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Business English Exercises
 

Small-business salaries

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Home > Teaching Business English > Business English Lessons, Advanced Level # 187
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Mary Crane at Forbes.com says, "Which way is the economy going? — if executive salaries at smaller companies are any indication, the answer is sideways at best."

Correct answer: (b) indication

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According to a new small-business compensation survey released today by Salary.com, median base salaries for most executives at small firms increased this year over last.

Correct answer: (a) median

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The average paycheck for marketing managers rose 4.7% to $136,100; head bean counters got a 3% bump, up to $155,000; and plant managers took home $80,000, or 1.8% more.

Correct answer: (a) bean

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The annual survey spanned 11 job functions (not including 'owner') at more than 1,800 organizations, both privately and publicly held, employing one to 500 employees.

Correct answer: (b) spanned

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Ken Kerr, chief executive and financial officer of Kettley Publishing, a small consumer-education company based in Newport Beach, Calif., has filled out the www.Salary.com survey for the past two years.

Correct answer: (a) based

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He says the survey results mesh with what he's seen in the California small-business community and in his own 30-person firm.

Correct answer: (d) mesh

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"In this region, we're seeing the economy coming back strong; the tide raises all boats — small businesses have really felt the impact of that," he says.

Correct answer: (a) boats

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Bill Dunkelberg, chief economist for the National Federation of Independent Business is optimistic, too; he says the labor market is the tightest it's been in thirty years, sans the dot-com years.

Correct answer: (d) tightest

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The bad news: while salaries have been on the rise, so too has inflation.

Correct answer: (c) so

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For the trailing 12 months ended in August, the Consumer Price Index ticked up nearly 4% — eviscerating salary gains in real-dollar terms.

Correct answer: (c) eviscerating

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