Despite cost cutting in other areas, a recent survey shows employers are increasing salary budgets across all industries. The 35th Annual WorldatWork Salary Budget Survey shows the amount employers allocate for employee pay, not including costs like insurance and 401(k) matches, has been increasing steadily since 2005. In 2008, budgets increased 3.9 percent and are projected to grow 3.9 percent in 2009.
The survey found 91 percent of employees can expect a raise this year. Employers noted high-performing employees will be considered for raises of at least 5 percent, while less productive employees may only receive 2 percent or less.
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