 professionals worldwide. Founded in 1916 to advise clients in establishing and funding some of the nation's first public and private retirement programs, Buck is an innovator in the areas of retirement benefits, health and welfare programs, talent and human resources solutions, compensation, and employee communication. News and other information about Buck Consultants are available at http://www.buckconsultants.com.

About Xerox

With sales approaching $23 billion, Xerox (NYSE: XRX) is the world's leading enterprise for business process and document management. Its technology, expertise and services enable workplaces - from small businesses to large global enterprises - to simplify the way work gets done so they operate more effectively and focus more on what matters most: their real business. Headquartered in Norwalk, Conn., Xerox offers business process outsourcing and IT outsourcing services, including data processing, healthcare solutions, HR benefits management, finance support, transportation solutions, and customer relationship management services for commercial and government organizations worldwide. The company also provides extensive leading-edge document technology, services, software and genuine Xerox supplies for graphic communication and office printing environments of any size. The 140,000 people of Xerox serve clients in more than 160 countries. For more information, visit http://www.xerox.com, http://news.xerox.com or http://www.realbusiness.com. For investor information, visit http://www.xerox.com/investor.

Note: To receive RSS news feeds, visit http://news.xerox.com/pr/xerox/rss.aspx. For open commentary, industry perspectives and views visit http://twitter.com/xeroxcorp, http://realbusinessatxerox.blogs.xerox.com, http://www.facebook.com/XeroxCorp, http://www.youtube.com/XeroxCorp.

XEROX®, XEROX and Design® are trademarks of Xerox in the United States and/or other countries.

Media:
Buck Consultants, A Xerox Company
Ed Gadowski, +1-910-253-9816
[email protected]
or
Nicole Pavlas, +1-585-697-2620
Text 100 for Buck Consultants
[email protected]


© Business Wire 2012
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on XEROX CORP
03:10p XEROX : Thousands Meet Smart Workplace Assistants from Xerox, Spurring Initial S..
02:08p XEROX : 4 tips for inbound marketing success
06/27 International Internet Company NAVER to Acquire Xerox Research Centre Europe;..
06/27 NAVER to Acquire Xerox Research Centre Europe
06/27 XEROX : Global Digital Printing Press for Commercial Printers Market 2017- Xerox..
06/27 XEROX : International Internet Company NAVER to Acquire Xerox Research Centre Eu..
06/26 XEROX : Equips Channel Partners with Marketing Muscle to Boost Demand for Techno..
06/24 XEROX : U.S. Patents Awarded to Inventors in Oregon (June 24)
06/24 ZAFGEN : U.S. Patents Awarded to Inventors in New Jersey (June 24)
06/24 XEROX : U.S. Patents Awarded to Inventors in New York (June 24)
More news
Sector news : Business Support Services - NEC
06/23 CAPITA : sells asset management arm to Link Group for 888 million pounds
06/22 WORLDPAY : Payment firm Worldpay says can operate via Dutch unit after Brexit
06/15 CAPITA : Australia's Link, buyout funds in final bidding for $1 billion Capita s..
06/14 Oil stocks drop hits FTSE, offsetting strong housebuilders
06/13 FTSE held back by sterling bounce as tech stocks recover
More sector news : Business Support Services - NEC
News from SeekingAlpha
06/09 How The British Election Could Weaken The Pound And Hurt U.S. Companies
06/09 GENERAL MOTORS : Goliath Wins
06/09 Highest Dividend Yields By Sector
06/08 Xerox Has No Positive Catalysts - Cramer's Lightning Round (6/7/17)
05/24 Xerox sets one-for-four reverse stock split
Advertisement
Financials ($)
Sales 2017 10 139 M
EBIT 2017 1 248 M
Net income 2017 459 M
Debt 2017 3 689 M
Yield 2017 3,67%
P/E ratio 2017 17,59
P/E ratio 2018 13,95
EV / Sales 2017 1,09x
EV / Sales 2018 1,09x
Capitalization 7 365 M
More Financials
Chart XEROX CORP
Duration : Period :
Xerox Corp Technical Analysis Chart | US9841211033 | 4-Traders
Full-screen chart
Technical analysis trends XEROX CORP
Short TermMid-TermLong Term
TrendsBullishBearishBearish
Technical analysis
Income Statement Evolution
More Financials
Consensus 
Mean consensus OUTPERFORM
Number of Analysts 8
Average target price 33,0 $
Spread / Average Target 14%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Jeffrey Jacobson Chief Executive Officer & Director
Robert J. Keegan Non-Executive Chairman
Hervé Tessler President-International Operations
William F. Osbourn Chief Financial Officer & Executive Vice President
Sophie V. Vandebroek CTO & President-Xerox Innovation Group
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
XEROX CORP-17.55%7 365
ALLIANCE DATA SYSTEMS ..14.18%14 474
CINTAS CORPORATION8.88%13 252
VANTIV INC4.63%12 293
BUREAU VERITAS10.70%10 221
INTERTEK GROUP26.29%9 035
More Results