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Managers Offering Larger Raises to Compete

Sep 18, 2013

Larger Raises

1-Senior LeadersSenior Leaders

Salaries for executives are expected to increase by 3% in 2014, compared to 1.4% in 2009.

2-On the PayrollOn the Payroll

Pay for salaried employees should also increase by 3% in 2014, compared to no more than 1.9% in 2009.

3-Clock ManagementClock Management

Nonunion, hourly workers will get a 2.9% increase in pay in 2014, as opposed to 2% in 2009.

4-MeritocracyMeritocracy

Top-performing employees are getting 4.7% in average increases this year, which is twice the amount of average workers.

5-UnderperformersUnderperformers

Employees who don’t meet expectations get less than 1% in pay raises.

6-Prove It or Lose ItProve It or Lose It

90% of companies offer “variable pay” programs—or performance-based awards that must be re-earned every year—compared to just 78% that did so a decade ago.

7-Results-Based BenefitResults-Based Benefit

Those companies expect to pay 12% of payroll on variable-compensation programs, up from 9.5% a decade ago.

8-Top Cities for Raises?Top Cities for Raises?

These include Kansas City and Denver, where workers are commanding 3.2% increases.

9-Bottom-FeedersBottom-Feeders

Workers in pricey cities like Boston and New York are seeing only 2.8% in paycheck increases.

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