In news issued today, The Conference Board (a not-for-profit research and business membership organization) reports that salary increases for most salaried employees will average around 3.5% this year and stay at that same level for 2007. Summary salary increase statistics from the report (covering nearly 500 companies) are detailed below.
Median Salary Increase Budget - 2006 Actual
Nonexempt 3.5%
Exempt 3.5%
Executive 3.6%
Median Salary Increase Budget - 2007 Estimated
Nonexempt 3.5%
Exempt 3.5%
Executive 3.8%
According to the report, salary structure adjustments (organizations with formal salary grade and range structures will review and adjust these on a periodic, often annual, basis) show a slight uptick for most salaried employees, from 2.5% in 2006 to 2.7% in 2007. Summary structure adjustment statistics from the report are detailed below.
Median Structure Adjustment - 2006 Actual
Nonexempt 2.5%
Exempt 2.5%
Executive 2.5%
Median Structure Adjustment - 2007 Estimated
Nonexempt 2.7%
Exempt 2.7%
Executive 2.5%
To learn more about The Conference Board Report click here.
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