Vendaval
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Press Release
Source: Salary.com, Inc.
"Mom Deserves a Raise in 2007"
Wednesday May 2, 3:51 pm ET
"Salary.com's(TM) Annual Valuation of Mom's Job Reveals That Stay-at-Home Mom's Salary is $138,095, a Three Percent Increase Over Last Year"
"WALTHAM, Mass.--(BUSINESS WIRE)--Salary.com, Inc. (NASDAQ: SLRY - News), a leading provider of on-demand compensation management solutions, announced today the 2007 Mom Salary survey. Based on its survey of more than 40,000 mothers, Salary.com determined that the time mothers spend performing 10 typical job functions would equate to an annual salary of $138,095 for a stay-at-home mom. This is a three percent increase over the 2006 salary of $134,121, but still nearly one percentage point below employers' predictions of an average 3.9 percent annual pay increase, according to a Salary.com survey. Working mom's "at-home" salary is $85,939 in 2007-- an increase of only $63 from last year; this is in addition to the salary they earn in the workplace.
"This is Salary.com's 7th year looking at the value of mom's work, and there's always a surprise element," said Bill Coleman, senior vice president and chief compensation officer at Salary.com. "Mom works multiple jobs and rarely gets a break from the action, working an average of 52 hours of overtime. The lower-than-average merit increase reflects that many of the 'mom jobs' are not as highly valued as the management, non-exempt and executive jobs performed by most U.S. employees."
A large portion of mom's salary is from the amount of overtime worked. According to the Salary.com survey, stay-at-home moms work a 92 hour "workweek" - more than half her time spent on the job is overtime. Working moms, however, logged more than nine hours of overtime for an average 49 hour mom workweek, beyond their full-time paying jobs.
(break)
Methodology
Salary.com defined the Mom job description as a "hybrid job description" with over 10 jobs that make up the position of Mom. The job titles that best matched a mom's definition of her work are (in order of hours spent per week): housekeeper, day care center teacher, cook, computer operator, laundry machine operator, janitor, facilities manager, van driver, CEO and psychologist. Over 40,000 moms quantified their hours per job description, and Salary.com benchmarked the median salaries for each job to the national median salary for each position as reported by employers. The final salary was calculated by weighting the salaries and hours worked in each role. "
http://biz.yahoo.com/bw/070502/20070502006308.html?.v=1
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