Raises for area salaried workers will dip slightly next year
08/29/2013 10:25 AM
08/29/2013 6:35 PM
Kansas City area salaried workers could see raises averaging 3.2 percent in 2014, down from 3.3 percent this year, according to a survey released Thursday by benefits firm Aon Hewitt.
The numbers reflect pay for salaried exempt employees.
Still, the projected pay increase is slightly better than the 3 percent increase expected nationally, the company said. In 2013, salaries increased 2.9 percent nationally.
Aon Hewitt, in its annual salary survey of 1,147 companies, said the projected increase in base pay in 2014 is the highest nationally since 2008, when salaries increased 3.7 percent for salaried exempt employees.
“While it appears that pay levels are slowly rebounding, we’re still far below pre-recessionary levels of compensation spending as companies try to hold the line on fixed costs,” said Ken Abosch, Aon Hewitt’s compensation, strategy and market development leader.
Aon Hewitt listed projected 2014 salary increases nationally for other employee designations: salaried non-exempt workers, 3 percent, up from 2.8 percent in 2013; executives, 3 percent, up from 2.9 percent; non-union hourly, 2.9 percent, up from 2.7 percent; and union, 2.6 percent, unchanged.
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