Projected Salary Increase Budgets for 2010
Here are projections for 2010 salary increase budgets, according to several sources:
According to the Conference Board (medians):
- Executives … 3.0%
- Exempt Salaried … 3.0%
- Nonexempt Salaried … 3.0%
- Nonexempt hourly … 3.0%
According to Hewitt Associates:
- Executives … 2.6%
- Exempt Salaried … 2.7%
- Nonexempt Salaried … 2.6%
- Nonunion hourly … 2.7%
- Union … 2.7%
According to WorldatWork:
Including 0% salary increases:
- Officers/Executives … 2.8%
- Exempt Salaried … 2.8%
- Nonexempt Salaried … 2.8%
- Nonexempt Hourly Nonunion … 2.8%
Excluding 0% salary increases:
- Officers/Executives … 3.3%
- Exempt Salaried … 3.2%
- Nonexempt Salaried … 3.2%
- Nonexempt Hourly Nonunion … 3.2%
According to Watson Wyatt Data Services:
Including 0% salary increases:
- Executives … 2.8%
- Management … 2.8%
- Exempt nonmanagement … 2.8%
- Nonexempt salaried … 2.8%
- Nonexempt hourly … 2.7%
Excluding 0% salary increases:
- Executives … 3.2%
- Management … 3.1%
- Exempt nonmanagement … 3.1%
- Nonexempt salaried … 3.1%
- Nonexempt hourly … 3.0%
According to Mercer:
Excluding 0% salary increases:
- Executives … 3.0%
- Management … 3.0%
- Professional (Sales & Non-sales) … 2.9%
- Office/Clerical/Technician … 2.9%
- Trades/Production/Service … 2.9%
- All Employees … 3.0%
Including 0% salary increases:
- Executives … 2.7%
- Management … 2.7%
- Professional (Sales & Non-sales) … 2.7%
- Office/Clerical/Technician … 2.7%
- Trades/Production/Service … 2.7%
- All Employees … 2.7%
Reprinted with permission. © CCH
<p>Employers have been analyzing their compensation strategies during the economic downturn. Projected salary increases for 2010 are listed, as provided by several sources.</p>