Salary Increases and Employing Staff in 2010 from ERI Economic Research Institute

Salary Increases in 2010
Association and consulting firms have released their 2010 salary increase surveys. To summarize, they forecasted 3.75% in 2009,believe 1.85% occurred, and now knowledgeably forecast 2.65% for 2010! ERI, in contrast, has suspended its Salary Increase Survey for 2010, substituting 128 industry specific blog-like websites, plus 128unique ERI Salary Surveys mirroring that number. Our mid-year 2009survey input found over one-half of our subscribers not yet planning for 2010 or, better put, not considering competitive pressures to be the criteria for 2010 decisions; rather, they are finding the unique economic circumstances of their own entities to be determinative.

Employing Staff in 2010
Employers and the media are beginning to talk about an increase in staffing, including new comp analysts. Many professionals can duplicate ERI’s research efforts – required for a Daubert Challenge – given enough time, effort, and expense. But that’s the point! We save you time, effort, and expense. Also, if you bring on new analysts, don’t forget ERI’s Distance Learning Center at www.eridlc.com; it was designed to train new comp staff.

Learn more at: ERI Economic Research Institute

Economic Outlook for 2010 from ERI Economic Research Institute

ERI’s (Economic Research Institute) view is that the US is at the bottom of an L-shaped recovery and, when job losses stop, a sustainable, not “dig a hole, fill a hole,” slow economic recovery will occur under a heavy social burden.

SSA DI (early retirement) rolls are above 10% of the working age populace (only 12,000/year return to work); unemployment is also above 10%; welfare payment values (including health care coverage) are higher than competitive unskilled wages (discouraging the pursuit of employment); minimum wage rates are rising
substantially (without inflation, there are only so many employer dollars for payrolls); health care costs rise unabated; and neighboring countries’ workers are flooding into America’s lower paid jobs.

Contrarily, ERI has received few bankruptcy notices from subscribers. Most organizations have cut staff, reduced payrolls, and managed revenue downturns in very prudent manners. The results are slimmed down and potentially more profitable entities poised for an economic turnaround.

For more info from ERI visit: http://www.erieri.com

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