Study says salaries are on the rise

Finally, some good news since the economy tanked.
Early indications are that salaries may be on the mend.
For the second year in a row, the median salary increase budget is 2.5%. But the projections for 2011 show that figure will increase to 3%, according to The Conference Board’s newly released salary increase budgets survey report, which studied 313 companies across multiple industries.
Note: Salary increase budgets refer to the money that an organization is dedicating to salary increases. In this case, it’s represented as a percentage of payroll.
The half-a-percent boost may not sound like much, but it’s a start for U.S. workers who’ve been saddled with salary and wage freezes dating back to as early as the fall of 2008.
Another piece of good news: There’s little risk of inflation eating into the value of employee pay this year, says researcher Christopher Woock of The Conference Board.
Are your employees going to be looking at pay increases, freezes or reductions in the next 12 months? Let us know in the Comments Box below.