MERIT INCREASES – FAR WESTERN STATES GIVE HIGHEST INCREASES IN 2003
Employers in the Far Western states (CA, HI, AK, OR, and WA) may be giving larger merit increases than the rest of the nation – 3.8% to 4.4% to be exact. On the low end of the list, employers in the south (AL, AR, FL, GA, KY, LA, MS, NC, OK, SC, TN, and TX) only plan on giving between 2.6% and 3.2%. The national average was between 3.3% and 3.7%.
GENERAL INCREASES – NORTHEAST / MIDDLE ATLANTIC GIVE HIGHEST INCREASES IN 2003
Employers in the Northeast and Middle Atlantic regions (CT, DE, DC, ME, MD, MA, NH, NJ, NY, PA, RI, VT, AND VA) will receive slightly larger general increases (between 3.2% and 4.0%) than the rest of the nation. Employers in the Central / Rocky Mountain / Southwest states (AZ, CO, ID, KS, MT, NM, NE, NV, ND, SD, UT, and WY) were at the bottom of the list giving between 2.7% and 3.8%. The national average was between 3.1% and 3.5%.
Interestingly enough, only about a quarter of all survey respondents reported that they would be adjusting their rate ranges upward during the coming year.
BLR publishes this survey annually along with wage and hour compliance and best practices information. Results of the survey are reported in BLR’s newsletters. For a complementary copy of the survey results, contact Bruce Plent, Managing Editor at email@example.com.