Des Moines, IA (PRWEB) June 20, 2015
Agency Management Institute has just concluded their 2015 Salaries/Benefits survey and the results are an interesting commentary on how the agency model is evolving.
The survey results included:
Agency size ranged from 1 employee to over 150 employees
All regions of the US and Canada were represented although there were not enough Canadian responses for statistical validity
Most salaries either held steady or rose in the 2015 results. One area that that saw its salary range decline or at best, hold steady was the CEOs salary. As agency salaries increase and the ability to increase billable rates or project pricing has not it appears as though some CEOs are robbing from themselves to increase the pay of their key employees.
The media department also took a hit in some cases. This may suggest that as agencies buy less traditional media (it seems like agencies are either specializing in this or hiring it out more and more) they are trimming some of their more expensive employees and keeping those middle-income team members.
Copywriters and content writers also saw a healthy increase in salaries, ranging from 5-10%.
Interestingly art directors and graphic designers did not see that same kind of increase; in fact in most categories they stayed steady with their 2014 salaries.
The most significant increases came in the digital departments, with programmers leading the way. The average increase in this department was 10+% over the 2014 salaries.
Clearly, agencies value their employees and try very hard to reward their team with a good set of benefits. In fact, most agencies benefits packages rival that of much larger companies.
Agencies are scrambling to sort out the healthcare changes and many shared that they expect their benefit package will change dramatically over the next few years.
There were no significant changes to the benefits offered between 2014 and 2015, other than it seems like agencies were more likely to pay out some form of bonus this past year.
Average vacation time is on the increase. From AMIs work with agencies, we believe this increase is a combination of longer tenured employees and millennials negotiating for more time off instead of salary increases.
“The survey results indicate some good news agencies are profitable enough that they can increase salaries and some looming danger agencies are clearly worried that some of their key employees are vulnerable to other job offers as the economy gets stronger,” commented Drew McLellan, Agency Management Institute’s CEO.
Its interesting to note that in almost every size category, CEOs held steady or actually took a decrease while their rank and file employees all saw some sort of increase. Its also worth noting that its clear where agencies are placing their bets in terms of employees who deliver value to them. The largest increases were in the account service, digital and copy/content areas, while art direction and media held steady or took a decline.
It seems that agencies have added more traffic and production staff. That had been a declining category in terms of the number of agencies that had those positions but that trend reversed with this survey.
The trend that is now so commonplace we probably need to stop calling it a trend is the work from home/remote employee trend. More and more agencies are embracing this concept, especially those in markets where the labor pool is either in high demand or scarce.
Overall, the results are encouraging. Agencies are rewarding their best performers with increases in salaries and a wonderful array of benefits. If you find your agency at the low end of either Id highly recommend you correcting the issue before your competitors poach your best employees. We are entering into a very competitive employment market and you should protect your most valuable asset youre A-level employees.
The 40-page report includes:
Definitions of each job/role so that respondents and report readers can make sure they’re comparing apples to apples
The second section reports the salary results for over 40 positions. These salary ranges are broken down by agency size, region of the country and we also share the overall ranges.
The benefits section shows how agencies are handling everything from bonuses, health insurance coverage, vacation and other perks
The final section is our analysis of the results
You can purchase the report for $ 99 at http://agencymanagementinstitute.com/agency-tools/salary-survey/
Agency Management Institute is an agency network representing independently owned advertising, marketing, public relations, digital and media agencies throughout North America. Over 100 agencies are members of this association.
It offers agency training, consulting and agency owner networks for small to mid sized advertising, marketing, PR, digital and media agencies so they can increase their AGI by at least 25%, attract better clients and employees and exceed the agency owners life/financial goals.
New York, NY (PRWEB)
June 29, 2015
Despite concerns about slow M&A expansion, dealmakers in the financial services, insurance and real estate (FIRE) sector are upbeat about the coming year, according the latest reading of SourceMedias Mid-Market Pulse (MMP). The MMP, published by Mergers & Acquisitions in partnership with McGladrey LLP, is a forward-looking sentiment indicator that monitors near- and intermediate-term outlooks for merger and acquisition activity within the middle market.
