I've said it before and I'll say it again. The more time between setting up a phone interview, to setting up the first face to face interview and making an offer, the more of a chance a candidate will say "forget it" or not accept an offer. Time is of the essence. Feel free to call me and I can give you very specific examples.
Happy Recruiting!
Dan Regovich - Plastics Recruiter & Plastic Packaging Recruiter
AJ Augur Group, LLC
440-357-7600
www.ajaugur.com
dregovich@ajaugur.com
Plastics Recruiter
Plastic Injection Molding Recruiter
Blow Molding Recruiter
Blown film Recruiter
Formerly with RSI Recruiter Solutions International, VP Plastics & Filtration.
Within the plastics industry, I service companies with the following technologies: injection molding, blow molding, extrusion blow molding, injection blow molding, multilayer blow molding, thermoforming, cast extrusion, profile extrusion, extruded film, blown film, plastic film, rotational molding/rotomolding, plastic sheet, calendaring, casting, compression/transfer molding, foam molding, pultrusion, resin, color and compounding,
The primary end markets that these products go into: aerospace, agriculture, apparel/garment bagsappliances, automotive/transportation, beverage, building/construction, computers, consumer products, containers/closures, fencing, fiber optics, flooring, food service, grocery bags, electical/electronics, food pacakaging, household chemicals, household-care packaging, industrial, irrigation, labels, laminations, lawn & garden, marine, medical/pharmaceutical, municipal water & sewer, office products, personal-care packaging, plastic cups/lids, recreational, signage & displays, shrink film, stretch film, swimming pools/spas, tanks agricultural/industrial, telecommunications, toys, trash bags,
Types of Materials: ABS, Acetal, Acrylic, Fluoropolymers, HDPE, HMWHDPE, LDPE, LLDPE, Nylon, PC, PET, PETG, PEX, PLA, Post-Consumer Resin, PP, PPO/PPE, PS/EPS, PVC, PVDC, SAN/SMA, Thermosets, TPE
injection molding head hunter / executive recruiter
blown film head hunter / executive recruiter
blow molding head hunter / executive recruiter
plastic flexible packaging head hunter / executive recruiter
Friday, September 30, 2011
Monday, September 26, 2011
Head Hunter For Plastics - Honesty
My name is Dan Regovich and I am an Executive Recruiter/Head Hunter and specialize in the Plastics industry.
Recently, I was working on a position in which I presented a candidate who was making $63k. When one of the interviewers asked my candidate how much he was making, he thought the candidate said $53k.
At that point, my client wanted to see my candidate's pay stub or W2 to verify what the candidate was really making. I advised my client that people with my candidate's background make $55k right out of college. (That was verified by a very quick search on Google which brought up several salary surveys.) The fact that my candidate told me he was making $63k is right in line with what he should be making for someone with his experience.
As you might guess, going back to a candidate and asking them for a pay stub is telling them that my client thinks you were lying. The candidate politely declined and my client missed out on a great candidate, who, by the way, was right in line with their salary range.
If you want candidates to prove their salary, make sure you tell them up front. If you do it on the back end, you are telling them you don't think they are honest!
Dan Regovich - Plastics Recruiter & Plastic Packaging Recruiter
AJ Augur Group, LLC
440-357-7600
www.ajaugur.com
dregovich@ajaugur.com
Plastics Recruiter
Plastic Injection Molding Recruiter
Blow Molding Recruiter
Blown film Recruiter
Formerly with RSI Recruiter Solutions International, VP Plastics & Filtration.
Within the plastics industry, I service companies with the following technologies: injection molding, blow molding, extrusion blow molding, injection blow molding, multilayer blow molding, thermoforming, cast extrusion, profile extrusion, extruded film, blown film, plastic film, rotational molding/rotomolding, plastic sheet, calendaring, casting, compression/transfer molding, foam molding, pultrusion, resin, color and compounding,
The primary end markets that these products go into: aerospace, agriculture, apparel/garment bagsappliances, automotive/transportation, beverage, building/construction, computers, consumer products, containers/closures, fencing, fiber optics, flooring, food service, grocery bags, electical/electronics, food pacakaging, household chemicals, household-care packaging, industrial, irrigation, labels, laminations, lawn & garden, marine, medical/pharmaceutical, municipal water & sewer, office products, personal-care packaging, plastic cups/lids, recreational, signage & displays, shrink film, stretch film, swimming pools/spas, tanks agricultural/industrial, telecommunications, toys, trash bags,
Types of Materials: ABS, Acetal, Acrylic, Fluoropolymers, HDPE, HMWHDPE, LDPE, LLDPE, Nylon, PC, PET, PETG, PEX, PLA, Post-Consumer Resin, PP, PPO/PPE, PS/EPS, PVC, PVDC, SAN/SMA, Thermosets, TPE
injection molding head hunter / executive recruiter
blown film head hunter / executive recruiter
blow molding head hunter / executive recruiter
plastic flexible packaging head hunter / executive recruiter
Recently, I was working on a position in which I presented a candidate who was making $63k. When one of the interviewers asked my candidate how much he was making, he thought the candidate said $53k.
At that point, my client wanted to see my candidate's pay stub or W2 to verify what the candidate was really making. I advised my client that people with my candidate's background make $55k right out of college. (That was verified by a very quick search on Google which brought up several salary surveys.) The fact that my candidate told me he was making $63k is right in line with what he should be making for someone with his experience.
