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While Salary Increases Were Lowest in 33 Years, Variable Pay Awards Reached an All Time High in 2009, Hewitt Study Finds
While the economic downturn prompted U.S. companies in 2009 to grant employees the lowest base salary increases in 33 years, funding for variable pay was at an all time high, according to a recent survey by Hewitt Associates, a global human resources consulting and outsourcing company. For 2010, employees can expect to see a similar mix of compensation payouts, with variable pay budgets projected to remain stable and base salary increases rising only slightly.
To read the entire press release go to Hewitt Associates’ website.