October 31, 2007
Modest salary growth forecast for '08
By Matthew L. Brown
According to Waltham-based Salary.com Inc.'s national salary budget survey, U.S. workers should expect a pay raise anywhere between 3.3 percent and 4.2 percent in 2008.
Salary.com found that 64 percent of companies plan no change in their payroll budgets between 2007 and 2008, 26 percent planned an increase and 10 percent said they planned a reduction.
The largest raises, 4.2 percent, will go to professional, scientific and technical service employees, while the smallest, 3.4 percent, will be had by employees in the arts, entertainment and recreation industries.
Employees in Los Angeles and San Francisco can expect the largest raises. Employees in Kansas City and St. Louis can expect the smallest.
Salary.com found that 64 percent of companies plan no change in their payroll budgets between 2007 and 2008, 26 percent planned an increase and 10 percent said they planned a reduction.
The largest raises, 4.2 percent, will go to professional, scientific and technical service employees, while the smallest, 3.4 percent, will be had by employees in the arts, entertainment and recreation industries.
Employees in Los Angeles and San Francisco can expect the largest raises. Employees in Kansas City and St. Louis can expect the smallest.
WBJ Web Partners
Most Recent
Most Recent
0 Comments