As you might guess, going back to a candidate and asking them for a pay stub is telling them that my client thinks you were lying. The candidate politely declined and my client missed out on a great candidate, who, by the way, was right in line with their salary range.
If you want candidates to prove their salary, make sure you tell them up front. If you do it on the back end, you are telling them you don't think they are honest!
Dan Regovich - Plastics Recruiter & Plastic Packaging Recruiter
AJ Augur Group, LLC
440-357-7600
www.ajaugur.com
dregovich@ajaugur.com
Plastics Recruiter
Plastic Injection Molding Recruiter
Blow Molding Recruiter
Blown film Recruiter
Formerly with RSI Recruiter Solutions International, VP Plastics & Filtration.
Within the plastics industry, I service companies with the following technologies: injection molding, blow molding, extrusion blow molding, injection blow molding, multilayer blow molding, thermoforming, cast extrusion, profile extrusion, extruded film, blown film, plastic film, rotational molding/rotomolding, plastic sheet, calendaring, casting, compression/transfer molding, foam molding, pultrusion, resin, color and compounding,
The primary end markets that these products go into: aerospace, agriculture, apparel/garment bagsappliances, automotive/transportation, beverage, building/construction, computers, consumer products, containers/closures, fencing, fiber optics, flooring, food service, grocery bags, electical/electronics, food pacakaging, household chemicals, household-care packaging, industrial, irrigation, labels, laminations, lawn & garden, marine, medical/pharmaceutical, municipal water & sewer, office products, personal-care packaging, plastic cups/lids, recreational, signage & displays, shrink film, stretch film, swimming pools/spas, tanks agricultural/industrial, telecommunications, toys, trash bags,
Types of Materials: ABS, Acetal, Acrylic, Fluoropolymers, HDPE, HMWHDPE, LDPE, LLDPE, Nylon, PC, PET, PETG, PEX, PLA, Post-Consumer Resin, PP, PPO/PPE, PS/EPS, PVC, PVDC, SAN/SMA, Thermosets, TPE
injection molding head hunter / executive recruiter
blown film head hunter / executive recruiter
blow molding head hunter / executive recruiter
plastic flexible packaging head hunter / executive recruiter
Wednesday, September 21, 2011
Plastic Extrusion Recuiter - Project Engineer
Project Engineer For Mentor, OH
Looking for someone who ideally has an electrical engineering background to help the sales staff of this growing, privately held manufacturer of capital equipment to work with cusotmers in helping them coordinate the manufacturing of their custom packaging equipment. This newly created position will travel to customer sites to help the sales person with technical issues and questions about customizing equipment. This person will also coordinate between the customer and the company once the equipment is being manufactured and all the way until the new equipment is installed.
Being offered is a base salary of up $80k, gain sharing, medical benefits, dental benefits, tuition reiumbursement, paid holidays, paid vacation and a great work environment. If interested, send your resume to dregovich@ajaugur.com.
Dan Regovich - Plastics Recruiter & Plastic Packaging Recruiter
AJ Augur Group, LLC
440-357-7600
www.ajaugur.com
dregovich@ajaugur.com
Plastics Recruiter
Plastic Injection Molding Recruiter
Blow Molding Recruiter
Blown film Recruiter
Formerly with RSI Recruiter Solutions International, VP Plastics & Filtration.
Within the plastics industry, we service companies with the following technologies: injection molding, blow molding, extrusion blow molding, injection blow molding, multilayer blow molding, thermoforming, cast extrusion, profile extrusion, extruded film, blown film, plastic film, rotational molding/rotomolding, plastic sheet, calendaring, casting, compression/transfer molding, foam molding, pultrusion, resin, color and compounding,
The primary end markets that these products go into: aerospace, agriculture, apparel/garment bagsappliances, automotive/transportation, beverage, building/construction, computers, consumer products, containers/closures, fencing, fiber optics, flooring, food service, grocery bags, electical/electronics, food pacakaging, household chemicals, household-care packaging, industrial, irrigation, labels, laminations, lawn & garden, marine, medical/pharmaceutical, municipal water & sewer, office products, personal-care packaging, plastic cups/lids, recreational, signage & displays, shrink film, stretch film, swimming pools/spas, tanks agricultural/industrial, telecommunications, toys, trash bags,
Types of Materials: ABS, Acetal, Acrylic, Fluoropolymers, HDPE, HMWHDPE, LDPE, LLDPE, Nylon, PC, PET, PETG, PEX, PLA, Post-Consumer Resin, PP, PPO/PPE, PS/EPS, PVC, PVDC, SAN/SMA, Thermosets, TPE
injection molding head hunter / executive recruiter
blown film head hunter / executive recruiter
blow molding head hunter / executive recruiter
plastic flexible packaging head hunter / executive recruiter
Looking for someone who ideally has an electrical engineering background to help the sales staff of this growing, privately held manufacturer of capital equipment to work with cusotmers in helping them coordinate the manufacturing of their custom packaging equipment. This newly created position will travel to customer sites to help the sales person with technical issues and questions about customizing equipment. This person will also coordinate between the customer and the company once the equipment is being manufactured and all the way until the new equipment is installed.
Being offered is a base salary of up $80k, gain sharing, medical benefits, dental benefits, tuition reiumbursement, paid holidays, paid vacation and a great work environment. If interested, send your resume to dregovich@ajaugur.com.
