Employees in the US to see salary hike in 2010

With the economic recession expected to ease in the coming months, a survey shows that employees in the US are likely to see their salaries rise by as much as 3 per cent in 2010.

With the economic recession expected to ease in the coming months, a survey shows that employees in the US are likely to see their salaries rise by as much as 3 per cent in 2010.

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The planned 3 per cent increase in pay would be across executives, middle management, and supervisory and clerical positions, global consulting firm Hay Group said in a recent report.

Reflecting improved sentiments about the economy, the likely salary hike of 3 per cent is higher than anticipated earlier, it said.

"... It (pay rise) reflects an uptick relative to a Hay Group survey in March 2009, when organisations indicated that planned salary increases were a median of 2 per cent for all employees and zero for executives," Hay Group said.

"This may indicate a positive opinion from organisations regarding the relative health of the overall economy and their organisations in 2010," it added.

Hay Group's forecast results are based on the responses from more than 400 organisations from March through June 2009.