For the first time since the survey was established in 2005, the average salaries reported by respondents declined — from $107,804 in 2009 to $97,554 this year. Until now, average salaries have steadily increased. In 2005, the average salary was $85,234; in 2006, $89,690; in 2007, $90,038; and in 2008, $95,231. (Table 1). Small percentage declines in those reporting annual incomes within the $115,000 to $125,000 pay ranges and increases in those earning $80,000 to $95,000 account for the decrease in the average salaries reported.
How has compensation changed?
| Year |
Salary |
Raise |
Bonus |
Age |
Responses |
| 2010 |
$97,554 |
3.68% |
$5,835 |
47.8 |
1,827 |
| 2009 |
$107,804 |
4.23% |
$6,407 |
47.3 |
1,528 |
| 2008 |
$95,231 |
5.06% |
$6,561 |
45.7 |
1,078 |
| 2007 |
$90,038 |
4.28% |
$6,069 |
46.3 |
1,830 |
| 2006 |
$89,690 |
3.84% |
$4,795 |
46 |
1,258 |
| 2005 |
$85,234 |
3% |
$4,534 |
46 |
1,205 |
How the Data Were Gathered
A total of 1,827 respondents participated in this year's survey. That's second only to 2007 when 1,830 people answered our questions.
Since mid-January, respondents accessed the survey questionnaire via a link listed in the print edition of Chemical Processing, on the www.ChemicalProcessing.com Web site, and in e-newsletters and e-mail blasts sent to readers. Additionally, those who follow Chemical Processing on Twitter at Chem_Processing and Facebook at Chemical Processing Magazine were also encouraged to participate.
Read the full story: Clouds of Concern Begin to Clear -- CP's 2010 Salary and Job Satisfaction Survey