Dan Regovich - Plastics Recruiter & Plastic Packaging Recruiter
AJ Augur Group, LLC
440-357-7600
www.ajaugur.com
dregovich@ajaugur.com
Plastics Recruiter
Plastic Injection Molding Recruiter
Blow Molding Recruiter
Blown film Recruiter
Formerly with RSI Recruiter Solutions International, VP Plastics & Filtration.
Within the plastics industry, we service companies with the following technologies: injection molding, blow molding, extrusion blow molding, injection blow molding, multilayer blow molding, thermoforming, cast extrusion, profile extrusion, extruded film, blown film, plastic film, rotational molding/rotomolding, plastic sheet, calendaring, casting, compression/transfer molding, foam molding, pultrusion, resin, color and compounding,
The primary end markets that these products go into: aerospace, agriculture, apparel/garment bagsappliances, automotive/transportation, beverage, building/construction, computers, consumer products, containers/closures, fencing, fiber optics, flooring, food service, grocery bags, electical/electronics, food pacakaging, household chemicals, household-care packaging, industrial, irrigation, labels, laminations, lawn & garden, marine, medical/pharmaceutical, municipal water & sewer, office products, personal-care packaging, plastic cups/lids, recreational, signage & displays, shrink film, stretch film, swimming pools/spas, tanks agricultural/industrial, telecommunications, toys, trash bags,
Types of Materials: ABS, Acetal, Acrylic, Fluoropolymers, HDPE, HMWHDPE, LDPE, LLDPE, Nylon, PC, PET, PETG, PEX, PLA, Post-Consumer Resin, PP, PPO/PPE, PS/EPS, PVC, PVDC, SAN/SMA, Thermosets, TPE
injection molding head hunter / executive recruiter
blown film head hunter / executive recruiter
blow molding head hunter / executive recruiter
plastic flexible packaging head hunter / executive recruiter
Monday, September 19, 2011
Plastics Recruiter - GM / UAW
From CNN.com:
http://money.cnn.com/2011/09/17/news/companies/gm_uaw_agreement/index.htm?source=cnn_bin&hpt=hp_bn3
General Motors and the United Auto Workers union reached a tentative agreement on a new labor deal late Friday, the first since the federal bailout and bankruptcy at the company two years ago.
The agreement was reached just after 11 p.m. Friday. It covers about 48,500 UAW members at the nation's largest automaker.
411Print
It includes guarantees of "significant investments and products for our plants," according to a statement by UAW President Bob King. That new investment will result in a rehiring of an undisclosed number of workers who lost their jobs during recent downsizings. Guarantees on products and investment was the union's major goal in these talks.
The contract also includes improved profit sharing payments for members, the main goal of all three automakers, that will mean a greater part of pay and benefit packages will be tied to the performance of the company.
King said the profit sharing improvement was a big win for his members.
"When GM was struggling, our members shared in the sacrifice. Now that the company is posting profits again, our members want to share in the success," he said.
GM said the new contract will allow it to be competitive by pegging compensation to company performance and demand. Most experts expected the automakers, which all posted operating profits this year for the first time since 2004, to win a deal that will allow them to stay in the black, even with modest U.S. auto sales.
"We worked hard for a contract that recognizes the realities of today's marketplace, enabling GM to continue to invest in U.S. manufacturing and provide good jobs to thousands of Americans," said a statement from Cathy Clegg, GM vice president, Labor Relations.
But other details about the contract, including any changes in base pay or in the two-tier wage system now in place at the company, were not announced. The union will now present the agreement to rank-and-file members, whose ratification is needed for it to go into effect.
The union had sought to improve the pay of entry-level employees, who are now paid between $14 and $17 an hour. That compares to the $28 and $38 an hour veteran UAW members can earn at the Big Three.
The contracts between the UAW and GM, Ford Motor (F, Fortune 500) and Chrysler Group had been due to expire at 11:59 p.m. on September 14. The union granted Ford an extension in advance of the deadline, as it concentrated on reaching a deal with GM and Chrysler. The union is expected to seek a slightly better contract agreement from Ford, the only U.S. automaker that didn't need a bailout or bankruptcy protection.
When it couldn't reach a deal by the Wednesday night deadline, the union granted an indefinite extension to the other two automakers as well.
Chrysler CEO Sergio Marchionne was unhappy with his company taking a backseat to GM in the talks, writing an angry letter to King complaining that the two had been unable to meet before the contract expiration. Talks between the top officials at Chrysler and the union are expected to resume early this week when Marchionne returns to the United States. He is also CEO of Italian automaker Fiat, which owns a majority stake in Chrysler.
