BLR’s annual Pay Budget Survey indicates modest improvement in pay increases for 2012 and 2013.
In 2011 the average “planned” merit increase for 2012 was 2.1 percent. Actual merit increases for 2012, however, were higher than anticipated for the first time in at least two years.
Although actual merit increases for 2012 are an improvement over 2012 planned increases, expectations for 2013 still reflect a slow recovery. Though 18 percent of respondents expect to offer 2013 merit increases of up to 2.5 percent, 22 percent plan no increase at this time and 31 percent haven’t yet made a decision regarding 2013 merit increases.
The survey gathered data on salary increases, bonuses, and rate range adjustments in 2012 and planned increases for 2013.
A total of 1,517 organizations participated in this survey, which was conducted in June 2012.
Download the survey summary.