More organizations are planning to grant pay increases in 2010 as the economy begins to show signs of improvement, according to a new survey. Mercer’s 2009/2010 US Compensation Planning Survey Update reports that the number of organizations freezing salaries has declined compared to last year. While challenging economic conditions drove 30% of employers to freeze salaries across the board in 2009, just 14% are planning across-the-board freezes in 2010.
Posts Tagged ‘employee pay’
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How Our Compensation Changes in an Uncertain Economy
Published in Thomasnet.com August 18, 2009 By Ilya Leybovich
In an unstable job market, compensation rates can be as volatile as job security. How are managers restructuring compensation, and what changes can employees expect to see in salaries and benefits?
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Squeeze on Pay, Benefits May Crimp Recovery
Published in the Wall Street Journal August 1, 2009 by Conor Dougherty
The economy may be on the cusp of a recovery, but workers may not be anxious to step up spending, in part because employers are keeping a lid on salaries and benefits.