How Much Will You Raise Your Employees' Pay? September 16, 2009
By Margery Weinstein
The Conference Board Annual Salary Increase Budgets Survey reports the lowest yearly forecast for company salary budgets since the survey began 25 years ago.
The 2010 median forecast salary increase budget is 3 percent in all employee categories, down a half percent from the previous year. Comparing what companies originally forecast for their 2009 salary increase budgets and where they report actually expecting to finish the year is revealing.
The Conference Board survey reports a full percentage point drop, from 3.50 percent to 2.50 percent, in the medians of the 2009 salary increase budgets in all employee categories except executive. The executive category actually took the biggest hit—down two full percentage points (from 3.50 percent to 1.50 percent).
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