WorldatWork Releases 08/09 Salary Increase Data for U.S. & Canadian Metro Areas
WorldatWork has released its 2008/09 Salary Budget Survey, which covers the pay practices and plans of more than 2,700 U.S. and Canadian employers, representing 13.6 million North American employees.
Highlighted below are U.S. average actual 2008 and projected 2009 salary budget increases, nationally and by major metro area:
Actual 2008 |
Projected 2009 | |
NATIONAL |
3.9% |
3.9% |
Atlanta |
3.8% |
3.8% |
Baltimore |
3.8% |
3.8% |
Boston |
3.9% |
3.9% |
Chicago |
3.8% |
3.8% |
Cincinnati |
3.7% |
3.8% |
Cleveland |
3.8% |
3.8% |
Dallas |
3.8% |
3.8% |
Denver |
3.9% |
3.9% |
Detroit |
3.7% |
3.8% |
Houston |
3.9% |
3.9% |
Los Angeles |
3.8% |
3.9% |
Miami |
3.8% |
3.8% |
Minneapolis |
3.7% |
3.7% |
New York |
3.8% |
3.8% |
Philadelphia |
3.8% |
3.9% |
Phoenix |
3.8% |
3.8% |
Pittsburgh |
3.7% |
3.8% |
Portland |
3.8% |
3.8% |
San Diego |
3.8% |
3.9% |
San Francisco |
3.9% |
3.9% |
San Jose |
3.8% |
3.8% |
Seattle |
3.8% |
3.8% |
St. Louis |
3.7% |
3.8% |
Tampa |
3.8% |
3.8% |
Washington, D.C. |
4.0% |
3.9% |
The next table shows Canadian average actual 2008 and projected 2009 salary budget increases, nationally and by major metro area:
Actual 2008 |
Projected 2009 | |
NATIONAL |
3.9% |
3.9% |
Calgary |
4.0% |
3.9% |
Edmonton |
4.0% |
3.9% |
Hamilton |
3.8% |
3.9% |
Montreal |
3.6% |
3.6% |
Ottawa |
3.8% |
3.8% |
Quebec |
3.6% |
3.5% |
Toronto |
3.7% |
3.7% |
Vancouver |
3.8% |
3.8% |
Winnipeg |
3.9% |
3.8% |
Wow. I'm emailing this to my dh, who is having to preside over an academic unit facing massive cuts and (yet again) no raises - a situation expected to continue for years to come. The point the general populace seem to miss is that this creates salaries that are not just "coasting" but actually eroding (in real dollars) from year to year.
Posted by: almostgotit | August 11, 2008 at 09:36 AM
Almost:
The general populace may miss that point, but I'm betting the affected employees don't.
Thanks for the comment!
Posted by: Ann Bares | August 14, 2008 at 07:44 PM
Very interesting comps. However these are Aug. numbers, no? Do you have an update that reflects the current economic climate?
Posted by: LJ Jacobs | November 25, 2008 at 08:19 AM
LJ:
Correct. I have posted several updates to this - see links below:
http://compforce.typepad.com/compensation_force/2008/10/status-of-salar.html
http://compforce.typepad.com/compensation_force/2008/11/an-update-on-salary-increase-budgets-in-the-wake-of-the-economic-crisis.html
Posted by: Ann Bares | November 25, 2008 at 08:37 AM