Small raises on the horizon for most companies

July 12, 2011 by Tim Gould
Looks like a lot of companies — yours might be one of them — are opening the coffers for raises this year. But don’t expect employees to be overjoyed: The pay hikes aren’t likely to cover the inflation rate.

Compensation consultant World At Work recently canvassed 2,200 U.S. companies, asking for salary-budget increases for their companies in 2010, for 2011, and what they’re planning to give workers 2012.

Some highlights of the results:
Average increases for non-union, nonexempt hourly employees
2010: 2.4%
2011: 2.9%
projected for 2012: 2.9%

Average increases for exempt salaried employees
2010: 2.5%
2011: 2.9%
2012 projection: 2.9%

Average increases for top executives
2010: 2.5%
2011: 3%
2012: 2.9%

To see other results of the survey: Click Here