Dan Regovich - Plastics Recruiter & Plastic Packaging Recruiter
AJ Augur Group, LLC
440-357-7600
www.ajaugur.com
dregovich@ajaugur.com
Plastics Jobs Recruiter
Plastics Recruiters
Formerly with RSI Recruiter Solutions International, VP Plastics & Filtration
Within the plastics industry, we service comanies with the following technologies: injection molding, blow molding, extrusion blow molding, injection blow molding, multilayer blow molding, thermoforming, cast extrusion, profile extrusion, extruded film, blown film, plastic film, rotational molding/rotomolding, plastic sheet, calendaring, casting, compression/transfer molding, foam molding, pultrusion, resin, color and compounding,
The primary end markets that these products go into: aerospace, agriculture, apparel/garment bagsappliances, automotive/transportation, beverage, building/construction, computers, consumer products, containers/closures, fencing, fiber optics, flooring, food service, grocery bags, electical/electronics, food pacakaging, household chemicals, household-care packaging, industrial, irrigation, labels, laminations, lawn & garden, marine, medical/pharmaceutical, municipal water & sewer, office products, personal-care packaging, plastic cups/lids, recreational, signage & displays, shrink film, stretch film, swimming pools/spas, tanks agricultural/industrial, telecommunications, toys, trash bags,
Types of Materials: ABS, Acetal, Acrylic, Fluoropolymers, HDPE, HMWHDPE, LDPE, LLDPE, Nylon, PC, PET, PETG, PEX, PLA, Post-Consumer Resin, PP, PPO/PPE, PS/EPS, PVC, PVDC, SAN/SMA, Thermosets, TPE
injection molding head hunter / executive recruiter
blown film head hunter / executive recruiter
blow molding head hunter / executive recruiter
plastic flexible packaging head hunter / executive recruiter
http://money.cnn.com/2011/09/17/news/companies/gm_uaw_agreement/index.htm?source=cnn_bin&hpt=hp_bn3
General Motors and the United Auto Workers union reached a tentative agreement on a new labor deal late Friday, the first since the federal bailout and bankruptcy at the company two years ago.
The agreement was reached just after 11 p.m. Friday. It covers about 48,500 UAW members at the nation's largest automaker.
411Print
It includes guarantees of "significant investments and products for our plants," according to a statement by UAW President Bob King. That new investment will result in a rehiring of an undisclosed number of workers who lost their jobs during recent downsizings. Guarantees on products and investment was the union's major goal in these talks.
The contract also includes improved profit sharing payments for members, the main goal of all three automakers, that will mean a greater part of pay and benefit packages will be tied to the performance of the company.
King said the profit sharing improvement was a big win for his members.
"When GM was struggling, our members shared in the sacrifice. Now that the company is posting profits again, our members want to share in the success," he said.
GM said the new contract will allow it to be competitive by pegging compensation to company performance and demand. Most experts expected the automakers, which all posted operating profits this year for the first time since 2004, to win a deal that will allow them to stay in the black, even with modest U.S. auto sales.
"We worked hard for a contract that recognizes the realities of today's marketplace, enabling GM to continue to invest in U.S. manufacturing and provide good jobs to thousands of Americans," said a statement from Cathy Clegg, GM vice president, Labor Relations.
But other details about the contract, including any changes in base pay or in the two-tier wage system now in place at the company, were not announced. The union will now present the agreement to rank-and-file members, whose ratification is needed for it to go into effect.
The union had sought to improve the pay of entry-level employees, who are now paid between $14 and $17 an hour. That compares to the $28 and $38 an hour veteran UAW members can earn at the Big Three.
The contracts between the UAW and GM, Ford Motor (F, Fortune 500) and Chrysler Group had been due to expire at 11:59 p.m. on September 14. The union granted Ford an extension in advance of the deadline, as it concentrated on reaching a deal with GM and Chrysler. The union is expected to seek a slightly better contract agreement from Ford, the only U.S. automaker that didn't need a bailout or bankruptcy protection.
When it couldn't reach a deal by the Wednesday night deadline, the union granted an indefinite extension to the other two automakers as well.
Chrysler CEO Sergio Marchionne was unhappy with his company taking a backseat to GM in the talks, writing an angry letter to King complaining that the two had been unable to meet before the contract expiration. Talks between the top officials at Chrysler and the union are expected to resume early this week when Marchionne returns to the United States. He is also CEO of Italian automaker Fiat, which owns a majority stake in Chrysler.
Dan Regovich - Plastics Recruiter & Plastic Packaging Recruiter
AJ Augur Group, LLC
440-357-7600
www.ajaugur.com
dregovich@ajaugur.com
Plastics Jobs Recruiter
Plastics Recruiters
Formerly with RSI Recruiter Solutions International, VP Plastics & Filtration
Within the plastics industry, we service comanies with the following technologies: injection molding, blow molding, extrusion blow molding, injection blow molding, multilayer blow molding, thermoforming, cast extrusion, profile extrusion, extruded film, blown film, plastic film, rotational molding/rotomolding, plastic sheet, calendaring, casting, compression/transfer molding, foam molding, pultrusion, resin, color and compounding,
The primary end markets that these products go into: aerospace, agriculture, apparel/garment bagsappliances, automotive/transportation, beverage, building/construction, computers, consumer products, containers/closures, fencing, fiber optics, flooring, food service, grocery bags, electical/electronics, food pacakaging, household chemicals, household-care packaging, industrial, irrigation, labels, laminations, lawn & garden, marine, medical/pharmaceutical, municipal water & sewer, office products, personal-care packaging, plastic cups/lids, recreational, signage & displays, shrink film, stretch film, swimming pools/spas, tanks agricultural/industrial, telecommunications, toys, trash bags,
Types of Materials: ABS, Acetal, Acrylic, Fluoropolymers, HDPE, HMWHDPE, LDPE, LLDPE, Nylon, PC, PET, PETG, PEX, PLA, Post-Consumer Resin, PP, PPO/PPE, PS/EPS, PVC, PVDC, SAN/SMA, Thermosets, TPE
injection molding head hunter / executive recruiter
blown film head hunter / executive recruiter
blow molding head hunter / executive recruiter
plastic flexible packaging head hunter / executive recruiter
Thursday, September 15, 2011
Executive Pay - Plastics Recruiter
Interesting article in Plasticsnews.com:
http://www.plasticsnews.com/headlines2.html?id=23118
Executive pay likely to rise again in 2011
By Mike Verespej | PLASTICS NEWS STAFF
Posted September 13, 2011
AKRON, OHIO (Sept. 13, 1:10 p.m. ET) -- Compensation experts agree that executive pay will increase again in 2011. But they are divided on whether that increase will be a small one, or one that is on the same magnitude of the 20 percent increases that were commonplace in 2010.
