2009/2010 Salary Increase Budgets at Record Lows: WorldatWork Releases Advance Data

High level findings released today from WorldatWork's Annual Salary Budget Survey, the largest of its kind with 2,600 participating organizations, shows salary increase budgets at the lowest level in the study's 36 year history, with 2009 actual increases averaging 2.2% and 2010 projected increases averaging 2.8%.

Survey findings also indicate that 2009 actual structure adjustments averaged 1.5%, with 2010 projected adjustments averaging 1.8% (I believe these represent the averages out of those who made an adjustment to their structures).

More detailed advance data (the full report is to be published in early August) is available on the WorldatWork website, including total salary increase budgets by employee category, by state and by major metro area.

Advance salary increase budget data is also available for Canada.

WorldatWork plans to resurvey members this summer to stay abreast of shifts or changes in increase budgets.  Also, the Association will be offering a free Webinar on August 25 - available to members and non-members as well - to discuss the survey findings.  More on that to come here.

Update:  Per a clarification provided in the comments by Alison Avalos (WorldatWork Research Manager), please note that all data reported in the high-level findings include zero-percent responses.  Thanks Alison for the additional clarity here!

Comments

[Alison Avalos, Research Manager for WorldatWork]

Ann, thanks for discussing the preliminary results from our survey! All data reported in the high-level findings include zero-percent responses, meaning these averages include those who are not making adjustments to their salary budgets and/or structures.

More detailed breakouts of the data to show the comparison of those making adjustments vs. those who are not will be included in the full report when released in early August.

Thanks again and congratulations on the success of the blog!

[Ann Bares]

Thanks, Alison!