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Salary survey: Pay increases average less than 3%

Companies are limiting salary increases to less than 3%, according to a 2009-2010 salary survey published by Compensation Resources, Inc. (CRI, www.CompensationResources.com).

Data from 302 participants was compiled from survey questions that were developed by CRI and distributed to companies in more than 20 industries, in addition to not-for-profit organizations. The survey sampled compensation data from a variety of organizations, collected in August and September 2009.

Companies continued to be very cautious in 2009 relative to their compensation budgets, and caution will persist into 2010. Not only have budgets been affected, but companies are still experiencing layoffs, hiring freezes, pay reductions, and givebacks.

Because many companies have budged 0% for merit increases in 2009, CRI reported results in two separate dimensions:

• Zero’s included: Data was calculated representing all participant responses, including those that indicated 0% salary increase budgets for 2009 and 2010. On average, reported 2010 merit increase budgets in this category range overall from 2.1% and 2.9% for the various employee groups captured.

• Zero’s excluded: Data was calculated representing responses from organizations that have provided salary increases in 2009 and budgeted for salary increases for 2010. On average, reported merit increase budgets for companies who have established a budget for 2010 range from 3.0% and 3.6% for the various employee groups captured.

About Compensation Resources, Inc. (CRI): CRI provides compensation and human resource consulting services to mid- and small-cap public companies, private, family-owned, and closely-held firms, as well as not-for-profit organizations.


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