As organizations balance the effects of the recession, utility organizations see lower pay range adjustments while the time between adjustments grows longer, according to the 2011 Compensation Data Utilities results. The actual pay range adjustment of 1.9 percent in 2011 dropped from the 2.2 percent adjustment in 2010, but came in above the projected 1.8 percent for this year.
Pay range adjustments are beginning to occur significantly less often, with an average of 11.1 months since the last adjustment reported this year. In 2010, participating organizations indicated waiting 9.6 months between adjustments.
“In light of the recent setback for the economy, employers may become even more cautious in the coming years,” said Amy Kaminski, director of marketing for Compdata Surveys, the nation’s leading pay and benefits survey data provider. “A conservative approach may soon become the norm instead of the exception for many organizations.”
Overall, utilities organizations vary in how they treat employees going over the range maximum. According to the results, 82.6 percent of participating natural gas companies reported withholding increases while 69.8 percent of electric power businesses did so this year. More than 75 percent of all reporting utilities organizations reported withholding increases. The results also indicated lump sum increases were offered by 71.2 percent of utility companies in 2011.
About the Survey
Compensation Data 2011 Utilities surveyed 115 industry-specific job titles and 350 benchmark titles ranging from entry-level to top executives. Data was collected from nearly 130 utilities employers reporting on more than 1,450 locations across the country. The results provide a comprehensive summary of pay data, benefit information and pay practices with an effective date of February 1, 2011.
Compdata Surveys is the nation’s leading compensation and benefits survey data provider. Thousands of U.S. organizations provide data each year ensuring the reliability of our results. Compdata Surveys has been providing comprehensive data at affordable prices to organizations from coast to coast since 1988. For more information about our compensation and benefit surveys, contact Michelle Willis at (800) 300-9570.