HRHero Compensation Survey 2010 Results

HRHero’s Compensation 2010 survey results shows that wage and benefit issues continue to be a pressing problem for many companies and new issues are arising as employers try to deal with doing business in a vastly changed economy from two years ago. Here are some of the results

• 35% of survey respondents say their organization will have a hiring freeze;
• 30% report that hourly employees will be getting no raises and 32 % report the same for exempt employees;
• Of employers reporting raises in 2010, most will be between 2% and 3%;
• More than 50% report they will not be giving bonuses instead of raises in 2010 and 32% will give no bonuses at all;
• In addition to hiring freezes, respondents report that their organizations will use temp workers (23%), layoffs (20%), or furloughs (10%).

In our essay question, we asked respondents to gaze into their HR crystal ball and tell us what they think their biggest wage and hour issues will be at the end of 2010. Among the most common responses was having to deal with employees who have had pay cuts and/or no wage increases for 2 or more years.

Read the entire survey results

Note on HR Hero Line schedule: There will be no HR Hero Line issues on Dec. 25 or Jan 1. Our next regular issue on Dec. 30.