Orange County NC Website
Attachment 9 <br /> • <br /> • <br /> ungdotollanailment <br /> _ DAA PDllcv AND PRA1%Igf.SM1 <br /> Vol, 44, No. 36 September 9, 1993 <br /> Salary Increases Continue to Shrink <br /> Employers reduced their budgets for salary increases from an <br /> average of 4.7 percent in 1992 to an average of 4.3 percent in )993. <br /> according to the American Compensation Association's 20th annual <br /> S3iary budget survey, Based on responses from 17): U.S, employers, / <br /> the survey shows continued reversal of the steady growth to salary <br /> budgets that occurred in the late )9S0s. <br /> The decline in salary budgets this year continues a slide that <br /> started in )99) and affects al) employee cateeorieS. lne survey notes. <br /> By, ieve: )99: increases average 4.= percen; for officers and execu- <br /> tives. 4.: percent for exempt employees, and 4.6 percent for non- <br /> exempt employees. Across the board, these increases are lower than <br /> predicted in last year's survey. when respondents projected they <br /> would remain at 1991 ieveis of 4:.9 percent for officers and executives. <br /> 4.7 percent for exempt employees. and 4.6 percent for nonexempt <br /> employees. For 1994. meanwhile. employers project that increases <br /> will remain at )99: jevejs. <br /> Salary structures — which set overall ply levels for positions and <br /> grades rather than specific ply levels for individua) employees — rose <br /> percent for omcers and executives. percent for exemp; <br /> employees. and percent for nonexempt employees in 1993. the <br /> survey adds. For 1994. the survey respondents are proiectinc that <br /> salary structures for officers. executives. and exempt employees will <br /> increase 3.0 percent, and salary structures for nonexempt employees <br /> will rise 2.9 percent. ("3993_3994 Salary Budget Survey. ' ACA. <br /> )4040 N. N'orthsicht Blvd.. Scottsdale. Aria. $:260: (602) 9:)-919h <br /> S:., for members. SS0 for nonmembers) <br />