|
2002 Salary
Increases Down,
But 2003 Outlook Brighter
By Jeremy Handel, WorldatWork
|
TOTAL
SALARY BUDGET INCREASES |
| |
Total Salary
Increases |
Number of Months
Between Increases |
| |
Projected
2001 |
Actual
2001 |
Projected
2002 |
Actual
2002 |
Projected
2003 |
Actual
2002 |
Projected
2003 |
|
Nonexempt Hourly Nonunion Employees
|
4.3% |
4.3% |
4.3% |
3.7% |
3.9% |
12.1 |
12.1 |
|
Nonexempt Salaried Employees
|
4.4% |
4.4% |
4.4% |
3.7% |
4.0% |
12.4 |
12.3 |
|
Exempt Salaried Employees |
4.5% |
4.6% |
4.5% |
3.9% |
4.1% |
12.4 |
12.3 |
|
Officers/Executives |
4.7% |
4.7% |
4.7% |
4.0% |
4.3% |
12.7 |
12.5 |
| |
|
|
|
|
|
|
|
|
PERCENTAGE OF PAYROLL
BUDGETED/AWARDED AS VARIABLE PAY |
|
2001 National
|
| |
No. Cos. Budgeted |
% Budgeted
|
No. Cos. Awarded |
% Awarded |
|
Nonexempt Hourly |
612 |
5.3% |
628 |
4.5% |
|
Nonexempt Salaried |
623 |
5.4% |
634 |
4.9% |
|
Exempt |
1236 |
9.7% |
1,252 |
8.8% |
|
Executive/Officer |
1090 |
25.9% |
1,110 |
22.2% |
|