The FIRE sector scored 74.9 for the three-month outlook and 75.3 for the 12-month outlook. In the sectors last reading in November, scores had registered 79.3 for the three-month forecast and 87.2 for the 12-month forecast.
Survey participants were not as exhuberant as they were when last polled about the sector in November, immediately following the mid-term elections, said Editor-in-Chief Mary Kathleen Flynn. At that time, many said they believed Republican control of Congress would lessen regulation of the financial services industry, thereby boosting their hopes for the sector.
In this recent poll, some participants worried a slowing economy and potential hike in interest rakes would slow M&A expansion in financial services, which was reflected in a lower score, according to Flynn.
FIRE did outpace the overall M&A market, which scored 70.7 for the three-month outlook and 70.2 for the 12-month outlook.
Each month, the MMP index spotlights an individual industry and presents respondents expectations for deal activity within that specific sector.
For a complete analysis of the MMPs most recent data, go to: http://themiddlemarket.com/MMP-FIRE-0615.
Inside the MMP
The Mergers & Acquisitions Mid-Market Pulse (MMP) is a monthly barometer of sentiment in the mergers and acquisitions business derived from monthly surveys of approximately 250 executives in private equity firms, investment banks, lenders, and advisory firms in accounting, law, and consulting.
Based on a regular set of recurring questions about expectations and trends across a range of key issues in M&A, the MMP is a leading indicator for potential changes in momentum in M&A activity. Various indicators that make up the MMP include projected deal volumes and pricing, staffing resource utilization levels, and the expected impacts of economic conditions, taxes and regulatory policy on future M&A activity.
Survey responses describe expectations and outlooks for three- and 12-month forward periods to arrive at indicator scores. Respondents also are asked to elaborate on their responses and provide opinions about other conditions that affect their M&A outlook.
What Respondents are Saying
Survey respondents are encouraged to add verbatim comments to their answers. Many FIRE sector respondents have a watchful eye on interest rates to capitalize on the current low-rate environment.
[An] impending interest rate hike is going to factor into valuations and opportunities, one dealmaker said. Another noted that banks remain very aggressive but rumors of rate hikes may keep valuation multiples in check as financing costs increase.
Interestingly, some respondents believe the summer months might result in a breath-catching, or slower, period with a pickup toward year-end. Others remarked that there is still too much capital waiting on the sidelines.
SourceMedia, an Observer Capital company, is a diversified business-to-business digital media company serving senior professionals in the financial, technology, and healthcare sectors. Brands include American Banker, The Bond Buyer, Mergers & Acquisitions, Financial Planning, On Wall Street, Accounting Today, Health Data Management, and Employee Benefit News. Information about SourceMedia is available at http://www.sourcemedia.com.
About SourceMedia Research
SourceMedia Research, a unit of SourceMedia, provides research solutions for marketers, agencies and others targeting business sectors such as banking, payments, mortgage, accounting, insurance, employee benefits and investment advisor / wealth management. SourceMedia Research specializes in reaching senior and C-level decision makers through access to its large proprietary opt-in databases and panels.
About Mergers & Acquisitions
Mergers & Acquisitions covers all aspects of middle-market dealmaking, including identifying acquisition targets, negotiating transactions, performing due diligence, and closing deals. With more than 42,000 unique monthly visitors, the brands website at themiddlemarket.com is continuously updated, providing real-time information and analysis of news and trends in M&A. Its monthly magazine, which serves some 20,000 subscribers, is published in partnership with the Association for Corporate Growth (ACG), a global organization comprised of thousands of private equity firms, corporate officials and intermediaries. Mergers & Acquisitions online video series features interviews with high-profile dealmakers, including private equity partners, strategic buyers, investment bankers and other advisers.
