Preliminary results from the CompData 2008 survey shows pay budgets essentially remaining flat from 2008 to 2009. According to the survey, salary increase budgets were reported at 3.60% for 2007 and 2008, and are projected to be 3.62% in 2009.Although these early figures are a little lower than those released at the beginning of May by the Economic Research Institute, which reported average 2008 salary increase budgets of 4.1% and 2009 projections of 4.0%, they do reinforce the theme of flatness. Based at least on what we are seeing so far, it doesn't appear that 2009 increases, on average, will be substantively different from 2008.
Pay increase budgets vary slightly by industry. Companies in the technology industry had the highest pay increase budget, 5.52 percent while organizations in distribution and warehouse had the lowest with 3.43 percent.
