Kansas City, Kan. -- The newly released Compensation Data – Pacific Northwest annual survey of 170 companies in Oregon, Idaho and Washington found pay increase budgets are 3.6 percent for 2007 and are projected to stay the same in 2008. These numbers are down from 2006 when they were 3.66 percent in the region.
National pay increase budgets were higher than those reported for the region at 3.65 percent. When comparing areas of each, Washington pay increase budgets were highest in the Olympic Peninsula and Western Washington area, 3.78 percent. Idaho’s were highest in Southern Idaho at 3.58 percent, while Oregon’s were highest in the Eugene/West Central area of the state, 3.47 percent.
Pay increase budgets vary slightly by industry for all three states. Results showed the service industry had the highest, 3.93 percent. Distribution and warehouse companies had the lowest, 3.2 percent. Many have talked about hiring shortages in health care, and current pay increase budgets were reported at 3.74 percent.
"To attract and retain top performers, employers should ensure they’re offering a complete compensation package," said Amy Kaminski, manager of marketing programs for Compdata Surveys. "Because not all employees are motivated by routine raises, organizations should look to other methods to boost their compensation packages. These could include increased time off and the introduction of flexible schedules."
About the Survey
"Compdata Surveys offers pay and benefits data on 539 job titles for organizations across the country," said Kaminski. "The results allow users to compare data by company size, industry and geographic region allowing customers to find information best fitting their needs."
Compensation Data 2007 – Pacific Northwest contains data on 483 job titles ranging from entry-level to top executives. Information was collected on more than 210,000 employees across the region. The results provide a comprehensive summary of pay data, benefits information and pay practices with an effective date of March 1, 2007. Compdata Surveys, www.compdatasurveys.com, has been providing accurate, reliable data at affordable prices since 1988. For further information about the compensation and benefits surveys, contact Lane Odle at (800) 300-9570 or lodle[at]compdatasurveys.com.
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