A finding worth noting in WorldatWork's recently released 2007/08 Salary Budget Survey: The growth in salary increase budgets (which averaged 3.9% in 2007) outpaced inflation (as measured by the CPI for all urban consumers reported by the U.S. Bureau of Labor Statistics, which was 2.6% for the 12 months preceding the WorldatWork study) by an average of 1.3%. This gap translates to the highest level of purchasing power for U.S. employees for several years.
While some portion of this increased purchasing power is undoubtedly being directed toward the higher (employee) cost of healthcare coverage for many, it is still a notable piece of positive news.
Related posts:
Salary Increases to Remain Flat in 2008
WorldatWork Releases Salary Increase Projections for Major Metro Areas
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