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Home > BizTimes Daily > Archives > December 29, 2009
Survey indicates frozen salaries for 2010
Published December 29, 2009 - BizTimes Daily
Most executives at companies surveyed by QPS Employment Group do not expect salary increases in 2010.
The Brookfield company’s latest employment forecasting survey of about 300 executives found that 61 percent are not expecting pay raises at their companies next year, while 39 percent are expecting raises.
Of those 39 percent expecting raises, the average salary increase expected is 2.76 percent.
QPS, a staffing and recruiting firm, surveyed more than 300 companies, including manufacturers, banks, printers, distributors and information technology firms throughout Wisconsin and northern Illinois.
“We are expecting companies to return staff to previous levels before granting salary increases,” according to Dan McNulty, executive vice president and chief operating officer of QPS. “For most companies, budgets are still very tight and employers are taking a cautious approach after having made dramatic cuts in 2009.”
