Archive for February 10th, 2010

Salary Budget Increases Below 3% For First Time in More Than 20 Years

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Published in World at Work February 10, 2010 

With total salary increase budgets now barely exceeding inflation, even top performers may barely be keeping up with cost of living increases, according to The Conference Board Salary Increase Budgets for 2010—Winter Update, containing revised projections for 2010 U.S. salary budgets and salary structure adjustments.

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Employers Plan to Restore 401(k) Match in 2010, Survey Finds

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Published in World at Work February 10, 2010

Many U.S. employers are increasingly losing confidence in their workers’ ability to save for retirement and, as a result, plan to step up their efforts this year to help workers maximize their 401(k) savings, according to a new survey by Hewitt Associates.

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Morgan Stanley Gets Earful on Pay

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Morgan Stanley Chief Executive James Gorman’s pledge last week to reduce the firm’s compensation ratio followed prodding from some large shareholders about unusually high employee payouts in 2009, according to people familiar with the situation.  Company officials acknowledge being questioned by investors since Morgan Stanley reported three weeks ago that compensation and benefits last year were equal to 62% of net revenue at the New York company.

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The Wages of Recession: Average 2010 Raises Will Barely Cover Inflation

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Salaried employees hoping their 2010 annual raise will provide some relief as they attempt to recover from the worst economic downturn in 80 years are likely to be disappointed: Raises for U.S. workers may barely keep pace with inflation this year.

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