According to information provided by the 2013 Compensation Planning Outlook’s 401 survey respondents, the average pay increase for non-unionized employees is projected to be 3.0 per cent in 2013—0.8 percentage points above the 2.2 per cent total inflation rate forecast for the year ahead. The actual overall increase for 2012 was also 3.0 per cent. On average, organizations spent 11.3 per cent as a percentage of total base pay spending on short-term incentive pay plans in 2012, compared with targets of 10.9 per cent. In 2013, organizations expect to spend 11.1 per cent as a percentage of total base pay spending on short-term incentive pay. Other results from the survey included in the report address base pay, short- and long-term incentive plans, pensions, rewards strategy and priorities, recruitment and retention, and negotiation issues.
Read the Compensation Planning Outlook 2013: Mid-Year Pulse Check