McGladrey LLP is the leading U.S. provider of assurance, tax and consulting services focused on the middle market, with nearly 8,000 professionals and associates in 80 cities nationwide. McGladrey is a licensed CPA firm and serves clients around the world through RSM International, a global network of independent assurance, tax and consulting firms. McGladrey uses its deep understanding of the needs and aspirations of clients to help them succeed. McGladrey serves private equity firms and their portfolio companies with integrated transaction advisory, tax, assurance and consulting services. Clients benefit from a single-point-of-coordination service model and teams that operate as strategic partners throughout the private equity life cycle. For more information like us on Facebook at McGladrey News, follow us on Twitter @McGladreyPE and/or connect with us on LinkedIn.
For more information, please contact:
LONE TREE, Colo (PRWEB) June 12, 2015
Zynex, Inc. (OTCQB: ZYXI), an innovative medical technology company specializing in the manufacture and sale of non-invasive medical devices for pain management, stroke rehabilitation, neurological diagnostics, and compound pharmacy, announced today it has received a response from the FDA concerning the basis for filing its application for approval of its new Blood Volume Monitor. As such, the Company has begun to prepare its request for approval pursuant to Section 510(k) of the Food, Drug and Cosmetic Act.
Thomas Sandgaard, Zynex CEO stated: We are pleased that we can now start the process of obtaining FDA clearance for this innovative new device. We continue to test the device on blood donors and are completing the build of initial units for distribution to hospitals and surgery centers for testing in surgical environments.
Zynex, founded in 1996, markets and sells its own design of electrotherapy medical devices used for pain management and rehabilitation; and the company’s proprietary NeuroMove device designed to help recovery of stroke and spinal cord injury patients. Zynexs product lines are fully developed, FDA-cleared and commercially sold world-wide. Zynex also operates a non-sterile compound pharmacy providing topical and transdermal pain creams. Zynex is also developing a new blood volume monitor for use in hospitals and surgery centers.
For additional information, please visit: http://www.zynex.com
Safe Harbor Statement
Certain statements in this release are “forward-looking” and as such are subject to numerous risks and uncertainties. Actual results may vary significantly from the results expressed or implied in such statements. Factors that could cause actual results to materially differ from forward-looking statements include, but are not limited to, the need to obtain additional capital or augment our liquidity in order to continue our business, the success of our compound pharmacy and international expansion efforts, our ability to engage additional sales representatives, the success of such additional sales representatives, the need to obtain FDA clearance and CE marking of new products, the acceptance of new products as well as existing products by doctors and hospitals, larger competitors with greater financial resources, the need to keep pace with technological changes, our dependence on the reimbursement from insurance companies for products sold or rented to our customers, acceptance of our products by health insurance providers, our dependence on third party manufacturers to produce our goods on time and to our specifications, implementation of our sales strategy including a strong direct sales force, the uncertain outcome of pending material litigation and other risks described in our filings with the Securities and Exchange Commission including the Risk Factors section of our Annual Report on Form 10-K for the year ended December 31, 2014.
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HUNT VALLEY, MD (PRWEB)
June 22, 2015
Join us for this concise, informative webinar to learn about Medicaid Migration Benefits, and how larger employers can help employees increase coverages, reduce employer health plan costs and ensure ACA compliance. Employers that migrate low-wage workers to Medicaid can significantly reduce expenses while still meeting the ACA Employer Mandate. This solution provides low-wage employees and their families, who might not have been able to afford health insurance, access to comprehensive healthcare. The results include a healthier, more productive workforce, and an improved bottom line. Learn more about Medicaid Migration Benefits, in this complimentary webinar. Topics include:
Qualification criteria for Medicaid Migration
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June 24, 2015 1:00 PM – 1:35 PM ET
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Crawford Advisors, LLC helps organizations design, implement and administer health, life, disability and voluntary benefit programs. The end result is a benefits program that is cost effective and maximizes employee value while meeting the needs of the bottom line. Crawford’s expert team guides companies in the areas of strategic design, financial analysis, administration and employee health improvement to help deliver the best value for what has become one of the largest expenses for most organizations. Call 800-451-8519 for a complimentary executive consultation or visit http://www.crawfordadvisors.com.
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