Search
 

2011 compensation budgets stabilizing, according to survey

Compensation budgets are expected to stay intact in 2011, and few companies plan to take extreme measures, including pay freezes to lower costs, finds a new Aon Hewitt survey of more than 500 employers.

By Amanda McGrory-Dixon | Updated on December 15, 2010

Compensation budgets are expected to stay intact in 2011, and few companies plan to take extreme measures, including pay freezes to lower costs, finds a new Aon Hewitt survey of more than 500 employers.

Three-quarters of companies also anticipate hitting or surpassing business performance goals this year, the survey also reveals, causing pay and variable pay budget stabilization in 2011. Fifty-six percent of companies made no modification to their original base salary increase budgets, and those are projected to reach their highest levels in two years. Salary raises for salaried exempt workers, who are excluded from overtime rules, are predicted to hit 2.8 percent in 2011 – up from 2.4 percent in 2010, and 1.8 percent in 2009 when employees faced record-low pay raises.

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

Your access to unlimited BenefitsPRO.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical BenefitsPRO.com 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

Already have an account?

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.

Recommended Stories

BenefitsPRO

Join BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join BenefitsPRO.com now!

  • Unlimited access to BenefitsPRO.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
  • Exclusive discounts on BenefitsPRO.com and ALM events.

Already have an account? Sign In Now
Join BenefitsPRO

Copyright © 2024 ALM Global, LLC. All Rights Reserved.