Employee compensation: 12 trends for 2012 — Business Management Daily: Free Reports on Human Resources, Employment Law, Office Management, Office Communication, Office Technology and Small Business Tax Business Management Daily

Employee compensation: 12 trends for 2012

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in Compensation and Benefits,HR Management,Human Resources

Compensation experts are predicting modest but steady wage growth over the next few years as employers shake off the salary freezes, layoffs and low profits brought on by the recession.

The average pay raise will be modest this year—around 3%, according to a handful of employer surveys. By contrast, raises averaged about 4% from 2005 to 2008.

Still, a recent Forbes story says 2012 could be The Year of the Employee Back­­lash, as workers look for greener pastures after years of corporate slash and burn. Translation: Now’s the time to review your pay structure from a retention perspective.

Twelve pay trends to keep in mind:

 1.  An increasing focus on pay for performance. Employees who get the best results will reap the highest annual raises. “As a result, the gap between high-performing employees and those in the lower-performing categories is widening significantly,” says a new Mercer report (see chart below).

 2.  Alignment...(register to read more)

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{ 2 comments“ read them below or add one }

saqib February 23, 2013 at 4:31 am

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saqib February 23, 2013 at 4:30 am

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