Salary Increase Budgets Remain Conservative for 2013
SOUTHBOROUGH, Mass. - (BUSINESS WIRE) - Employers continue to forecast modest salary increase budgets for 2013 and plan to target limited compensation dollars more strategically to employees who most affect organizational performance, according to a recent on-line poll by compensation consultancy Pearl Meyer & Partners.
"Given the tepid economic recovery and a threatened fiscal cliff, the 'new normal' appears to be very modest salary increase budgets, more use of variable pay, and compensation dollars focused on key roles, functions and high performers," said Jim Hudner, Managing Director of Pearl Meyer & Partners.
A total of 150 compensation and human resources practitioners participated in the November online poll, conducted during a joint Webinar by Pearl Meyer & Partners and WorldatWork titled "Doing More with Less: Maximizing Limited Compensation Resources in 2013."
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