Raise budgets slip slightly in healthcare industry

May 10, 2011    

Original Article: KansasCity.com

By: Diane Stafford

This year’s pay increase budgets in the healthcare industry are averaging 2.4 percent, a slight decline from 2.5 percent in 2010.

A survey released today by Compensation Data said that the 2.4 percent figure reflects a smaller decline than occurred from 2008 to 2009 and from 2009 to 2010.

“Employers are taking a conservative approach, and we expect only a gradual increase over the next few years,” said Amy Kaminski, marketing director for Compdata Surveys.

The survey found that about two-thirds of the pay increase budgets are allocated to merit raises. Only 1 in 10 are giving cost-of-living increases.

Original Article: KansasCity.com

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