MaSSSoftech

MCLEAN, Va.--(Business Wire)--
KnowledgeBank, Inc., an award-winning consulting firm providing human capital
management and organizational effectiveness solutions, has launched the 19th
annual Total Compensation Survey of Mid-Atlantic Technology Companies. The
survey provides the most comprehensive information regarding competitive
market-based salary and incentive data, salary adjustments, cash and equity
incentive plans for executives and technical professionals, and trends in human
resource practices and employee benefit plans.

Technology firms are invited to participate by completing the survey
questionnaire no later than October 2nd, 2009. The data input form is located
atwww.knowledgebank.us.com; respondents can download the survey and return the
completed form to surveysubmission@knowledgebank.us.com. Participating companies
receive a free copy of the summary results in November. Non-participants may
purchase the results for $400.

The survey is dedicated to serving the needs of small-to-medium size technology
companies, including information technology and service firms, interested in
obtaining competitive salary and incentive bonus rates for 35 benchmark jobs,
ranging from the Chief Executive Officer to Programmer Analyst, Senior Software
Developer, Network Engineer/Technician, and Tech Support/Customer Specialist.

"We expect to exceed our 30% growth rate in the number of participating
companies this year. Given current economic conditions, we believe the results
of this year`s survey will provide vital compensation, benefits and HR practices
information for our participants in these challenging times," said Steve
Rosenthal, Vice President & Compensation Practice Leader for KnowledgeBank.
"Last year, amid rapidly deteriorating economic conditions in the latter part of
2008, the survey showed a rapid decline in salary budgets, with many companies
offering no increases at all after many years of average salary increase budgets
of 4.5%. With some experts predicting a gradual improvement in the overall
economy in the next twelve months, this year`s survey will open a window into
the plans of regional technology companies plans for 2010."

The survey is co-sponsored by the following regional technology councils and
other membership-based organizations that serve technology firms throughout the
Mid-Atlantic region. The co-sponsors include:

Eastern PA Technology Council
Fredericksburg Regional SHRM
Greater Richmond Technology Council
Hampton Roads (VA) Technology Council
New Jersey Technology Council
New VA Corridor Technology Council
Northern Virginia Technology Council
Pennsylvania Bio
Small & Emerging Contractors Advisory Forum
Southern Piedmont Technology Council
Technology Council of Central PA
Washington Area Compensation and Benefits Association
West Virginia High Technology Consortium

Key Results and Findings from the 2008 - 2009 Survey

The 2008 - 2009 survey collected data from 143 firms with total employment of
72,811 and incumbent pay data for 13,878 employees. The survey respondent median
revenue was $5.7 million and the median staff size was 24 employees. Nearly
three-fourths of responding companies had annual revenue less than $20 million.
Average actual salary adjustments were 4.2%, with 2009 projected average salary
adjustments of 4.5%.

KnowledgeBank conducted a "pulse" survey in January of 2009 due to the
unprecedented changes in economic conditions in the 4th quarter of 2008 to
capture changes in projected 2009 salary increase budgets. Overall projected
salary increase budgets for 2009 were reduced from 4.5% reported in
August/September to 2.8% in January 2009. Additional findings included:

* Six out of every 10 companies planned on reducing their 2009 salary increases.

* 32% of the companies that reported no change in their revised 2009 projected
salary increases already were projecting 0% increases.
* 40% of the companies that reduced their 2009 projected salary increases
reduced them to a projected 0%.
* 37% of all companies that participated in the "pulse" survey were projecting
no salary increases for 2009.
* Several companies reported that they were reducing salaries by approximately
10%.

About KnowledgeBank

KnowledgeBank`s Compensation Practice serves a diverse range of clients in the
commercial, nonprofit and government sectors, including technology, professional
services firms, government contracting, software, finance, healthcare, real
estate, retail, law, life sciences, manufacturing and construction.

KnowledgeBank is an award winning provider of human capital management,
organizational effectiveness and consulting services to the commercial,
nonprofit and government sectors. The company provides solutions in compensation
and benefits, organization assessment and development, strategic planning,
change management, performance management, employee engagement and retention,
workforce planning, leadership development, coaching, training, compliance,
human capital consulting and interim HR leadership. KB was selected by Inc.
magazine to its list of fastest growing companies in America in 2007 and 2008,
and has been recognized by Washington SmartCEO Magazine as one of the fastest
growing companies in the Greater Washington region for the past three years.

Editor`s note:For more information about KnowledgeBank, Inc. please visit
www.knowledgebank.us.com.





KnowledgeBank, Inc.
Media Contact:
Angela Suarez, 703-725-6716
asuarez@knowledgebank.us.com