Today Watson Wyatt released advance data from its upcoming 2009/2010 Salary Budget Survey.
Watson Wyatt's high level findings appear consistent with the data released recently by WorldatWork, which showed 2009 actual salary increases (including companies granting no increases) averaging 2.2% and 2010 projected salary increases (same sample) averaging 2.8%. While these are indeed, as WorldatWork pointed out in their release, record low increase levels, they are also indicative of a salary increase rebound (of sorts) in 2010.
It is significant to note that 89.9% of the companies (nearly 900) who participated in the Watson Wyatt study project they will grant salary increases in 2010. The table below summarizes the study's advance findings for salary increases budgets, showing figures inclusive and exclusive of "zeros" (companies granting no increases).
The Watson Wyatt study also gives us an advance look at what has been and will be happening with salary structure adjustments, data that has been largely missing from studies available in recent months. According to study results, 52.5% of participating organizations adjusted or plan to adjust their salary range structures in 2009 and 65.9% plan to adjust them in 2010. The table below summarizes the study's advance findings for salary structure (midpoint) adjustments, again showing figures inclusive and exclusive of "zeros" (companies not adjusting ranges).
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