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Labor & Employment Law
: Strategic HR Lawyer2009 - 2010 Salary Budget Planning - Almost Going Backwards....
Recent research by World at Work in its 2009-2010 Salary Survey shows that based upon a survey of over 2600 companies conducted in May 2009, that your average salary increase for this year will range from 2.0 to 2.3 percent, depending on company level. For New York state, actual salary budget increases for 2009 came in at a whopping 1.9% and next year is anticipated at 2.9%. For those in New York City, the 2009 budget increase is the same at 1.9% and next year's is anticipated at 2.8%. Wow! That should barely cover the recent train/bus/subway fare increase!
Follow this link for more information on the World At Work 36th Annual 2009-2010 Salary Budget Survey.
Thanks to Ann Bares at Compensation Force for alerting us.
Full post as published by Strategic HR Lawyer on July 08, 2009 (boomark / email).
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