Budgets for Pay Increases Fall Slightly in 2010; Modest Rise Expected in 2011

December 21, 2010    

Original Article: Recruiting Trends

Budgets for pay increases have fallen this year, from 2.5 percent in 2009, to 2.2 percent in 2010, finds Compdata Surveys’ 2010 Compensation Data Services report.

Pay increase budgets vary within the industry and across regions, according to the 2010 Compensation Data Service report, whose findings reflect nearly 100 industry-specific job titles and more than 250 benchmark titles ranging from entry-level to top executives.

At 3.3 percent, accounting firms have the highest budget in 2010. Engineering firms follow, at 3 percent, and business services and technology and data processing organizations report pay increase budgets of 2.6 and 2.2 percent, respectively. Media respondents have been experiencing the lowest pay increase budget in 2010, at 1.1 percent. Service organizations in the East and Midwest report pay increase budgets of 2.2 percent, and, at 2.1 percent, organizations in the South and West closely follow.

Encouragingly, Compdata Surveys anticipates a modest return in the percentage for pay increases, to 2.5 percent, in 2011. Regionally, respondents in the West are projecting the highest pay increase budget for 2011 (2.6 percent), and according to professional field, accounting firms are projecting the highest increase, 4.0 percent, and media are projecting the lowest, 1.8 percent.

Original Article: Recruiting Trends

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