Is your pay in line?

The Ticker

January 06, 1992|By Julius Westheimer

After scanning the mail, magazines, newspapers, newsletters, etc., that piled up over the holidays, we present today some "workplace" items which may be helpful:

WHAT THEY EARN: Compiled from the 13th Annual "Working Woman Salary Survey," here are typical current salaries (with percentage gains over 1983 in parentheses): Child-care worker, private home, $6,864 (83); registered nurse, $31,616 (53); attorney, $54,340 (67); pharmacist, $41,288 (55); dental assistant, $15,600 (45); elementary school teacher, $26,988 (43); computer analyst, $38,688 (42); sales rep, $26,208 (41); secretary, $17,836 (36); social worker, $23,140 (34); librarian, $25,428 (28).

MORE SALARIES: (No 1983 comparisons available). Public accounting, starting salary, large firm $25,800; advertising account manager, $41,100; banking, branch manager, $33,000; software engineer, two-three years, $36,000; orthodontist, $109,750; hotel, motel personnel director, $31,554; public relations account executive, $28,957; sales manager, insurance firm, $56,261; TV station account executive, $44,565. (Above data from Working Woman, Jan.)

JANUARY JOTTINGS: "Salaries at the manager's level fell more than $500 in 1991. Those with biggest paychecks may be 1992's biggest losers." (U.S. News & World Report, dated today) . . . "People who stay in the middle of the road get run over." (Money Talks) . . . Wondering where to put your hard-earned money? Here are "10 Best Stocks to Hold for Next 20 Years: Albertson's, Bristol-Myers-Squibb, DeLuxe Corp., Kellogg, Merck, RPM, Rubbermaid, Sara Lee, Waste Management, Wrigley." (Best Stocks to Own in America, by Gene Walden, $22.95).

HOPEFULLY HELPFUL: "When buying an annuity, ask: What's the interest rate? What were rates for past three-five years? How long is the rate guaranteed? How are your bonds rated? (buy only a policy with bonds rated A or better). How long have you sold this type annuity? What is the company's rating by A.M. Best & Co.? (it should be A or better)." (Dun & Bradstreet Guide to Your Investments, $24.95) . . . "Although home-equity loan rates are low, there's no tax advantage to taking out such a loan if you don't itemize your deductions." (Tax Hotline) . . . "While IRS 'home office' deduction rules haven't changed, tax experts think the new Form 8829 will force people who work at home to be more careful in reporting expenses. The IRS definitely has a purpose in mind for this form." (Price Waterhouse).

EYES, EARS OPEN: The CEO of a well-known real estate development firm told me, "The commercial real estate market will stay depressed for several years; it has been terribly overbuilt." . . . Another Realtor advised, "This is probably a good time to buy commercial and industrial real estate; you make big money buying at depressed levels." . . . A north Baltimore dermatologist says there's no recession in his practice. . . . A local travel agent claims, "My business is better than ever." . . . "Where's the recession?" department: "There's already a waiting list for the new Mercedes S-class sedans, prices $75,790- $l42,430." (Business Week, Jan. 13) . . . "How To Stay the Course During a Long Job Search" is worth reading in National Business Employment Weekly, dated today. ("Stay in control, use multiple resources to fuel job search, maintain self esteem.").

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