Kansas City, Kan. – The average pay increase budget projected for organizations in 2014 is 2.8 percent, up slightly from 2.7 percent reported for 2013, according to Compdata Surveys’ national survey of 40,000 U.S. employers. More than 80 percent of participating organizations indicated having a formal pay range in place, and the average pay range adjustment reported in 2013 was 2.1 percent. This is up slightly from 1.9 percent last year and 1.7 percent in 2011. Organizations expect almost no change for 2014, reporting projected adjustments of 2 percent.
Original Article: Recruiter.com
Kansas City, Kan. – The average pay increase budget projected for organizations in 2013 is 2.8 percent, up slightly from 2.7 percent reported in 2012 according Compdata Surveys 2012 BenchmarkPro survey results. Pay range adjustments aren't expected to show much improvement either as more than three-quarters of organizations have a formal pay structure with pay ranges in place that have or will be adjusted in 2012. The average pay range adjustment reported in 2012 was 1.9 percent, up from 1.7 percent reported in 2011 and 1.6 percent reported in 2010. Pay range adjustments are projected to remain stable in 2013 at 1.9 percent.
As hospitals balance the effects of the recession, pay range adjustments see little change while the time between continues to grow. The 2012 Compensation Data Healthcare results revealed the actual pay range adjustment of 1.8 percent this year varied little from the 1.7 percent adjustment in 2011, and was in line with the projection of 1.8 percent for 2012.
As organizations balance the effects of the recession, insurance companies see similar pay range adjustments to prior years while the time between adjustments grows longer, according to the 2011 Compensation Data Insurance results. The actual pay range adjustment of 1.5 percent in 2011 remained very similar since 2010, but came in below the projected 1.7 percent for last calendar year.