Unemployment's remained more or less stuck around the 8 percent mark for months now—with incremental dips along the way. But for those with jobs, salaries are stalled out, as well.

But don't think things are any different for those in the insurance business. Pay increase budgets have been stuck neutral for a while now. And, not that we needed it, we have confirmation again.

The Compdata Surveys 2012 Compensation Data Insurance survey reveals pay increase budgets are at 2.8 percent, essentially reflecting no change since 2010. But pay increase budgets are projected to slightly increase in 2013, hitting 3 percent for the first time since 2009.

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

© 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.