Merit Budget Survey for 2009

As many of you are evaluating merit increases in the current economic market, we thought it might be helpful to share data regarding average merit increases for 2009. Below are budgeted merit increase percentages anticipated for 2009, along with promotion percent. Thank you for your quick responses. I hope you find this information helpful.

• 23 Companies participated:
• 14 Companies reported a merit budget at 3.9% average
• 8 companies reported adjustment budget at 2.1% average
• 21 companies reported total budget at 5.7% average
• 2 companies reported no increases