The median base salary increases are projected to hit 3 percentthis year, according to recent research by the Hay Group, a globalconsulting firm.

This 3 percent median increase is consistent for executives,middle management, supervisory and clerical positions, and thisfigure is rather steady across most industries. Once calculatingannualized consumer price index growth at 3.0 percent, projectedemployee wage growth is in line with inflation.

Although most industries are in line with the 3 percent medianbase salary increase, including the industrial, retail andfinancial services sectors, the economy affects the variousindustries differently. Certain health care jobs, such as nursingand clinical employees, are experiencing 2.5 percent medianincreases, but employees in the oil and gas sectors are seeing 4percent median increases planned for 2012.

Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.

  • Critical BenefitsPRO information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.