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August 22, 2003
Survey: Employee Salary Levels Remain Flat in 2003
More than two-thirds of hiring managers (68 percent) surveyed in the metropolitan New York area say their companies have not implemented any employee salary increases in 2003, according to a survey conducted for The New York Times Job Market.

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Nearly the same proportion of hiring managers (67 percent) say they expect salaries at their companies to remain at current levels for the remainder of 2003.

Thirty-two percent (32 percent) of hiring managers surveyed say that their organizations have implemented salary increases in 2003 compared to 47 percent in 2002. According to the survey, the median salary increase to date in 2003 is 4 percent.

Beta Research Corporation, on behalf of The New York Times Job Market, conducted telephone interviews with 250 hiring managers.

Hiring managers who gave increases say they consider several criteria to determine employee salary increases, including:

  • Individual employee performance - 74 percent
  • Company performance - 36 percent
  • Department performance - 21 percent
  • Union contract - 6 percent
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