Career Watch: Employers expecting to increase pay

By Jamie Eckle, Computerworld |  Business, IT jobs

Source: Kaiser Family Foundation survey of 3,143 employers, Q4 2010. small companies are defined as those with three to 199 employees, and large companies are those with 200 or more.

Employers Loosening the Purse Strings

In a recent survey, 61% of hiring managers polled said their companies would increase compensation for existing workers in 2011, up from 57% in 2010. Furthermore, 31% said they would offer higher initial salaries to job candidates, up from 29% in 2010.

What will be the average change in salary for existing employees at your location in 2011?

* Decrease: 3%

* No increase: 36%

* More than 5%: 5%

* 5% increase: 5%

* 4% increase: 5%

* 3% increase: 23%

* 2% increase: 18%

* 1% increase: 5%

What will be the average change in initial salary offers at your location in 2011?

* Decrease: 4%

* No increase: 65%

* More than 5%: 4%

* 5% increase: 4%

* 4% increase: 2%

* 3% increase: 10%

* 2% increase: 8%

* 1% increase: 3%

Source: CareerBuilder online survey of 2,482 U.S. hiring managers, Q4 2010


Originally published on Computerworld |  Click here to read the original story.
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