2014 General Industry Salary Budget Survey - U.S.

Transcription

1 Towers Watson Data Services 2014 General Industry Salary Budget Survey - U.S. Results Preview Thank you for participating in Towers Watson Data Services 2014 General Industry Salary Budget Survey - U.S. To express our appreciation for your participation, we are providing you with a preview of the survey results. Data Delivery The 2014 General Industry Salary Budget Survey Report - U.S. will be available via CompSource Published, which gives subscribers the ability to view, download and print reports. Your preview includes data on total s, promotional increases, variable pay and salary increases related to performance s. The data are segmented by employee groups, including executives; management, ; exempt, ; nonexempt salaried; and nonexempt hourly. The average s are reported with zeropercent included and excluded. The 2014 General Industry Salary Budget Survey - U.S. was conducted in early May 2014 through mid-july The complete results, available in early September, are based on the of 1,090 organizations.

2 Total Salary Increases Total increases, percentage of salary 2013 s 2014 s 2015 s granted budgeted projected Executives 3.3% % % % % % % % % 706 Nonexempt salaried 3.0% % % 531 Nonexempt hourly 2.8% % % 611 Total increases, percentage of salary Including companies granting no increases 2013 s 2014 s 2015 s granted budgeted projected Executives 3.0% % % % % % % % % 715 Nonexempt salaried 2.7% % % 553 Nonexempt hourly 2.7% % % 628 twdataservices.com 2014 General Industry Salary Budget Survey - U.S. 2

3 Promotional Increases Formal promotional increase budgets Organizations that have an established formal promotional increase budget organizations Percentage of organizations % 1,052 overall promotional increase budget as a percentage of total base salaries 25th percentile Median 75th percentile 0.5% 0.5% 1.0% 1.4% 243 Variable Pay Short-term incentive/bonus 2013 actual short-term incentive/bonus granted 2014 short-term incentive/bonus budgeted 2015 short-term incentive/bonus projected Median Median Median Executives 44.8% 41.0% 43.4% 41.0% 42.6% 40.0% % 18.0% 21.2% 20.0% 20.9% 20.0% % 10.0% 12.6% 10.0% 12.5% 10.0% 487 Nonexempt salaried 8.9% 6.0% 8.3% 5.0% 8.3% 5.0% 271 Nonexempt hourly 6.4% 5.0% 6.5% 5.0% 6.4% 5.0% 270 Discretionary bonus awards 2013 actual discretionary awards granted 2014 discretionary awards budgeted 2015 discretionary awards projected Median Median Median Executives 26.1% 14.5% 25.9% 15.0% 26.1% 15.0% % 4.6% 12.7% 5.0% 12.6% 5.0% % 3.7% 9.7% 5.0% 9.6% 5.0% 160 Nonexempt salaried 5.8% 3.0% 5.9% 3.0% 5.9% 3.0% 105 Nonexempt hourly 5.2% 3.0% 5.9% 3.0% 6.0% 3.0% 107 twdataservices.com 2014 General Industry Salary Budget Survey - U.S. 3

4 Salary Increases Related to Ratings s and average s 5.0% 4.0% % 2.0% % 0% excluding executives Nonexempt salaried Nonexempt hourly % granted for those with highest possible % granted for those with above-average % granted for those with average % granted for those with belowaverage 4.5% 3.5% 2.6% 0.6% % 3.6% 2.6% 0.7% 692 Nonexempt salaried 4.5% 3.4% 2.5% 0.7% 468 Nonexempt hourly 4.3% 3.3% 2.6% 0.7% 530 The disparity in s between stars and average performers remains pronounced. employees receiving the highest possible were granted an average increase of 4.5%, almost 73% higher than the 2.6% increase granted to those receiving an average. twdataservices.com 2014 General Industry Salary Budget Survey - U.S. 4

5 Salary Increases Related to Ratings (continued) s and average salary increases for management, excluding executives s and average salary increases for exempt, % of salary 13.4% 4.5% 31.0% 3.5% 51.0% 2.6% % of salary 10.5% 4.5% 29.1% 3.6% 55.2% 2.6% 4.6% 0.6% 5.2% 0.7% Number of : 698 Number of : 692 s and average salary increases for nonexempt salaried % of salary 10.5% 4.5% 25.9% 3.4% 57.0% 2.5% s and average s for nonexempt hourly % of salary 9.3% 4.3% 24.4% 3.3% 59.8% 2.6% 6.6% 0.7% 6.5% 0.7% Number of : 468 Number of : 530 twdataservices.com 2014 General Industry Salary Budget Survey - U.S. 5

6 Towers Watson Data Services Towers Watson Data Services is a leading provider of compensation, benefits and employment practices information to the global employer community. Our databases are recognized worldwide as the most reliable source of current data for compensation planning. Towers Watson Data Services 44 South Broadway, 13th Floor White Plains, NY T F twusdata@towerswatson.com twdataservices.com About Towers Watson Towers Watson is a leading global professional services company that helps organizations improve performance through effective people, risk and financial management. With more than 14,000 associates around the world, we offer consulting, technology and solutions in the areas of benefits, talent management, rewards, and risk and capital management. Copyright 2014 Towers Watson. All rights reserved. TWDS-NA E twdataservices.com /towerswatson