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Our Subscribers Say...
Credit Today's Resource Directory and their online e-mail forum (ListServ) provide information on almost any credit-related topic you can think of. It is a great way to exchange information with other credit professionals. As the saying goes, "You don't know what you don't know."
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Credit Manager, Big Lots Stores, Inc., Wholesale Division
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"Being a part of the Credit Today online community is like having the expertise of hundreds of credit managers at your fingertips. These credit execs are willing to help you solve topical business issues as they arise. In the current environment of ever increasing competing priorities which reduce our opportunities to meet peers out of the office face-to-face, this is the most valuable tool you can have on your desktop! It's important that we have a mechanism to reach out to our counterparts quickly to exchange knowledge as well as to stay on top of industry trends."
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The Credit Today ListServ has become the pre-imminent online forum, providing an opportunity for discussion and comments (and occasional humor) from an impressive list of credit professionals."
David Dungan, Director of Credit
Justin Brands, Inc. (A Berkshire Hathaway company)
Fort Worth, Texas
"There are numerous credit periodicals available to the credit professional today. How good is Credit Today? Is it relevant? I always have to read it late, or online because my credit analysts want to read it the minute it comes in. When my staff wants to read a publication before I have a chance to read it then something is working in that publication. We have cancelled our other subscriptions. When you have the best you do not need the rest."
Ron Woods
Corporate Credit Manager-World Wide
Thales Navigation, Inc.
"The newsletter, coupled with the website and the ListServ, are to us, more valuable than any other credit publication, bar none. I try to use at least one article out of each newsletter for departmental training/discussion sessions."
D. Mark Constantine
Corporate Credit Mgr
Fulton Paper Company
"I love Credit Today and read every issue cover to cover. For me, the greatest perk of a subscription is ListServ. I believe Credit Today's ListServ members may be the most knowledgeable Credit brain trust in existence today. I have saved and categorized hundreds of contributions on a wide variety of topics which I refer to often. It's an easy and cost effective way to network and learn."
Doug M. Thomas
Kimberly-Clark Customer Financial Services |
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Survey: Credit Department Salaries Expected to Rise 3.5 Percent This Year
On average, the standard pay increase for credit personnel this year is 3.5 percent, up modestly from 3.3 percent three years ago. As might be expected, the highest increases are coming in the booming energy sector (4.0%), while industrial products is at the lower end at a still respectable 3.3 percent. The following chart looks at annual increases from two perspectives: business type and title. This Year's Annual Pay Increase in Credit by Business Type
What was your credit department's most recent standard increase?
Source: Credit Today 2007-2008 Salary & Job Satisfaction Survey
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This Year's Expected Annual Pay Increase in Credit by Title
When analyzing this table, it is important to recognize that it does NOT mean that VPs of credit are getting higher standard increases than everyone else. Rather, it means that the credit departments at companies where the head of the credit department has the vice president title are getting larger increases (3.8 percent) than at most other companies. This makes intuitive sense, as companies where the credit function is important enough to have a vice president of credit are more likely to place higher value on the function overall and thus offer higher standard annual increases.
Download the Full Report Now
Members of this site can download the full 2007-2008 Credit Today Salary & Job Satisfaction Survey by clicking here. If you are not a Member yet, no problem. You can have full access to the site within one minute from now. Click here to get started.
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