“That’s a tough question given the big market correction we just went through” in August, said John Ellerman, founding partner of Pay Governance LLC, who works out of the company’s Dallas office. “Up until then, most companies thought 2011 would be a fairly good year with bonuses equivalent to 2010.
“But the fact that shareholders lost so much money” — at least on paper — during that market correction — could change that, Ellerman said. “No one knows if “we are at the end of that correction yet.”
“So much depends on what happens between now and the end of the year,” agreed Andrew Goldstein, a Chicago-based practice leader for executive compensation at Towers Watson of New York. “Bonuses will be below budget in 2011, but they will still be up and long-term incentives grants will be up as well, although not as steep as annual bonuses.
“I expect that when we see 2011 data, we will see LTI up again over 2010, in the neighborhood of 5-10 percent, attributable to stock gains,” Goldstein said.
That’s much the same view as Mick Thompson a principal in the human capital consulting business of New York-based Mercer Inc. “It’s really tough to say, especially relative to annual incentive plans, because there is a lot of 2011 left and a lot of uncertainty in the market,” Thompson said. “But I think they will likely pay out at target or just above target.”
Aaron Boyd, research director for executive compensation research firm Equilar Inc. in Redwood Shores, Calif., said: “For 2011, the crystal ball gets a little murky. But I suspect that pay will be flat, or even a little down, because we saw such a big increase in 2010 over 2009.”
However, James Reda, managing director of James F. Reda & Associates LLC in New York, thinks 2011 will be another strong pay year for executives. “A lot of pay is pegged to [earnings before income, taxes, depreciation and amortization] and EBITDA is not going to change that much in the next six months,” said Reda. “I don’t think everything will fall off like it did in 2008 and 2009. So I think companies will meet goals and have a decent short-term and LTI payout.
“I don’t know of many companies that dialed in an aggressive growth for 2011, so 2011 will probably not be a bad year for LTI and annual pay,” he said.
Regardless, executive pay packages will continue to rise — even if worker pay levels remain flat or stagnant, said Deb Nielsen at Kenexa Compensation of Wayne, Pa.
“The average worker is just not going to see much increase in salary. Absolutely not,” she said. That’s because, in the eyes of the corporation, workers “have less control over results.”
Conversely, overall executive pay packages will continue “at high levels and continue to increase,” said Nielsen, who is Boston-based director of data operations and executive compensation for Kenexa, which late last year acquired salary.com.
“Companies fear that if they don’t offer the right package, it will put the company at a competitive disadvantage” in retaining or attracting the right person either to “turn the company around or drive performance.” Nielson said.
“You are not going to see them back away from an executive for a few extra dollars.”
That means there will continue to be disconnects between annual incentive payouts to executives for one-year performance and total shareholder return.
Just one example: In 2010, Mega Brands Inc. President and CEO Marc Bertrand received a non-equity incentive plan payout of nearly $480,000 when the one-year total shareholder return declined by 38 percent.
On the other end of the spectrum, TSR at packaging firm Winpak Ltd. jumped 30 percent from 2009-10, but none of the executive team received an NEIP payout.
Overall, 21 companies in the PN rankings posted positive one-year TSR in 2010, ranging from 3-222 percent, with nine firm posting one-year TSR declines of 3-60 percent. One-year TSR numbers were not available at the other five companies.
Three-year TSR was a different story, with 14 firms posting a positive return of between 1 and 41 percent, 15 posting negative three-year TSR of between 3 and 53 percent and one firm showing a flat TSR over three years. Again, three-year TSR numbers were not available for the same five companies.
Most PN-ranked executives profited financially from their firms’ one-year corporate performances — as 115 of the top 150 executives received NEIP payouts in 2010, with 17 of them at $1 million or more. That compares to 2009 when 108 executives received NEIP payouts, with just 14 of them over $1 million.
As a result, both the average and median NEIP payouts jumped in 2010. The average NEIP payout in 2010 increased 157 percent from just under $332,000 in 2009 to more than $856,000 in 2010 — though mostly because Magna International Inc. execs, particularly Chairman Frank Stronach, took home huge profit-sharing bonuses. The median NEIP payout for the PN top 150 executives in 2010 rose by 26.8 percent to $195,390, from $155,611 the year before.
