Mercer Consulting reported results of its recent Snapshot Survey, where more than 1,000 organizations in the first two weeks of November told about the challenges they face as a result of the current economic turmoil.
Despite all the bad news, according to Mercer, most appear to be “refraining from taking drastic actions.”Here are a few benchmarks:
- Nearly three-quarters of respondents say they are somewhat or very likely to reduce their 2009 pay increase budgets, but far fewer are somewhat or very likely to freeze salaries across the organization. Nearly two-thirds are not planning to reduce work forces by “significant levels.”
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