2011 salary increase plans and projections appear to be holding steady (so far, at least), according to a recent spot survey of 468 U.S. organizations conducted in November by Hay Group.
According to the Hay survey results:
- U.S. employees can expect a median base salary increase of 2.8% in 2011, which is generally in line with earlier projections - by Hay as well as others.
- 80% of respondents say that they have not changed their original planned 2011 salary increase budgets (7% have increased them, 13% have decreased them).
- 85% of respondents report that they are not considering a change at this time (9% are considering increasing the budget, 6% decreasing it).
The survey also notes that responding organizations anticipate delivering a median increase of 3.1% to top performers (versus the 2.8% for a "typical" employee), showing that meaningful differentiation has apparently also taken a hit in our tenuous economic recovery.
Image: Creative Commons Photo "MG 3307" by dbking
2.8% isn't a salary increase, it's a German tip!
(But I'll take it ;-)
Posted by: working girl | January 05, 2011 at 09:42 AM
Laura:
Funny! Unfortunately, all German tip humor aside, I think we'll all have to take it. It will be interesting to see how 2012 begins to take shape - salary increase wise.
Posted by: Ann Bares | January 06, 2011 at 06:45 AM
Great post - glad to hear that salary increases will remain steady!
Posted by: Sara Kmiecik | January 07, 2011 at 04:58 PM