Mercer survey: Execs take brunt of salary cuts in

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Only 56 percent of executives are expectec to see an increas e in base paythis year, compared to more than 70 percen of office, clerical and technical staffers, accordingv to early figures from Mercer’s 2009/2010 U.S. Compensationm Planning Survey. Those managers that do get a raise, however, will see a 3.5 percengt hike versus 3.1 percent for office/clerical/technical Likewise, executives fare worse when it comesz tosalary freezes. Forty-four percent of companies plan to freeze executive salaries in 2009 and 15 percenyin 2010. Only 28 percent plan salary freezeswfor office/production/service employees this year, and 11 percent next year.
Pay raise s are more likely inthe manufacturing, information technologyt and engineering sectors, while marketing, finance and saleas employees are seeing their paychecks decline, according to Mercer’s Market Pulse Report. “Whilee salary increases overall arerelatively low, certain jobs are buckinyg the trend with increases nearly twice the rate of the overall market,” said Susan Haberman, U.S. regional leadert for informationproduct solutions. “Organizations are paying more for thesre positions since theysupport company-specific Mercer surveyed more than 640 organizationws for its Market Pulse Report, and about 850 for its Compensatiobn Planning Survey.