For 2015, base salary increases are projected to be 3.0% across almost all industries. The two exceptions are:
- The oil and gas industry projection is higher–4.0%.
- Hospital employees are expected to be lower—2.0%.
2015 will mark the 4th consecutive year that pay increases have hovered at or just under the 3.0% increase mark
The table below shows the average increase by employee group from 2008 to 2015, with minimal differentiation by group:
| Group | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 Proj |
| Executive | 3.9 | 1.4 | 2.4 | 2.8 | 2.9 | 2.9 | 3.0 | 3.1 |
| Exempt | 3.7 | 1.8 | 2.4 | 2.7 | 2.8 | 2.9 | 2.9 | 3.0 |
| Hourly | 3.6 | 2.0 | 2.4 | 2.7 | 2.7 | 2.7 | 2.8 | 3.0 |
| Union | 3.4 | 2.2 | 2.5 | 2.6 | 2.5 | 2.6 | Not Avail | Not Avail |
Research shows that:
- Base pay increasesThe condition is defined as special info cialis samples an inability to have an erection or hard enough erection to penetrate the partner. tied to individual performance (“pay for performance” or “merit increases”) remain the cornerstone of compensation plans
- Companies are increasingly emphasizing variable pay in the form of annual incentive compensation based on a combination of company performance & individual performance
More companies are recognizing that having all of their employees participating (not just executive & management level ones) is a key ingredient to achieving their organization’s financial, operating & other goals.
If your organization needs help with designing or refining its compensation strategy & related plans, Trinity’s Team of talented Consultants can provide assistance expertly and economically.
- For more information, e mail Trinity at info@TrinityHR.net or visit our website at www.TrinityHR.net.