2016 Salary Guide Central Iowa Growth and Stability Colleagues: We all have a lot to be proud of and thankful for while living and working in central Iowa. Communities and businesses across our region are working together for the betterment of all, and this is paying huge dividends as we see tremendous economic growth and stability in central Iowa. It is fun watching companies grow, prosper and succeed. Due to this growth, the hiring landscape for talent in the Des Moines market has continued to tighten as unemployment rates drop to historic lows. The demand for talent in many sectors has grown beyond the supply in central Iowa, which has caused a slight uptick in salaries. With all of this going on, it remains an exciting time to be in the employment industry as we speak with thousands of job seekers yearly and work with hundreds of local companies. With our focused exposure in central Iowa, we have compiled data and trends for our 2016 Salary Guide. We are pleased to be able to share this information with you. Palmer Group’s employment experts would be happy to answer any questions you may have and to help you narrow down the salary ranges for your specific needs. Please feel free to contact us at any time. Here is to a prosperous 2016! David Leto Executive Vice President Building Businesses and Careers Central Iowa Business Leaders: As you know, the Greater Des Moines Partnership is the regional economic and community development organization serving central Iowa. Together with 21 Affiliate Chambers of Commerce and more than 5,700 business members, we help grow opportunity, create jobs and promote central Iowa as the best place to build a business, a career and a future. Greater Des Moines is riding a wave of economic development momentum. Our region continues to garner a wide range of top national rankings, including Forbes’ 2014 #1 Best City for Young Professionals, Forbes’ #2 Best City for Jobs in 2015 and NBC News’ #3 Top City to Land Work. Major central Iowa employers, including American Enterprise, BridgestoneFirestone, Delta Dental, DuPont Pioneer, EMC Insurance Companies, Facebook, Hy-Vee, John Deere, Kemin Industries, Kum and Go, Microsoft, The Principal Financial Group, Wells Fargo, and many others are making significant new capital investments across the region. They know that central Iowa is the best place to grow and expand their businesses. To keep this momentum moving forward, we need to continue to attract and retain a highly-skilled workforce. The Partnership has many efforts devoted to this, including our Education Drives Our Great Economy (EDGE) initiative, which ensures that everyone, from children through adults, realize their full potential via lifelong quality education opportunities. As a region, we must continue to strengthen our education and workforce development systems and invest in our regional quality of life amenities. As a business community, we must ensure that we offer rewarding careers, desirable work environments and competitive wages. By doing so, Greater Des Moines will continue to attract and retain top talent, build upon our successes, and position our region as a leader in workforce attraction and retention. Thank you for helping to make Greater Des Moines even greater! Sincerely, Jay Byers CEO, Greater Des Moines Partnership 2016 Central Iowa Salary Survey The information in this guide is based on two central Iowa salary sources. The first is the data we gather while assisting thousands 62.0 of job seekers with their career planning. Our current database 55.6 includes more than 37,000 local individuals currently employed or seeking employment. The second source is the salary information we gather while working on searches for actual job openings here in central Iowa. In 2015, these totaled more than 1,900. The combined result, we believe, is the most accurate summary of 25.6 25.7 salary information in central Iowa. In addition to salary figures, data is included on how those organizations responding to our salary survey plan to proceed in 2016 with regards to salary increases for their employees. 