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Next Year's Paycheck Is Safe, Study Says

Next Year's Paycheck Is Safe, Study Says

Despite speculation that salaries in 2010 may be lower than 2000, next year's paycheck is probably safe. That is according to a recent study that shows that employers don't expect to make major changes to next year's salary budgets.

So how are our checks safe despite the dangerous economic climate and tightening of corporate budgets? Most salary budgets for next year were mapped out in April. Unfortunately, the same study found employers do plan to slim workforces, cut back on hiring, and minimize bonus payouts.

Earlier this month, the New York firm looked at 2009 salary-budget projections for 190 midsize and large US firms with a total of 2.8 million employees and average annual revenue of $5 billion. The majority — 58 percent — said they haven't changed their budget projections from April; 24 percent said they have, but plan to reduce their budgets by only one-half of a percentage point. Surprisingly, 18 percent said they expect to increase their budgets from the Spring by one-tenth of a percentage point.

Do you expect your paycheck will be reduced, stay the same, or see a healthy growth?

Join The Conversation
verily verily 8 years
I just got a nice raise... I'm not worried.
mondaymoos mondaymoos 8 years
I'm expecting a nice raise in January. :) There's a rumor going around the office that there will be a nice Christmas bonus too since this tax season went so well. I'm trying not to get my hopes up. ;D
HeidiMD HeidiMD 8 years
I take my oncology boards next May, and while I'm certain I'll pass with flying colors, I'm not so certain about the money. There's no way I'll get less than what I make right now, which is enough to live happily on, but I was looking forward to a substantial increase. I'm suspicious that won't happen anymore! Who knows, though?
aprilmayjune4 aprilmayjune4 8 years
...that is, of course, if you actually have a job.
ilanac13 ilanac13 8 years
well i'm not worried that my paycheck will go down for next year, i just have this fear that i'll get a paltry raise like i did this year and that's the most upsetting thing. i think that wehn you're expecting a decent size increase based partly on the 'cost of living' increase as well as an increase in responsibilities, along with a good review and you don't get that - well it makes you think of a lot of things - i was just talking to a friend today who was thinking about 'weighing his options' in his current company but his fear is that if he leaves where he is and they do layoffs at a new company, would he be the first to go?
bluepuppybites bluepuppybites 8 years
Ok what does that woman do for a living? Her blouse seems a little too low cut, and he's just throwing her money. Hmm...
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