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 pay this compared to more than 70 percent of clerical andtechnical staffers, according to early figures from Mercer’s 2009/2010 U.S. Compensation Planninhg Survey. Those managers that do get a however, will see a 3.5 percent hike versus 3.1 perceng for office/clerical/technical staff. Likewise, executives fare worsde when it comes tosalary freezes. Forty-fourt percent of companies plan to freezew executive salaries in 2009 and 15 percentin 2010. Only 28 percengt plan salary freezesfor office/production/service employees this year, and 11 percentf next year.
Pay raises are more likely in the information technology andengineering sectors, while finance and sales employees are seeinfg their paychecks decline, according to Mercer’sa Market Pulse Report. “While salaryu increases overall arerelatively low, certain jobs are buckinb the trend with increases nearly twice the rate of the overalll market,” said Susan U.S. regional leader for informationproduct solutions. “Organizations are payinyg more for these positions since theysupport company-specific needs.” Mercer surveyed more than 640 organizations for its Marketr Pulse Report, and about 850 for its Compensationh Planning Survey.