Not unexpectedly, but it looks like we're planning a repeat of this year's salary increase levels for 2012 as a host of factors - particularly low economic growth and labor market demand - are conspiring to keep salary increase budgets below pre-recession levels.
WorldatWork has released top-level results from its 38th annual salary budget survey, which reflects the responses of over 2,000 U.S. organizations.
The top-line results, highlighted in the table below, show that actual median salary increases across all employee groups were 3.0% for 2011 and are projected to come in at essentially the same level for 2012.
This early data is confirmed by study results released recently by Hay Group (310 organizations, surveyed in March through June 2011), which also project that U.S. employees can, for the second year in a row, expect median pay increases of 3.0% in 2012.
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