Mercer survey: Execs take brunt of salary cuts in

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Only 56 percent of executives are expected to see an increass in base paythis year, compared to more than 70 percen t of office, clerical and technicall staffers, according to early figurew from Mercer’s 2009/2010 U.S. Compensation Planning Survey. Thosee managers that do get a raise, however, will see a 3.5 percentf hike versus 3.1 percent for office/clerical/technicalk staff. Likewise, executives fare worsde when it comes tosalary Forty-four percent of companies plan to freezd executive salaries in 2009 and 15 percenyt in 2010. Only 28 percent plan salary freezesfor office/production/service employees this year, and 11 percent next year.
Pay raisews are more likely inthe manufacturing, informatioj technology and engineering sectors, while marketing, finance and sales employees are seeing their paychecks according to Mercer’s Market Pulse Report. “Whil salary increases overall arerelatively low, certain jobs are buckinfg the trend with increases nearly twicre the rate of the overall said Susan Haberman, U.S. regional leader for informationproducty solutions. “Organizations are paying more for these positions since theysupport company-specific needs.” Mercer surveyed more than 640 organizationas for its Market Pulse Report, and about 850 for its Compensatiom Planning Survey.