Skip Nav
How to Clean Your Front-Loading Washing Machine
How to Clean Your Front-Loading Washing Machine
How to Get the Row to Yourself on a Plane
9 Tips For Scoring an Empty Row on a Plane
44 Quote Tattoos That Will Change Your Life

Median Salary Raises in 2009

Pay Raises Are Barely There in 2009

Goldman Sachs employees might be poised to earn record bonuses this year, but the average employee is lucky if she receives a raise that covers the cost of living. According to The Wall Street Journal, human-resource consultants Watson Wyatt Worldwide Inc. and Hay Group estimate that median pay raises for 2009 ranged between two and three percent.

Given that millions of Americans remain jobless and others are dealing with reduced hours, the barely there raises for employees might seem fair. But when the future isn't looking so good in terms of making up for this year's low or no pay increases, it's easy to see how the lack of incentive might encourage mediocre productivity. Another consulting firm, Hewitt Associates, ran a survey that indicates the same record low increase for 2009 determined by the other two surveys, and it predicts a minor improvement for 2010.

Did you receive a raise this year?

Image Source: Getty
From Our Partners
How Much of My Paycheck Should I Save?
Jessica Chastain Quotes About Pay Gap
How to Be Happy at Work
Donald Trump Says He Won't Hire "Poor People"
Why You Need to Tell Friends How Much You Make
Gina Rodriguez Talking About Gender Wage Gap 2017
How to Get a Higher Starting Salary
Iceland Moves to Close the Gender Pay Gap
Recession-Proof Jobs
Best College Majors For Lucrative Careers
How Much Do TV Characters Make?
Reasons to Get to Work Early
From Our Partners
Latest Affordable DIY & Organization
All the Latest From Ryan Reynolds