Dan Regovich - Plastics Recruiter & Plastic Packaging Recruiter
AJ Augur Group, LLC
440-357-7600
www.ajaugur.com
dregovich@ajaugur.com
Plastics Jobs Recruiter
Plastics Recruiters
Formerly with RSI Recruiter Solutions International, VP Plastics & Filtration
Within the plastics industry, we service comanies with the following technologies: injection molding, blow molding, extrusion blow molding, injection blow molding, multilayer blow molding, thermoforming, cast extrusion, profile extrusion, extruded film, blown film, plastic film, rotational molding/rotomolding, plastic sheet, calendaring, casting, compression/transfer molding, foam molding, pultrusion, resin, color and compounding,
The primary end markets that these products go into: aerospace, agriculture, apparel/garment bagsappliances, automotive/transportation, beverage, building/construction, computers, consumer products, containers/closures, fencing, fiber optics, flooring, food service, grocery bags, electical/electronics, food pacakaging, household chemicals, household-care packaging, industrial, irrigation, labels, laminations, lawn & garden, marine, medical/pharmaceutical, municipal water & sewer, office products, personal-care packaging, plastic cups/lids, recreational, signage & displays, shrink film, stretch film, swimming pools/spas, tanks agricultural/industrial, telecommunications, toys, trash bags,
Types of Materials: ABS, Acetal, Acrylic, Fluoropolymers, HDPE, HMWHDPE, LDPE, LLDPE, Nylon, PC, PET, PETG, PEX, PLA, Post-Consumer Resin, PP, PPO/PPE, PS/EPS, PVC, PVDC, SAN/SMA, Thermosets, TPE
injection molding head hunter / executive recruiter
blown film head hunter / executive recruiter
blow molding head hunter / executive recruiter
plastic flexible packaging head hunter / executive recruiter
http://www.plasticsnews.com/headlines2.html?id=23118
Executive pay likely to rise again in 2011
By Mike Verespej | PLASTICS NEWS STAFF
Posted September 13, 2011
AKRON, OHIO (Sept. 13, 1:10 p.m. ET) -- Compensation experts agree that executive pay will increase again in 2011. But they are divided on whether that increase will be a small one, or one that is on the same magnitude of the 20 percent increases that were commonplace in 2010.
“That’s a tough question given the big market correction we just went through” in August, said John Ellerman, founding partner of Pay Governance LLC, who works out of the company’s Dallas office. “Up until then, most companies thought 2011 would be a fairly good year with bonuses equivalent to 2010.
“But the fact that shareholders lost so much money” — at least on paper — during that market correction — could change that, Ellerman said. “No one knows if “we are at the end of that correction yet.”
“So much depends on what happens between now and the end of the year,” agreed Andrew Goldstein, a Chicago-based practice leader for executive compensation at Towers Watson of New York. “Bonuses will be below budget in 2011, but they will still be up and long-term incentives grants will be up as well, although not as steep as annual bonuses.
“I expect that when we see 2011 data, we will see LTI up again over 2010, in the neighborhood of 5-10 percent, attributable to stock gains,” Goldstein said.
That’s much the same view as Mick Thompson a principal in the human capital consulting business of New York-based Mercer Inc. “It’s really tough to say, especially relative to annual incentive plans, because there is a lot of 2011 left and a lot of uncertainty in the market,” Thompson said. “But I think they will likely pay out at target or just above target.”
Aaron Boyd, research director for executive compensation research firm Equilar Inc. in Redwood Shores, Calif., said: “For 2011, the crystal ball gets a little murky. But I suspect that pay will be flat, or even a little down, because we saw such a big increase in 2010 over 2009.”
However, James Reda, managing director of James F. Reda & Associates LLC in New York, thinks 2011 will be another strong pay year for executives. “A lot of pay is pegged to [earnings before income, taxes, depreciation and amortization] and EBITDA is not going to change that much in the next six months,” said Reda. “I don’t think everything will fall off like it did in 2008 and 2009. So I think companies will meet goals and have a decent short-term and LTI payout.
“I don’t know of many companies that dialed in an aggressive growth for 2011, so 2011 will probably not be a bad year for LTI and annual pay,” he said.
Regardless, executive pay packages will continue to rise — even if worker pay levels remain flat or stagnant, said Deb Nielsen at Kenexa Compensation of Wayne, Pa.
“The average worker is just not going to see much increase in salary. Absolutely not,” she said. That’s because, in the eyes of the corporation, workers “have less control over results.”
Conversely, overall executive pay packages will continue “at high levels and continue to increase,” said Nielsen, who is Boston-based director of data operations and executive compensation for Kenexa, which late last year acquired salary.com.
“Companies fear that if they don’t offer the right package, it will put the company at a competitive disadvantage” in retaining or attracting the right person either to “turn the company around or drive performance.” Nielson said.
“You are not going to see them back away from an executive for a few extra dollars.”
That means there will continue to be disconnects between annual incentive payouts to executives for one-year performance and total shareholder return.
Just one example: In 2010, Mega Brands Inc. President and CEO Marc Bertrand received a non-equity incentive plan payout of nearly $480,000 when the one-year total shareholder return declined by 38 percent.
On the other end of the spectrum, TSR at packaging firm Winpak Ltd. jumped 30 percent from 2009-10, but none of the executive team received an NEIP payout.
Overall, 21 companies in the PN rankings posted positive one-year TSR in 2010, ranging from 3-222 percent, with nine firm posting one-year TSR declines of 3-60 percent. One-year TSR numbers were not available at the other five companies.
Three-year TSR was a different story, with 14 firms posting a positive return of between 1 and 41 percent, 15 posting negative three-year TSR of between 3 and 53 percent and one firm showing a flat TSR over three years. Again, three-year TSR numbers were not available for the same five companies.
Most PN-ranked executives profited financially from their firms’ one-year corporate performances — as 115 of the top 150 executives received NEIP payouts in 2010, with 17 of them at $1 million or more. That compares to 2009 when 108 executives received NEIP payouts, with just 14 of them over $1 million.