8.3 9.6 4.1 0% or No Raise 1-2% 3-4% 5+% 2015 Response 2016 Response 4 9.1 Table of Contents Accounting & Finance 6 Mortgage & Banking 11 Engineering & Manufacturing 14 Human Resources 16 Information Technology 19 Insurance22 Office Administration & Customer Service 24 Marketing & Sales 27 A&F Accounting & Finance The employment conditions in the accounting & finance sector is strong for candidates, with low employment rates making it difficult to find quality individuals. Additionally, in public accounting there is a shortage of experienced tax and audit professionals. One solution may lie in the growing number of experienced accounting & finance individuals nearing retirement, who are specifically looking for contract or project work. 6 Position Management Chief Financial Officer - Corporate Chief Financial Officer - Midsized Chief Financial Officer - Small Corporate Controller Controller - Midsized Company Plant Controller (Manufacturing) Controller - Small Company Director of Financial Reporting Director of Tax Director of Internal Audit Low 220,000 145,000 90,000 145,000 85,000 85,000 55,000 120,000 120,000 95,000 High 535,000 235,000 165,000 270,000 160,000 127,000 95,000 180,000 160,000 150,000 Low 80,000 80,000 55,000 55,000 85,000 68,000 70,000 High 120,000 120,000 97,000 90,000 135,000 97,000 100,000 Position Accounting Management Manager of Financial Planning and Analysis Manager of Financial Reporting Assistant Controller Accouting Manager Merger and Acquisitions Audit Manager Tax Manager A&F 7 X Accounting & Finance Position Accounting & Finance Finanicial Systems Analyst Senior Financial Analyst Financial Analyst Senior Accountant Staff Accountant Senior Internal Audit Internal Audit Senior Tax Accountant Tax Accountant Cost Accountant Low 60,000 55,000 40,000 55,000 38,000 60,000 45,000 60,000 45,000 50,000 High 85,000 85,000 65,000 77,000 55,000 90,000 60,000 90,000 65,000 75,000 Low 80,000 70,000 58,000 58,000 45,000 High 140,000 100,000 80,000 65,000 55,000 Position Public Accounting Senior Manager Manager Audit/Tax Senior Auditor/Tax - Big 4 Auditor/Tax-Local/Regional Firm A&F 8 X Accounting & Finance Position Accounting Bookkeeper Office Manager Bookkeeper Accounting Associate Accounts Receivable/Payable Manager Accounts Receivable/Payable Specialist/Clerk Billing Specialist Low 41,600 29,120 29,120 45,000 24,960 24,960 High 65,000 45,760 45,760 60,000 37,740 41,600 Low 68,000 57,000 46,500 29,120 High 125,000 96,000 65,000 49,920 Position Payroll Director of Payroll Payroll Manager Payroll Supervisor Payroll Specialist A&F 9 X Accounting & Finance Position Finance - Other Senior Credit Analyst Credit Analyst Procurement Manager Buyer Credit Manager Collector Compliance Manager Senior Compliance Analyst Compliance Analyst A&F 10 X Accounting & Finance Low 55,000 45,000 75,000 40,000 55,000 24,960 75,000 55,000 38,000 High 85,000 65,000 95,000 60,000 95,000 41,600 140,000 90,000 65,000 M&B Mortgage & Banking The mortgage industry continues to ramp back up due to low interest rates, loan modification programs and new loan offerings for lower income applicants. The only area in the banking and mortgage sector where we see demand softening is credit and collections due to a significant decrease in delinquencies and foreclosures. 11 Position Mortgage Phone Banker Customer Service Representative Loan Originator Loan Processor/Closer Loan Documentation Specialist Loan Adjuster Legal Process Specialist Operations Processor Credit Manager Underwriter Mortgage Quality Assurance Mortgage Compliance Loss Mitigation Specialist Collector Collections Manager Claims Processor M&B 12 X Mortgage & Banking Low 22,500 21,500 32,000 28,000 25,000 27,500 28,000 25,000 50,000 42,000 42,000 38,000 28,000 25,000 50,000 28,000 High 32,000 32,000 55,000 55,000 45,000 42,000 36,000 30,000 75,000 80,000 60,000 62,500 33,000 42,000 75,000 35,000 Position Banking Teller Teller Supervisor Account Manager Credit Analyst Credit Manager Underwriter Processor/Closer Phone Banker Personal Banker Financial Planner Branch Manager Investment/Treasury Analyst Commercial