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Posted November 14, 2012 by

Average Pay Projected to Increase 2.8% in 2013

Amy Kaminski of Compdata Surveys

Amy Kaminski of Compdata Surveys

The average pay increase budget projected for organizations in 2013 is 2.8 percent, up slightly from 2.7 percent reported in 2012 according Compdata Surveys 2012 BenchmarkPro survey results. Pay range adjustments aren’t expected to show much improvement either as more than three-quarters of organizations have a formal pay structure with pay ranges in place that have or will be adjusted in 2012. The average pay range adjustment reported in 2012 was 1.9 percent, up from 1.7 percent reported in 2011 and 1.6 percent reported in 2010. Pay range adjustments are projected to remain stable in 2013 at 1.9 percent.

Pay range adjustments vary by industry as employers in utilities reported adjustments of 1.9 percent. Banking and finance and hospitality organizations reported pay range adjustments of 1.7 percent and 1.6 percent, respectively. Manufacturing and distribution organizations are projecting the highest adjustment amount for 2013 at 2.2 percent, while not-for-profit is projecting the lowest, 1.4 percent. (more…)