Not surprisingly, employers are reconsidering salary hikes and bonus plans amid the turmoil affecting the global economy. While some employers are cutting back, others are reconsidering how limited dollars will be allocated.
Here are some of the recent reports on general and executive compensation to offer some insight into the ways companies are responding:
Companies Fine-Tuning Bonus Plans, a Dec. 4 article on HREOnline.com
Recession Forcing Companies to Cut Executive Bonuses, from Watson Wyatt Worldwide
More Than 7 Million Americans to See Lowest Pay Raises in 32 Years, from Hewitt Associates
Global Employee Pay and Staffing Survey, from Hay Group
Employers Hitting the Brakes on Planned Salary Increases for 2009, from Mercer
Economy Forcing Companies to Evaluate Compensation and Incentive Plans, from Towers Perrin
Effect of the Economic Crisis on HR Programs, from Watson Wyatt
Executive Pay in the New Economy, from Pearl Meyer & Partners
Annual Bonus and Stock-Based Awards Expected to be Down in 2009, from WorldatWork and Pearl Meyer & Partners
How Chief Executives are Paid, from Hay Group
2008 Compensation Study Highlights Trends at Emerging Tech Firms, from Ernst & Young, Wilmer Hale and J. Robert Scott