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TD Magazine Article

Member Benefit

Salary Drop

Published Wed Oct 01 2008

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The article focuses on a survey conducted by the Conference Board which reveals that there is a declination of actual salary increase budgets in 2008 in the U.S. The survey data are gathered from more than 350 companies between April and May 2008. The survey reveals that only 3.80 percent is allocated for average salary increase in 2008 among non-exempt, exempt and executive employees categories. Charles Peck, compensation specialist of the Conference Board, forecasted that the budget for salary increase for both nonexempt salaries and hourly employees would be 3.75 percent in 2009.

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ISSUE

Salary Drop

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