Survey Suggests Improved Business Outlook in Oregon
More Oregon area employers are planning wage and salary increases in 2011, suggesting an improved business outlook in the area. According to the 2011 Salary Budget Survey recently released by Cascade Employers Association, 70% of respondents are planning increases for non-executive employees in 2011… up 19% from 2010. At the executive level, 53% of the employers are projecting increases, up 16% from 2010.
While the number of employers planning increases is expected to be greater, pay increase amounts are expected to average around 3.2% in 2011…slightly greater than in 2010 when increases averaged about 3.0%. When freezes and pay decreases are factored in, overall increases still average approximately 2.0%.
For greater detail regarding 2011 salary increase budget trends in Oregon, Southwest Washington and throughout the nation, contact Tina Hamel at firstname.lastname@example.org.
As always, survey results are free to Cascade Members who participate. To find out more about the compensation information available to you, please visit our compensation website: SalaryTrends.
This article provided by Jerry Bumgarner, CCP, Director of Research and Compensations Services.