As concerns regarding the global economy continue, U.S. workers' salaries are only marginally increasing; however, there's the chance for workers to balance low base pay increases through performance-based awards, according to a new survey by Aon Hewitt, the global human resources solutions provider.
For salaried exempt workers, base pay growth hit 2.8 percent in 2012, a slight increase from 2.7 percent in 2011, the survey finds. Salary growth hit a record low of 1.8 percent in 2009 but has continued to climb slowly upward.
The survey projects that pay increases are expected to rise slightly in 2013 with salaries for executives, salaried exempt and salaried nonexempt workers are expected to grow 3 percent in 2013.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 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.
