Modest Salary Increases for U.S. Workers Projected for 08

December 13, 2007 ( - The Towers Perrin 2008 Global Compensation Planning Report shows moderate 2008 salary increases are projected for U.S. workers.

The projected median salary increase for the U.S. is 3.9%. This compares to a projected 2.4% inflation, according to the report.

Executives and senior-level managers are expected to receive salary increases averaging 4.2% and 4%, respectively, while production workers can expect average increases of 3.9%.

The report includes projected salary movements and key economic indicators around the world on an annual basis, based on a survey of over 4,000 companies, covering over 60 countries worldwide. Over 2,000 responses were received from companies in Europe, the Middle East and Africa; over 1,000 were received from companies in the Americas; and over 900 were received from companies in the Asia/Pacific region.

“This information — on a global scale — is especially important for multi-national organizations competing for talent in rapidly evolving labor markets around the world,” said Allen Jackson, a Managing Principal with Towers Perrin, in a press release. “Competitive reward practices are critical to attracting, retaining and engaging their workforces across all geographies.”

The 2008 Global Compensation Planning Report is here .