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08.25.08 >>>Benchmark Your AP Operations<<<
How much does it cost AP departments to process an invoice? How many invoices should AP staffers be able to process in a month? What is the average error rate for payments? You will get the answers to these questions--and a lot more—if you take part in our survey. more...
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02.07.08 AP Salaries Up in 2008
Salaries in 2008 for certain AP professionals have increased by 2.1% to 4.2% versus last year, reveals the 2008 Salary Guide from Robert Half International.
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12.06.07 Double-Digit Pay Hike for AP Supervisors
AP supervisors saw a 14% boost in salary over the past year, according to preliminary results of IOMA’s new AP Management Survey. Over 500 AP professionals responded to the survey.
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08.23.07 Salaries Rise for AP Pros
The 2007 Salary Guide from Robert Half International reveals that salaries rose by 2.7% to 5.6% for AP professionals.
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08.16.07 How Much AP Supervisors Are Paid
The overall mean salary for an accounts payable supervisor is $47,603, according to the AMSF Salary Survey. The typical bonus is $415, and total cash comp comes to a mean $47,543. more...
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07.19.07 Sources of AP Salary Data
Salary surveys are extremely useful because they help make sure you are offering salaries that are competitive in the marketplace. Otherwise, you risk losing good AP workers, and you can have trouble recruiting additional staff. In addition, organizations use salary surveys to plan their annual merit and pay increase budgets.
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07.19.07 Call for Presentations: Advanced AP 2008
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07.12.07 Overtime Pay Dispute
Picture this scenario: One of your AP processors walks into your office and says: “I worked overtime last week handling that backlog of invoices and I demand to be paid for it.” It’s payday and the employee expected her paycheck to be bigger because of the extra overtime.
“Your check's less than you thought because you didn't follow company policy and get my permission to work the extra hours or have me initial your time card,” you reply. “If we didn't know you worked the extra time, how could we pay you?”
“Well, now you know. And while we're on the subject, I think I should also be paid extra for the work I do during my lunch hour and all the times I clock in a little early and punch out a little late.”
Is this employee entitled to the overtime pay? A new court case gives the answer.
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05.31.07 Rewarding Top Performers
Companies need to "get as much money as we can into the top 20% of the workforce" because those employees generally create 80% of the organization's business value, said compensation consultant Jay Schuster of Schuster-Zingheim & Associates Inc. in Los Angeles.
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05.24.07 Gender Pay Gap Starts Early—Then Widens
There’s a significant gender gap in terms of salaries for AP pros, according to IOMA's Accounts Payable Compensation Report 2007. For example, male AP managers earn $71,364 on average, 13% more than their female counterparts ($63,174). Of course, the gender pay gap is not limited to AP. Also, it starts the first year workers are out of college—and then it widens, according to a new study.
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05.03.07 Match Job Rewards with Employee Type
Rewards for good job performance can help motivate your AP staff—but it depends on the type of reward you dole out. That’s because different types of rewards appeal to different types of employees, according to a recent study by Maritz Incentives and Research. The study identified six distinct “reward types,” their traits, and the kinds of rewards they prefer.
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04.26.07 AP Manager Pay in Various U.S. Cities
Different market conditions, the cost of living, and other local factors affect the earnings of AP managers in various U.S. cities, according to IOMA’s 2007 AP Compensation Report.
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04.19.07 Certified AP Pros Earn More
AP certification credentials can put more money in your paycheck, suggests a survey of over 400 AP professionals. On average, salaries for individuals with AP certification are higher than their colleagues who are not certified. Individuals with vaulted AP titles who are certified earn salaries that are up to 13.5% higher.
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03.29.07 How Geography Affects AP Managers’ Pay
Because of different job market conditions, cost of living, and other local factors, geography affects AP managers’ salaries. Our latest AP salary survey illustrates this, and it reveals which U.S. locations pay the most—and least.
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02.08.07 Bonuses Jump for AP Pros
Bonus-wise, AP professionals did well in 2006. They saw average bonuses increase 23%. But some AP job titles saw bonuses shoot up even higher—as much as a 58% increase--according to our latest AP salary survey.
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01.04.07 Big Gender Gap in AP Salaries
There’s a significant gender gap in terms of salaries for AP pros, reveals IOMA's Accounts Payable Compensation Report 2007. The soon-to-be-released report is based on a survey of over 400 individuals and analyzes data concerning salaries, bonuses, work experience, education, gender, and other variables that affect compensation. Here are some details.
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12.14.06 Holiday Perks for Your AP Staff
The holiday season is the perfect time to thank your AP staff for a job well done over the year. So think about doling out gifts, bonuses, or paid time off to deserving employees. In fact, more companies will give out such perks this holiday season, according to a new survey conducted by the Bureau of National Affairs (BNA), which is our parent company, and sponsored by Kronos Incorporated, a provider of workforce management solutions. Here are the details and access to the full survey report.
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12.07.06 New Study Reveals Big Increases for Some AP Salaries
Salaries for some AP professionals have increased significantly over the past year, reveals IOMA's Accounts Payable Compensation Report 2007. The report is based on a survey of over 400 individuals and analyzes data concerning salaries, bonuses, work experience, education, gender, and other variables that affect compensation.
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11.30.06 Pay Parity for Far-Flung AP Staffers
Are your AP staffers who are scattered across the nation getting the compensation they deserve based on their location? The 2006 Geographic Salary Differentials study from Mercer human resource consulting illustrates pay variations across the country according to city. This information is important when you have an employee who transfers from a relatively high-salary area to a relatively low-salary area, or vice versa.
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03.01.05 Top 15 Ways to Control Compensation Costs
Is management always after you to keep salary and related expenses down? Are you stumped as to what is the best way to meet that request? A sister publication, IOMA’s Report on Salary Surveys, asked human resources executives the best ways to rein in compensation costs. more...
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04.01.04 Little Respect for What it Takes to Work in Accounts Payable
This year’s crop of college graduates will be in a better position than their 2003 counterparts. A new report shows upward movement in starting salary offers to new college graduates. more...
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03.01.04 AP Manager of the Year Gets Bonus
We would like to share a note that we received from Diane Gee, the accounts payable manager at Systems & Electronics Inc. She was the winner of IOMA’s Accounts Payable Manager of the Year in the midsize company category. more...
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