Compensation Resources, Inc. Releases Its 2014-2015 Annual Salary Budget Planning Survey

8/6/14
By: Diana D. Neelman, CCP, CRI

Compensation Resources, Inc. (CRI) has released the results of its 2014-2015 Annual Salary Budget Planning Survey.  The purpose of this study was to obtain compensation data used for trending and planning purposes at companies of all sizes, locations, and industries.  This survey reports data for average merit/salary increases, salary structure movement, short-term and long-term incentive plans, and total compensation package mix.

Data was compiled from survey questions that were developed by CRI and distributed to companies in over 16 industry classifications, including Manufacturing, Retail/Wholesale, Finance/Insurance, and Professional Services.  The survey sampled data from a total of 223 participating organizations.

As reported by survey participants, merit increases have steadily risen since 2012 among the five (5) employee groups surveyed (Executive, Management, Exempt, Non-Exempt, and Hourly/Production), a sampling of which is presented below (zero’s included):

 

Employee Group

2012 (Actual)

2015 (Projected)

Executive

2.5%

3.0%

Exempt

2.4%

2.9%

Hourly/Production

1.9%

2.7%

 

As for current conditions, the prevalence of layoffs continued to decrease, staffing increases are expected among one-third of respondents, and cutbacks in pay, hiring freezes, and salary freeze percentages all dropped.

This survey is available for purchase now at www.compensationresources.com, and you can view a free sample of the survey on the Annual Salary Budget Planning Survey page.  The cost of the full version is $120.