86% of workers will get raises this year … will you?
Brrrr! 2009 was “The Year of the Salary Freeze” at many companies. The good news: Things will be thawing in the new year … for most people.
What a difference a year makes! Last year, nearly one in three employers (30%) just said “no” to salary increases for their people.
Looks like companies of all sizes and in all industries are feeling more optimistic this year.
The number of firms freezing salaries has been slashed going into 2010. Now just 14% of companies say they’ll hold steady on compensation.
Reality check: That doesn’t mean organizations will be lavishing huge raises on people.
So how does your company compare to your peers in terms of salary benchmarks for 2010? Check out these new stats from Mercer Consulting’s 2009/2010 U.S. Compensation Planning Survey Update:
Of course, certain industries will buck the trend. Companies in Education, Durable Goods, Services and Energy are all more likely to keep salaries frozen at a rate above the 14% average (30%, 20%, 18% and 15% respectively).
- Share on
Free Training & Resources
White Papers
Provided by UJET
Further Reading
It’s no surprise that a medical expense like a dental exam can be paid or reimbursed under an HSA, but what did IRS recently say abou...
Many paycheck-advance products, such as earned-wage access, are consumer loans, the Consumer Financial Protection Bureau (CFPB) recently st...
When a natural disaster hits, you’ll be focused on ensuring your people and property are safe. Details like tax deadlines may not be ...
If employees’ Family and Medical Leave Act (FMLA) entitlements are impermissibly reduced, your company may face legal consequences. ...
Does dual-role scheduling put your overtime compliance at risk? A new DOL opinion letter says it depends on the specific facts of the arran...
IRS has given employers two extra years to implement a Secure 2.0 Act provision that’s bringing tax changes for certain retirement pl...
