Survey: Pay increase budgets rise slightly

July 19, 2011    

Original Article: Dallas Business Journal

Pay increase budgets at U.S. companies has risen to 2.7 percent from 2.2 percent in 2010, according to the 2011 Compensation Data Manufacturing & Distribution survey results.

“There appears to be a level of cautious optimism within the industry in regard to the economy,” said Amy Kaminski, director of marketing for Compdata Surveys, a leading provider of pay and benefit survey data. “Employers are taking a conservative approach, and we expect only a gradual increase over the next few years.”

According to the survey, pay increase budgets are expect to rise further in 2012 to 2.8 percent.

More than 100 industry-specific job titles and 350 benchmark titles that ranged from entry-level workers to top executives were surveyed and data was collected from roughly 1,100 manufacturing and distribution employers. They reported on more than 9,500 locations nationwide.

Compdata Surveys said the pay data, benefit information and pay practices were effective Feb. 1.

Original Article: Dallas Business Journal

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