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Pay increase budgets hold steady

Here’s a sign the economy might be getting a little better: Pay increase budgets remained steady at 2.8 percent this year, according to the 2011 Compensation Data Insurance survey. And better yet, budgets are projected to increase slightly in 2012 to 3 percent.

By Kathryn Mayer | Updated on May 17, 2011

Here’s a sign the economy might be getting a little better: Pay increase budgets remained steady at 2.8 percent this year, according to the 2011 Compensation Data Insurance survey released today. And better yet, budgets are projected to increase slightly in 2012 to 3 percent.

From 2008 to 2010, pay increase budgets fell one percent, going from 3.8 percent in 2008 to 2.8 percent in 2010.

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