Didn't get much of a raise in 2002? You're not alone. The struggling economy held HR pay in check as companies kept a tight rein on salary hikes.
Pay nudged up only slightly for 11 of the 12 most common HR jobs, averaging just 1.7 percent, says a new survey of 46,000 HR professionals by the Society for Human Resource. Senior compensation analysts and general recruiters saw the biggest increases, 4.2 percent over 2001.
The good news: The days of low raises won't last forever. The study says that, for many companies, the economic recovery will refocus businesses on solid HR strategy, which will likely strengthen HR pay.
Like what you've read? ...Republish it and share great business tips!
Attention: Readers, Publishers, Editors, Bloggers, Media, Webmasters and more...
We believe great content should be read and passed around. After all, knowledge IS power. And good business can become great with the right information at their fingertips. If you'd like to share any of the insightful articles on BusinessManagementDaily.com, you may republish or syndicate it without charge.
The only thing we ask is that you keep the article exactly as it was written and formatted. You also need to include an attribution statement and link to the article.
" This information is proudly provided by Business Management Daily.com: http://www.businessmanagementdaily.com/639/hr-pay-has-it-hit-bottom "