As a result, both the average and median NEIP payouts jumped in 2010. The average NEIP payout in 2010 increased 157 percent from just under $332,000 in 2009 to more than $856,000 in 2010 — though mostly because Magna International Inc. execs, particularly Chairman Frank Stronach, took home huge profit-sharing bonuses. The median NEIP payout for the PN top 150 executives in 2010 rose by 26.8 percent to $195,390, from $155,611 the year before.
Dan Regovich - Plastics Recruiter & Plastic Packaging Recruiter
AJ Augur Group, LLC
440-357-7600
www.ajaugur.com
dregovich@ajaugur.com
Plastics Jobs Recruiter
Plastics Recruiters
Formerly with RSI Recruiter Solutions International, VP Plastics & Filtration
Within the plastics industry, we service comanies with the following technologies: injection molding, blow molding, extrusion blow molding, injection blow molding, multilayer blow molding, thermoforming, cast extrusion, profile extrusion, extruded film, blown film, plastic film, rotational molding/rotomolding, plastic sheet, calendaring, casting, compression/transfer molding, foam molding, pultrusion, resin, color and compounding,
The primary end markets that these products go into: aerospace, agriculture, apparel/garment bagsappliances, automotive/transportation, beverage, building/construction, computers, consumer products, containers/closures, fencing, fiber optics, flooring, food service, grocery bags, electical/electronics, food pacakaging, household chemicals, household-care packaging, industrial, irrigation, labels, laminations, lawn & garden, marine, medical/pharmaceutical, municipal water & sewer, office products, personal-care packaging, plastic cups/lids, recreational, signage & displays, shrink film, stretch film, swimming pools/spas, tanks agricultural/industrial, telecommunications, toys, trash bags,
Types of Materials: ABS, Acetal, Acrylic, Fluoropolymers, HDPE, HMWHDPE, LDPE, LLDPE, Nylon, PC, PET, PETG, PEX, PLA, Post-Consumer Resin, PP, PPO/PPE, PS/EPS, PVC, PVDC, SAN/SMA, Thermosets, TPE
injection molding head hunter / executive recruiter
blown film head hunter / executive recruiter
blow molding head hunter / executive recruiter
plastic flexible packaging head hunter / executive recruiter
Monday, September 12, 2011
Plastics Recruiter - Faith
Practice Being Like a Child by Jim Rohn
Remember the master teacher said 2000 years ago, “Unless you can become like little children, your chances are zero, you haven’t got a prayer.” A major consideration for adults.
Be like children and remember there are four ways to be more like a child no matter how old you get –
1) Curiosity - Be curious. Childish curiosity. Learn to be curious like a child. What will kids do if they want to know something bad enough? You’re right. They will bug you. Kids can ask a million questions. You think they’re through. They’ve got another million. They will keep plaguing you. They can drive you right to the brink.
Also kids use their curiosity to learn. Have you ever noticed that while adults are stepping on ants, children are studying them? A child’s curiosity is what helps them to reach, learn and grow.
2) Excitement - Learn to get excited like a child. There is nothing that has more magic than childish excitement. So excited you hate to go to bed at night. Can’t wait to get up in the morning. So excited that you’re about to explode. How can anyone resist that kind of childish magic? Now, once in awhile I meet someone who says, “Well, I’m a little too mature for all that childish excitement.” Isn’t that pitiful? You’ve got to weep for these kinds of people. All I’ve got to say is, “If you’re too old to get excited, you’re old.” Don’t get that old.
3) Faith - Faith like a child. Faith is childish. How else would you describe it? Some people say, “Let’s be adult about it.” Oh no. No. Adults too often have a tendency to be overly skeptical. Some adults even have a tendency to be cynical. Adults say, “Yeah. I’ve heard that old positive line before. It will be a long day in June before I fall for that positive line. You’ve got to prove to me it’s any good.” See, that’s adult, but kids aren’t that way. Kids think you can get anything. They are really funny. You tell kids, “We’re going to have three swimming pools.” And they say, “Yeah. Three. One each. Stay out of my swimming pool.” See, they start dividing them up right away, but adults are not like that. Adults say, “Three swimming pools? You’re out of your mind. Most people don’t even have one swimming pool. You’ll be lucky to get a tub in the back yard.” You notice the difference? No wonder the master teacher said, “Unless you can become like little children, your chances, they’re skinny.”
4) Trust - Trust is a childish virtue, but it has great merit. Have you heard the expression “sleep like a baby”? That’s it. Childish trust. After you’ve gotten an A+ for the day, leave it in somebody else’s hands.
Curiosity, excitement, faith and trust. Wow, what a powerful combination to bring (back) into our lives.