Lender Agricultural Lender Senior Lender Compliance Specialist M&B 13 X Mortgage & Banking Low 21,500 30,000 35,000 45,000 50,000 42,000 28,000 22,500 28,500 30,000 40,000 45,000 45,000 50,000 60,000 38,000 High 30,000 43,000 47,000 65,000 80,000 80,000 51,000 35,000 43,000 40,000 65,000 65,000 70,000 75,000 105,000 65,000 E&M Engineering & Manufacturing The demand for qualified candidates in the technical disciplines is outstripping supply in central Iowa. Experienced candidates are seeing more opportunities with organizations of all sizes, and with a growing focus on the Cultivation Corridor, qualified engineering and manufacturing professionals in central Iowa continue to be highly sought after. 14 Position Engineering Drafter Industrial Engineer Manufacturing Engineer Mechanical Engineer (Manufacturing) Mechanical Engineer (HVAC) Electrical Engineer Structural Engineer Civil Engineer Quality Engineer Chemical Engineer Construction Engineer Skilled Trades Engineering Tech Low 32,000 52,000 55,000 55,000 55,000 60,000 55,000 55,000 55,000 60,000 50,000 32,000 32,000 High 48,000 80,000 85,000 95,000 105,000 105,000 85,000 95,000 80,000 90,000 85,000 55,000 60,000 Low 75,000 100,000 150,000 High 125,000 175,000 250,000 Position Management/Director Level Manager Level Director Level Vice President Level E&M 15 X Engineering & Manufacturing HR Human Resources Great opportunities exist for degreed and certified Human Resources professionals at all levels in the Des Moines area. In particular, there is an on-going need for Recruiters/Talent Acquisition Professionals both on a contract and direct-hire basis due to the continuing improvement of the job market in central Iowa. 16 Position HR Leadership Vice President of Human Resources Human Resources Director Human Resources Manager Low 130,000 85,000 65,000 High 195,000 140,000 105,000 Low 120,000 85,000 65,000 65,000 50,000 50,000 High 165,000 155,000 105,000 90,000 75,000 75,000 Low 85,000 75,000 50,000 45,000 High 150,000 120,000 85,000 55,000 Position Compensation/Benefits Director of Compensation/Benefits Director of Benefits Compensation Manager Senior Compensation Analyst Compensation Analyst Benefits Analyst Position Staffing/Recruitment Director of Recruitment Corporate Staffing Manager Corporate Recruiter Corporate Staffing Representative HR 17 X Human Resources Position HR Generalist Senior Human Resources Generalist Human Resources Generalist Human Resources Representative Low 65,000 50,000 High 85,000 70,000 40,000 52,500 Low 115,000 80,000 High 155,000 105,000 Position Training/Development Vice President - Training/Development Corporate Training Manager 18 X Human Resources IT Information Technology While reports of national tech spending fluctuate from -5.5% to +2.5%, Palmer Group is experiencing a strong demand for IT talent throughout central Iowa as our Agriculture, Health Care, Finance and Insurance clients continue to expand their data management, cloud-based efforts and new business applications. Because of these resource demands, we are seeing the mean salary rising within IT skill sets. 19 Position Computers/Software Application Developer Business Systems Analyst QA Analyst IT Architect Database Analyst Project Manager Tech Lead Low 60,000 55,000 55,000 95,000 55,000 75,000 85,000 High 110,000 95,000 85,000 130,000 100,000 115,000 110,000 Low 33,000 42,000 24,000 40,000 35,000 45,000 50,000 65,000 80,000 95,000 High 42,000 50,000 37,000 50,000 45,000 55,000 70,000 90,000 105,000 125,000 Position Computers/Hardware Computer Operator Senior Computer Operator Help Desk Senior Help Desk Desktop Senior Desktop Systems Administrator Systems Engineer Senior Systems Engineer Systems Architect IT 20 X Information Technology Position Management CIO Program Manager Application Development Manager Network Manager Help Desk Supervisor IT 21 X Information Technology Low 120,000 95,000 100,000 80,000 55,000 High 250,000 150,000 150,000 130,000 80,000 I Insurance With the large insurance presence in Des Moines and a strong demand for talent, it is a candidate driven market, which allows currently employed candidates to be more selective in making career moves. Candidates are receiving multiple offers within both temp-to-hire and direct-hire opportunities. 