NJ Hess Associates Blog / Patterns of Work

In the most recent Economic Research Institute (ERI) Quarterly newsletter, we hear something we have not heard much about in the news media, but which remains a critical point for employers to keep in mind.

Economic conditions are drastically affecting 2009 compensation administration. At the same time, the US is greatly increasing its money supply (restoring bank, auto, [...]

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Watson Wyatt has just issued a report on how employers are responding to the economic crisis. The results are surprising, and perhaps a bit shocking. Salary budgets for 2009 continue to be slashed, and projections are at the lowest point reported yet – 1.5% increases are the average for the coming year.
Here is the link: [...]

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