According to Terry Pasteris, President of TLMP Consulting Group, the following are Compensation Trends in the US in 2013:
Uncertain economy
Fiscal cliff, debt ceiling, taxes, and spending cut uncertainty
Cautious hiring
Merits rebounding but not more than last year
Some promotions for gaps
Some bonuses but with higher goals
Mixed news on benefits with health care reform
Hiring/promotion/relocation freezes lifted in most companies
Reduced or postponed bonuses restored for the most part
Salary freezes and cuts are rare
Salary increases are happening but sparingly
Layoffs now typically for right-sizing only
New attitudes about when to retire mean that normal promotion vacancies for younger workers coming up aren’t there
401(k) matches restored, but some holding back or not fully restored
3-percent merit budget is the new normal; this might change if the economy heats up
The labor market is heating up
A lot of people didn’t move because there weren’t opportunities, but now there are
Source: California Employers Daily
