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!
December 10, 2007
Most HR Pros Say Raises Will Exceed Cost of Living Increase
Just over half of HR professionals reported that their company's average 2008 raise would exceed the projected 2.3 percent cost of living increase, according to a recent poll.

When asked "Will your average 2008 raise exceed the projected 2.3 percent cost of living increase?," 55 percent responded "Yes" while 20 percent responded "No." Meanwhile, 15 percent responded that "We don't know yet," while 10 percent responded "What raises?"

In October, the Social Security Administration projected a 2.3 percent cost of living increase for 2008.

Earlier this year, the American Payroll Association asked American workers whether their most recent pay raise covered the increase in cost of living, calculated by the government to be 3.3 percent for 2007. Just 37 percent of these workers said that it had.

The poll included 396 respondents.

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
Copyright © 2017 Business & Legal Resources. All rights reserved. 800-727-5257
This document was published on
Document URL: