NEW YORK--(BUSINESS WIRE)--As organizations complete their salary-increase budgets for 2013, Sibson Consulting's analysis indicates that budget levels will once again increase modestly from the previous year, continuing a trend that is now several years old. Sibson’s Annual Compensation Planning Analysis of projected and actual salary-increase budgets and structure salary-range adjustments provides data for three broad job classifications — executive, exempt and non-exempt, in 11 distinct industry groups — banking and finance, education, health services, information services/telecommunications, insurance, manufacturing, nonprofit, retail, services, transportation and utilities. For 2013, all employee classifications have projected salary-increase budgets of 2.9 percent, reflecting an increase of 10 to 20 basis points (bps) from 2012 actual results.
According to Jason Adwin, Sibson Consulting VP and one of the authors of the annual study, “Salary-increase expenditures could be derailed by volatility generated by lingering concerns over the European economy, Congressional inaction on the looming fiscal cliff, uncertainty regarding future U.S. tax policy and the impact of continued high unemployment.”
Here is the complete study: http://www.sibson.com/publications/perspectives/Volume_20_Issue_3/comp-planning-2013.html
For more information, or to speak with Mr. Adwin, please contact Mary Feldman, SVP, Director of Public Affairs at 212.251.5029 or firstname.lastname@example.org
Sibson Consulting (www.sibson.com) a Division of Segal, provides strategic human resources solutions to corporate and non-profit employers. Sibson's services include benefits, compensation, talent and performance management, communications, sales force effectiveness and change management. Sibson has offices throughout the U.S. and Canada.