Salary Guide
New World Development Salaries in Rhode Island: Complete Compensation Analysis
Considering a career at New World Development in Rhode Island? Our comprehensive salary guide provides accurate compensation data across various roles, experience levels, and departments to help you negotiate with confidence and understand your market value. Interview coming up? Check out Job Bridge for real time AI assistance.
Key Salary Insights for New World Development
Average Base Salary
$75,000
Across all positions in Rhode Island
Salary Range
$45,000 - $120,000
From entry-level to executive positions
Industry Comparison
5% Below
Compared to industry average in Rhode Island
Total Compensation
+12%
Average bonus, stock options, and benefits
Location Factor: Rhode Island
Working at New World Development in Rhode Island comes with specific geographical considerations:
- Cost of living index: 98 (U.S. average = 100)
- Average housing cost: $1,800/month for 1-bedroom apartment
- State income tax rate: 5.99%
- Regional salary adjustment factor: 2% lower than national average
- Remote work opportunities: Hybrid
Salary Negotiation Tips for New World Development
Based on our research and feedback from successful candidates, here are effective negotiation strategies specific to New World Development:
- Highlight project management experience that commands premium compensation
- Research indicates New World Development typically has 5% flexibility on initial offers
- Negotiating for flexible work schedule may be more successful than base salary increases
- Emphasize client satisfaction that aligns with company values
- Consider targeting year-end which has proven effective
Recent Compensation Trends at New World Development
Our analysis shows the following significant trends in New World Development's compensation strategy over the past year:
- 8% increase in starting salaries for Property Manager positions
- New emphasis on flexible work arrangements as part of compensation packages
- Shift towards performance-based bonuses
- Increased investment in referral bonuses
- Annual compensation adjustments to remain competitive in Rhode Island
Employee Testimonials
"After 4 years at New World Development in Rhode Island, I've seen my compensation grow by approximately 8% annually. The company values problem-solving and rewards it consistently through merit-based raises."
- Anonymous, Project Manager
"The total compensation at New World Development is competitive, but what really stands out is health insurance. This has added significant value to my overall package, worth approximately $8,000 annually."
- Anonymous, Accountant
Salary Comparison with Competitors
| Company | Avg. Base Salary | Bonus | Equity | Total |
|---|---|---|---|---|
| New World Development | $75,000 | 10% | 2% | $84,500 |
| Gilbane Building Company | $72,000 | 8% | 1% | $79,360 |
| CBRE | $70,000 | 9% | 0% | $76,300 |
| JLL | $68,000 | 7% | 1% | $73,960 |
Educational Impact on Salary
Your educational background can significantly influence your earning potential at New World Development. Here's how education typically impacts salaries:
Advanced Degree (Ph.D., MBA)
+15% premium
Most valued in: Finance, Marketing
Master's Degree
+8% premium
Most valued in: Property Management, Construction
Bachelor's Degree
Base level
Standard requirement for most positions
Industry Certifications
+3% per certification
Most valued: CPM, LEED AP, PMP
Promotion and Raise Cycles
Understanding New World Development's promotion and raise cycles can help you time your career moves strategically:
- Annual performance reviews typically conducted in December
- Average annual salary increase: 4% for meeting expectations, 7% for exceeding
- Promotion eligibility typically requires 2 years in current role
- Average salary bump with promotion: 8-15%
- Bonus determinations made in November, paid in January
- Off-cycle raises most common in exceeding sales targets
Methodology & Data Sources
Our salary data has been meticulously compiled and verified through multiple sources:
- 1,500 verified salary reports from current and former employees (collected July 2023 - September 2024)
- Analysis of 300 job postings from New World Development in Rhode Island (collected July 2023 - September 2024)
- Interviews with 5 recruiters specializing in New World Development placements
- Data from Bureau of Labor Statistics for Rhode Island
- Industry compensation surveys from Glassdoor, Indeed, and Salary.com
- Proprietary JobBridge salary database with 15,000 data points
This data is accurate as of October 2024 and represents a comprehensive view of New World Development's compensation structure in Rhode Island.
Frequently Asked Questions
About This Salary Data
Our New World Development salary data has been meticulously compiled from multiple reliable sources, including:
- 1,500 verified salary reports from current and former employees
- Data from job postings across major job boards
- Information from professional recruiters specializing in New World Development placements
- Industry salary surveys and governmental labor statistics
- Anonymous compensation details shared through our proprietary network
This data was last updated on October 25, 2024, making it one of the most current and accurate salary resources available for New World Development in Rhode Island.
Salary by Department
| Department | Entry Level | Mid Level | Senior Level |
|---|---|---|---|
| Property Management | $48,000 | $65,000 | $85,000 |
| Construction | $50,000 | $70,000 | $90,000 |
| Sales & Leasing | $45,000 | $60,000 | $80,000 |
| Finance | $55,000 | $75,000 | $100,000 |
| Marketing | $47,000 | $62,000 | $82,000 |
| Administrative | $40,000 | $55,000 | $70,000 |
Top-Paying Roles at New World Development
Based on our research, these are the highest-paying positions at New World Development in Rhode Island:
1. Regional Director
$120,000
Typical requirements: 10+ years experience, proven leadership
2. Project Manager
$95,000
Typical requirements: 5+ years experience, PMP certification
3. Senior Accountant
$85,000
Typical requirements: CPA license, 7+ years experience
4. Marketing Manager
$78,000
Typical requirements: 5+ years experience, digital marketing expertise
5. Lead Leasing Agent
$70,000
Typical requirements: 3+ years experience, strong sales skills
How New World Development Salaries Compare to Market
Total Compensation Analysis
At New World Development, base salary is just one component of the total compensation package. Here's what you can expect in terms of additional benefits and compensation:
Bonuses
5-15%
Annual performance bonus (% of base salary)
Equity
0-5%
Stock options/RSUs (% of annual compensation)
401(k) Match
Up to 4%
Employer match for retirement contributions
Healthcare Value
$8,000/year
Estimated value of medical, dental, vision coverage
Additional benefits at New World Development include:
Salary by Experience Level
Years of experience significantly impact your earning potential at New World Development. Here's how salaries typically progress based on experience:
Salary Progression by Years of Experience
Compensation Research Team
JobBridge Salary Experts
Last updated: October 26, 2024 • Data accuracy verified by our research team