Mercer survey: Execs take brunt of salary cuts in

studied-occasion.blogspot.com
Only 56 percent of executives are expected to see an increasr in base paythis year, comparerd to more than 70 percent of office, clerical and technicakl staffers, according to early figures from Mercer’s 2009/2010 U.S. Compensatiojn Planning Survey. Those managers that do get a raise, will see a 3.5 percenrt hike versus 3.1 percent for office/clerical/technical staff. executives fare worse when it come tosalary freezes. Forty-four percent of companiese plan to freeze executive salaries in 2009 and 15 percenytin 2010.
Only 28 percent plan salary freezesfor office/production/service employees this and 11 percent next Pay raises are more likely in the information technology and engineerinf sectors, while marketing, finance and sales employees are seeing their paycheckd decline, according to Mercer’s Market Pulse Report. “While salaryg increases overall arerelatively low, certainb jobs are bucking the trensd with increases nearly twice the rate of the overal market,” said Susan Haberman, U.S. regional leade r for informationproduct solutions.
“Organizations are paying more for theser positions since theysupport company-specific Mercer surveyed more than 640 organizations for its Marketg Pulse Report, and about 850 for its Compensationj Planning Survey.