22 Position Operations Claims Adjustor Claims Auditor Commercial Lines Underwriter Life/Health Underwriter Chief Actuary Low 35,000 35,000 45,000 50,000 165,000 High 60,000 60,000 65,000 70,000 250,000 Low 32,000 32,000 65,000 42,500 High 85,000 85,000 125,000 75,000 Low 35,000 60,000 75,000 80,000 High 55,000 90,000 110,000 125,000 Position Sales Life/Health/Annuity Sales Representative Property/Casualty Sales Representative Annuity Wholesaler Employee Benefits Sales Position Management Account Management Claims Manager Corporate Services Director Compliance Manager I 23 X Insurance A&S Office Administration & Customer Service The Office Administration and Customer Service segments continue to grow and expand in central Iowa. Candidates in this area have more employment opportunities than they have had in the last five years, and they are able to demand higher pay and more schedule flexibility. 24 Position Office Support Clerical Data Entry/Processors Customer Service Representative Low 25,000 25,000 25,000 High 35,000 34,000 42,000 Low 24,000 27,000 39,000 High 40,000 50,000 70,000 Position Administrative Receptionist Administrative Assistant Executive Assistant A&S 25 X Office Administration & Customer Service Position Legal Legal Secretary Paralegal Legal Assistant Low 32,500 37,500 36,500 High 59,000 82,000 73,000 Position Management Team Leader Customer Service Supervisor Call Center Manager A&S 26 X Office Administration & Customer Service Low 36,000 40,000 55,000 High 58,000 75,000 125,000 M&S Marketing & Sales Marketing and sales employment has increased by more than 2% in central Iowa. As our clients need service minded professionals to foster partnerships with their current and prospective clients, commissioned based sales professionals continue to be in demand. Marketing professionals; such as Marketing Managers, Marketing Specialists and Research Analysts, are being added to organizations across central Iowa. 27 Position Marketing Management Vice President of Marketing Marketing Director Creative Director Communications Manager Online Marketing Manager Low 95,000 77,500 65,000 60,000 70,000 High 150,000 115,000 90,000 82,500 90,000 Low 65,000 70,000 55,000 37,500 45,000 55,000 38,000 70,000 High 85,000 95,000 75,000 55,000 75,000 75,000 55,000 95,000 Position Marketing Product Manager Marketing Manager Web Communiciation Specialist Communications Coordinator Marketing Analyst SEO Specialist Social Media Coordinator Marketing Database Analyst M&S 28 X Marketing & Sales Position Development Business Development Manager Territory Manager Senior Account Manager Account Manager Sales Representative Inside Sales Representative Low 65,000 50,000 50,000 35,000 40,000 36,000 High 125,000 95,000 80,000 55,000 75,000 75,000 Low 90,000 85,000 80,000 75,000 70,000 High 165,000 150,000 135,000 135,000 100,000 Position Management Vice President of Sales Regional Sales Manager District Sales Manager Sales Director Sales Manager M&S 29 X Marketing & Sales Palmer Group is a leading employment firm If you're in need of a key new employee or are specializing in job placement, staffing solutions searching for a new employment opportunity, and recruiting. Founded by Austin Palmer in 1998, contact Palmer Group for assistance. Palmer Group works with employers and job seekers throughout central Iowa to connect the best companies with the most talented candidates. If you would like additional information or have specfic questions we can answer, please feel free to contact us at 515-225-7000 or send your question to From searching for qualified CEOs to supplying skilled palmergroup@thepalmergroup.com. To direct your temporary employees, Palmer Group provides the question to a specific Palmer Group representative, professionals and resources to help businesses and please click here for a full list of our team. candidates both succeed. 3737 Woodland Avenue X Suite 200 X West Des Moines, Iowa 50266