Compensation Force: Salary Increases to Remain Flat in 2008, Mercer Says

Mercer HR Consulting has released its 2007/08 U.S. Compensation Planning Survey, which features the responses of more than 1,000 employers, projects average pay increases of 3.8% in 2008, the same as the 2007 average.

A summary of 2007/08 salary increase data from the survey:

Executives
- Average budgeted 2007 - 4.1%
- Average projected 2008 - 3.9%
Management
- Average budgeted 2007 - 3.8%
- Average projected 2008 - 3.8%
Professional
- Average budgeted 2007 - 3.8%
- Average projected 2008 - 3.7%
Office/Clerical/Technician
- Average budgeted 2007 - 3.7%
- Average projected 2008 - 3.7%
Trades/Production/Service
- Average budgeted 2007 - 3.6%
- Average projected 2008 - 3.6%

Posted by Ann Bares on August 20, 2007 at 01:58 PM | Permalink

Tags: 2008 Salary Increases, Mercer HR Consulting

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Compensation consultant Ann Bares is the Managing Partner of Altura Consulting Group. Ann has more than 20 years of experience consulting with organizations in the areas of compensation and performance management.