State:
Free Special Resources
Get Your FREE Special Report. Download Any One Of These FREE Special Resources, Instantly!
Featured Special Report
Claim Your Free Cost Per Hire Calculator
This handy calculator lets you plug in your expenses for recruiting, benefits, salaries, and more.

Graphs automatically generate to show you your annual cost per hire and a breakdown of where you are spending the most money.

Download Now!
August 04, 2009
Poll: No Raises (or Worse) for Nearly 40% of Employees in 2009
Over 1 in 3 (39 percent) U.S. employees reports that, due to economic downturn, they either have not received a raise or that their compensation actually has decreased in 2009, according to a new poll.

The ComPsych Corporation poll asked employees “Has the economic downturn impacted your work? If so, in which area have you experienced the greatest impact?” The most frequent response—cited by 39 percent of employees—was that they’d either not received a raise or that their compensation had decreased this year. Another 20 percent replied that the economic downturn had created more stress and/or conflict among coworkers.

Meanwhile, 11 percent indicated that they were doing more work due to layoffs in their organization, while another 10 percent said they were working more hours and unable to take as much vacation as usual. Only 1 in 5 respondents (20 percent) said that the economic downturn had not impacted their work.

“We continue to see increased call volume from employees who need help managing their finances in this challenging environment,” said Dr. Richard A. Chaifetz, Chairman and CEO of ComPsych, a provider of employee assistance programs. “Our customers, realizing the need for supporting and educating employees with financial information, have been promoting the EAP as a place to turn for help as well as scheduling personal finance seminars for their workforce.”

For a Limited Time receive a FREE Compensation Market Analysis Report! Find out how much you should be paying to attract and retain the best applicants and employees, with customized information for your industry, location, and job. Get Your Report Now!
Featured Free Resource:
Cost Per Hire Calculator
   
   
 
 
Twitter  Facebook  Linked In
Follow Us
CT-WEB06
Copyright © 2016 Business & Legal Resources. All rights reserved. 800-727-5257
This document was published on http://Compensation.BLR.com
Document URL: http://compensation.blr.com/Compensation-news/Compensation/Compensation-Administration/Poll-No-Raises-or-Worse-for-Nearly-40-of-Employees/