Effective Annual Compensation (EAC): EAC combines base annual salary (or hourly wage), commissions, tips, bonuses, and profit sharing. It does not include equity (stock) compensation, cash value of retirement benefits, or value of other non-cash benefits (e.g., healthcare).
Generations: Observations are grouped into the following generations based on their reported age at the time they took the survey.
– Boomer: Those born between 1946 and 1964
– GenX: Those born between 1965 and 1981
– Millennial: Those born between 1982 and 2002.
Income Levels: Income levels are based on the single-person earnings levels used by Pew Research Center. An observation’s income level is determined based off of their EAC.
– Low income – $0 to 26,092
– Middle income – $26,093 to $78,280
– Upper income – $78,281 and up
Industries: Industries are custom aggregates of the North American Industry Classification System (NAICS) (https://www.census.gov/cgi-bin/sssd/naics/naicsrch?chart=2002).
Director Level: Workers with a Director title or a title with a comparable level or responsibility, years of experience, and management scope. These are managers of managers.
Executive Level: Workers with a Chief Executive title (CEO, CFO, etc.), a Vice President title or a title with a comparable level or responsibility, years of experience, and management scope.
Individual Contributor Level: Workers who do not supervise people and do not have a higher level title.
Manager or Supervisor Level: Workers with supervisory responsibility who do not have a higher title level.
Occupations: Occupations are defined, in part, by the Standard Occupational Classification (SOC) system