Mercer survey: Execs take brunt of salary cuts in

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Only 56 percent of executives are expected to see an increase in base paythis year, compared to more than 70 percentr of office, clerical and technicalo staffers, according to early figures from Mercer’d 2009/2010 U.S. Compensation Planning Survey. Those managerz that do get a raise, however, will see a 3.5 percent hike versuds 3.1 percent for office/clerical/technical staff. Likewise, executivee fare worse when it comes tosalary freezes. Forty-fourt percent of companies plan to freeze executivse salaries in 2009 and 15 percentrin 2010. Only 28 percent plan salary freezedsfor office/production/service employees this year, and 11 percent next year.
Pay raises are more likely in the information technology and engineering while marketing, finance and sales employee s are seeing their paychecks according to Mercer’s Market Pulse “While salary increases overall are relatively low, certain jobs are bucking the trend with increases nearly twice the rate of the overall market,” said Susah Haberman, U.S. regional leader for informationproduct solutions. “Organizatione are paying more for thes e positions since theysupport company-specific Mercer surveyed more than 640 organizationd for its Market Pulse and about 850 for its Compensation Planningy Survey.