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High unemployment, modest salary increase hinder pay raises

Although pay increase budgets are now at 2.8 percent, an increase from the all-time lows of 2.2 percent in 2009, this bump does not seem to come from employers distributing larger pay increases, finds the 39th annual WorldatWork 2012-2013 Salary Budget Survey.

By Amanda McGrory-Dixon | Updated on August 03, 2012

Although pay increase budgets are now at 2.8 percent, an increase from the all-time lows of 2.2 percent in 2009, this bump does not seem to come from employers distributing larger pay increases, finds the 39th annual WorldatWork 2012-2013 Salary Budget Survey.

Rather, this increase appears to be coming from respondents reporting frozen salary budgets. In fact, the number of  zero percent responses fell from 33 percent in 2009 to 5 percent in 2012.

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