interbiznet: The Recruiting News

The Recruiting News





 

 

 

 

 

 

Please Click On Our Sponsors


Please Click On Our Sponsors


Recruiting News for the Human Resource Professional


Please Click On Our Sponsors


Please Click On Our Sponsors



Please Click On Our Sponsors


Please Click On Our Sponsors




 

 

 

Click On Our Sponsors



Click On Our Sponsors





 

 

 











Click On Our Sponsors

 
The Electronic Recruiting News is a Free Daily Newsletter For Recruiters, HR Managers, Advertising Agencies and Clasified Advertising Operations



|
ERN | Bugler | The Blogs | Archives | Careers | Job Hunt |

Pay Range Adjustments Slowly Continue to Climb

(November 16, 2012) 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 arenít 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.

Pay range adjustments vary by industry as employers in utilities reported adjustments of 1.9 percent. Banking and finance and hospitality organizations reported pay range adjustments of 1.7 percent and 1.6 percent, respectively. Manufacturing and distribution organizations are projecting the highest adjustment amount for 2013 at 2.2 percent, while not-for-profit is projecting the lowest, 1.4 percent.

"The length of time between pay range adjustments has remained the same over the last year at an average of 15.4 months, but that is still much longer than the average 11.4 months reported in 2009," said Amy Kaminski, vice president for Compdata Surveys. "Combine this with pay range adjustmentsí anemic rate of growth over the past couple of years and it reflects a very guarded outlook by employers."

If an employee is over their established pay range maximum, 73.3 percent of organizations withhold increases, up from 70 percent reported in 2009. Industries widely differ in their rate of use of this technique, as healthcare employers withhold increases at a rate of 87.8 percent, compared to services at 64.8 percent. Comparatively, 64.5 percent of employers grant lump sum increases to employees who have exceeded their established pay range.

About the Survey
BenchmarkPro 2012 provides a comprehensive summary of pay data and pay practices with an effective date of March 1, 2012. More than 400 benchmark titles were surveyed, with data collected from nearly 34,000 organizations across the country.

Compdata Surveys has been providing comprehensive data at affordable prices to organizations from coast to coast since 1988 and is the nationís leading compensation and benefits survey data provider. Thousands of organizations provide data in each of our eight industry specific surveys each year, ensuring the reliability of our results. For more information about the compensation and benefits surveys, contact Michelle Willis at (800) 300-9570.

In The News

Review today's news

Permalink  . - .  Todays Bugler  . - .  Email this article  . - .  Readership Feedback




  Call Center CallCenterJobs.com
  Drivers / Trucking JobsInTrucks.com
  General JustJobs.com
  Healthcare HealthJobsNationwide.com
  IT Contracting & Consulting Corp-Corp.com
  Logistics / Transportation JobsInLogistics.com
  Manufacturing JobsInManufacturing.com
  Retail AllRetailJobs.com
  Security Clearance USADefenseIndustryJobs.com


To search jobs, visit:
TopUSAJobs.com
marketing@TopUSAJobs.com


For more great articles - search our archives: Enjoy the Bugler and review the latest Recruiting Blogs.    




Contacting Us:
interbiznet
Mill Valley, CA 94941
415.377.2255
colleen@interbiznet.com

Copyright © 2013 interbiznet. All rights reserved.



The Electronic Recruiting News
Sign-up to receive this newsletter in email each day.
Email Address:
Request: Subscribe Unsubscribe
 
The interbiznet Bugler
Sign up and receive a concise, daily briefing on recruiting industry news.
Email Address:
Request: Subscribe Unsubscribe
 


Click On Our Sponsors



ERN | Bugler | Blogs | Candidates | Advertise | HR Jobs | Recruiting News |

 




 

 

 

 

 

 



 

 

 

 

 

 
 

 
 
FEATURES:
 

FREE
EMAIL NEWSLETTERS:

  -  BUGLER
    (Sign-up)
    Industry News

  -  ERNIE
    (Sign-up)
    Industry Article



 





RECENT POSTS:
  • Pay Range
  • Skills Gap
  • Mobile Recruiting
  • Screening
  • Marketing
  • Vote
  • Flexible Spending
  • BLS
  • Equal Pay
  • Characters
  • Attracting Talent
  • OnBoarding
  • Bullying
  • Poaching
  • Terminations
  • Recognition
  • Sales
  • Leadership
  • Social Media
  • Happy Workplace
  • Amy Noah
  • GreenJobInterview
  • Dice Report
  • Teams
  • Social Media
  • Mentoring
  • Economic Climate
  • OverRated Jobs
  • Expansion
  • Aquisition
  • Career Development
  • Customer Care
  • Top 75
  • Talent Management
  • TMP Worldwide
  • Career Collaborators
  • Turnover Rates
  • Safety Net
  • Benefit Plans
  • Workforce Solution
  • HR Tech Solution
  • Social Listening
  • HireVue
  • Teamability
  • Job Search
  • Pay Increases
  • iCIMS partners
  • IHRIM
  • Legal Woe's
  • PeopleScout
  • Sales Performance
  • Compensation
  • Mentoring
  • Net Change
  • Humana & HRI
  • Unemployment Rates
  • Occupational
  • ETI
  • iCIMS
  • HireVue Aquisition
  • Confidence
  • Compensation Costs
  • Physical Therapy
  • Revenue's Up
  • Behavioral Assessment
  • Mobile Recruiting
  • Job Distribution
  • Staffing Firms
  • Tough Workplace
  • Compensation
  • Productivity
  • Tech Trends
  • CompuData
  • Hiring Technology
  • Assessments
  • Talent Charts
  • Social Media
  • WorldatWork
  • Carousel
  • FaceBook, 3C's
  • Dovetail Software
  • Disabilities
  • Empathy
  • Broadbean
  • Social Ears
  • Workplace Trust
  • Gen Y
  • Recruitment Advert
  • Benefits Video
  • OD Strategies
  • Dice Report
  • Flexible Jobs
  • Workplace Violence
  • Performance Reviews
  • Employment Gains
  • Employee Relations
  • Managing Talent
  • Benefits Video
  • Online Time
  • HR Executive
  • Benefit's Compliance
  • Hiring Teachers

    ERN ARCHIVES



         © 2013 interbiznet.
         All Rights Reserved.