—Jim Rohn
Dan Regovich - Plastics Recruiter & Plastic Packaging Recruiter
AJ Augur Group, LLC
440-357-7600
www.ajaugur.com
dregovich@ajaugur.com
Plastics Jobs Recruiter
Plastics Recruiters
Formerly with RSI Recruiter Solutions International, VP Plastics & Filtration
Within the plastics industry, we service comanies with the following technologies: injection molding, blow molding, extrusion blow molding, injection blow molding, multilayer blow molding, thermoforming, cast extrusion, profile extrusion, extruded film, blown film, plastic film, rotational molding/rotomolding, plastic sheet, calendaring, casting, compression/transfer molding, foam molding, pultrusion, resin, color and compounding,
The primary end markets that these products go into: aerospace, agriculture, apparel/garment bagsappliances, automotive/transportation, beverage, building/construction, computers, consumer products, containers/closures, fencing, fiber optics, flooring, food service, grocery bags, electical/electronics, food pacakaging, household chemicals, household-care packaging, industrial, irrigation, labels, laminations, lawn & garden, marine, medical/pharmaceutical, municipal water & sewer, office products, personal-care packaging, plastic cups/lids, recreational, signage & displays, shrink film, stretch film, swimming pools/spas, tanks agricultural/industrial, telecommunications, toys, trash bags,
Types of Materials: ABS, Acetal, Acrylic, Fluoropolymers, HDPE, HMWHDPE, LDPE, LLDPE, Nylon, PC, PET, PETG, PEX, PLA, Post-Consumer Resin, PP, PPO/PPE, PS/EPS, PVC, PVDC, SAN/SMA, Thermosets, TPE
injection molding head hunter
blown film head hunter
blow molding head hunter
plastic flexible packaging head hunter
Dan Regovich - Plastics Recruiter & Plastic Packaging Recruiter
AJ Augur Group, LLC
440-357-7600
www.ajaugur.com
dregovich@ajaugur.com
Remember the master teacher said 2000 years ago, “Unless you can become like little children, your chances are zero, you haven’t got a prayer.” A major consideration for adults.
Be like children and remember there are four ways to be more like a child no matter how old you get –
1) Curiosity - Be curious. Childish curiosity. Learn to be curious like a child. What will kids do if they want to know something bad enough? You’re right. They will bug you. Kids can ask a million questions. You think they’re through. They’ve got another million. They will keep plaguing you. They can drive you right to the brink.
Also kids use their curiosity to learn. Have you ever noticed that while adults are stepping on ants, children are studying them? A child’s curiosity is what helps them to reach, learn and grow.
2) Excitement - Learn to get excited like a child. There is nothing that has more magic than childish excitement. So excited you hate to go to bed at night. Can’t wait to get up in the morning. So excited that you’re about to explode. How can anyone resist that kind of childish magic? Now, once in awhile I meet someone who says, “Well, I’m a little too mature for all that childish excitement.” Isn’t that pitiful? You’ve got to weep for these kinds of people. All I’ve got to say is, “If you’re too old to get excited, you’re old.” Don’t get that old.
3) Faith - Faith like a child. Faith is childish. How else would you describe it? Some people say, “Let’s be adult about it.” Oh no. No. Adults too often have a tendency to be overly skeptical. Some adults even have a tendency to be cynical. Adults say, “Yeah. I’ve heard that old positive line before. It will be a long day in June before I fall for that positive line. You’ve got to prove to me it’s any good.” See, that’s adult, but kids aren’t that way. Kids think you can get anything. They are really funny. You tell kids, “We’re going to have three swimming pools.” And they say, “Yeah. Three. One each. Stay out of my swimming pool.” See, they start dividing them up right away, but adults are not like that. Adults say, “Three swimming pools? You’re out of your mind. Most people don’t even have one swimming pool. You’ll be lucky to get a tub in the back yard.” You notice the difference? No wonder the master teacher said, “Unless you can become like little children, your chances, they’re skinny.”
4) Trust - Trust is a childish virtue, but it has great merit. Have you heard the expression “sleep like a baby”? That’s it. Childish trust. After you’ve gotten an A+ for the day, leave it in somebody else’s hands.
Curiosity, excitement, faith and trust. Wow, what a powerful combination to bring (back) into our lives.
—Jim Rohn
Dan Regovich - Plastics Recruiter & Plastic Packaging Recruiter
AJ Augur Group, LLC
440-357-7600
www.ajaugur.com
dregovich@ajaugur.com
Plastics Jobs Recruiter
Plastics Recruiters
Formerly with RSI Recruiter Solutions International, VP Plastics & Filtration
Within the plastics industry, we service comanies with the following technologies: injection molding, blow molding, extrusion blow molding, injection blow molding, multilayer blow molding, thermoforming, cast extrusion, profile extrusion, extruded film, blown film, plastic film, rotational molding/rotomolding, plastic sheet, calendaring, casting, compression/transfer molding, foam molding, pultrusion, resin, color and compounding,
The primary end markets that these products go into: aerospace, agriculture, apparel/garment bagsappliances, automotive/transportation, beverage, building/construction, computers, consumer products, containers/closures, fencing, fiber optics, flooring, food service, grocery bags, electical/electronics, food pacakaging, household chemicals, household-care packaging, industrial, irrigation, labels, laminations, lawn & garden, marine, medical/pharmaceutical, municipal water & sewer, office products, personal-care packaging, plastic cups/lids, recreational, signage & displays, shrink film, stretch film, swimming pools/spas, tanks agricultural/industrial, telecommunications, toys, trash bags,
Types of Materials: ABS, Acetal, Acrylic, Fluoropolymers, HDPE, HMWHDPE, LDPE, LLDPE, Nylon, PC, PET, PETG, PEX, PLA, Post-Consumer Resin, PP, PPO/PPE, PS/EPS, PVC, PVDC, SAN/SMA, Thermosets, TPE
injection molding head hunter
blown film head hunter
blow molding head hunter
plastic flexible packaging head hunter
Dan Regovich - Plastics Recruiter & Plastic Packaging Recruiter
AJ Augur Group, LLC
440-357-7600
www.ajaugur.com
dregovich@ajaugur.com
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