The Compensation Data Services 2009 survey results show pay increase budgets have fallen to 2.5 percent. Although pay increase budgets are down this year, the services organizations surveyed have projected a slight uptick in 2010 of 2.7 percent. These numbers further reinforce predictions of little economic growth in the coming year.
The Compensation Data Not-For-Profit 2009 survey results show pay increase budgets have fallen to 2.4 percent. With pay increase budgets down in 2009, survey respondents project a further decrease in 2010 to 1.9 percent. These numbers further reinforce predictions of little economic growth in the coming year.
The Compensation Data Services results found non-formulary and formulary co-pays have increased in the last three years.
The 2009 Compensation Data Healthcare survey results found at least 95 percent of healthcare organizations offer prescription drug coverage as part of their PPO, Indemnity, HMO or POS medical plan offerings.
Compounding economic pressures, most U.S. organizations providing services saw an increase in their health insurance premium. Although the average premium increase had been decreasing in previous years, the numbers are up again. The 2009 Compensation Data Services results showed the average premium increase was 10.7 percent for all plan types this year.
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Whether adding safety incentives, gaining ISO 9000 certification or using lean practices, the manufacturing industry utilizes a number of unique methods to keep quality and efficiency high in their organizations. The 2009 Compensation Data Manufacturing survey collected data on each of these tactics to determine the degree to which they are used.
The 2008 Compensation Data results showed just over half, or 57.9 percent, of the employers surveyed have a severance policy in place.