Kansas City, Kan. -- The newly released Compensation Data Not-For-Profit survey results show pay increase budgets have fallen to 2.4 percent. With pay increase budgets down this year, survey respondents project a further decrease in 2010 to 1.9 percent.
"For many years, pay increase budgets were stagnate across all industries. The recent downturn is indicative of increased economic pressure," said Amy Kaminski, manager of marketing programs for Compdata Surveys. "With layoffs commonplace, many companies are working to keep current employees on staff, while keeping the organization afloat."
The Compensation Data Not-For-Profit results found pay increase budgets were highest in Illinois at 3.2 percent, which was followed by organizations in Pennsylvania at 3.1 percent. Michigan had the lowest pay increase budget at 1.7 percent.
Pay increase budgets also vary slightly within the not-for-profit industry. The 2009 Compensation Data Not-For-Profit results showed associations had the highest pay increase budget, 3.3 percent. Churches and religious organizations had the lowest with 1.7 percent, according to the newly released results.
About the Survey
Compensation Data Not-For-Profit 2009 contains data on over 100 industry-specific job titles and more than 250 benchmark titles ranging from entry-level to top executives. Data is collected annually from employers across the country. The results provide a comprehensive summary of pay data, benefit information and pay practices with an effective date of March 1, 2009
"Compdata Surveys offers pay and benefits data in eight, industry-specific sets of results for organizations across the country," said Kaminski. "The results allow users to compare data by company size, region, state and local geographic area allowing customers to find information best fitting their needs."
Compdata Surveys is the nation's leading compensation and benefits survey data provider. Thousands of U.S. organizations provide data each year ensuring the reliability of our results. Compdata Surveys has been providing comprehensive data at affordable prices to organizations from coast to coast since 1988. For further information about the compensation and benefits surveys, contact Amy Kaminski at (800) 300-9570.
The HR industry´s premier online community and resource for Human Resource professionals: HR, human resources, HR community, human resources community, HR best practices, best practices in human resources, online communities for HR, HR articles, HR news, human resources articles, human resources news, HR events, leadership, performance management, staffing and recruitment, benefits, compensation, staffing, recruitment, workforce acquisition, human capital management, HR management, human resources management, HR metrics and measurement, organizational development, executive coaching, HR law, employment law, labor relations, hiring employees, HR outsourcing, human resources outsourcing, training and development
hr.com.
human resources management resources for hr professionals. |
HR menus
|
HR events
|
HR Sitemap