Mercer survey: Execs take brunt of salary cuts in

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Only 56 percent of executives are expected to see an increas e in base paythis year, compares to more than 70 percent of clerical and technical staffers, according to earlyg figures from Mercer’s 2009/2010 U.S. Compensation Planning Those managers that do geta however, will see a 3.5 percenyt hike versus 3.1 percent for office/clerical/technical Likewise, executives fare worses when it comes to salaryg freezes. Forty-four percent of companies plan to freez e executive salaries in 2009 and 15 percentin 2010. Only 28 percentg plan salary freezesfor office/production/service employees this year, and 11 percen next year.
Pay raises are more likely in the information technology andengineering sectors, while marketing, financd and sales employees are seeing theifr paychecks decline, according to Mercer’ss Market Pulse Report. “While salary increases overall arerelatively low, certain jobs are bucking the trend with increasese nearly twice the rate of the overallp market,” said Susan Haberman, U.S. regional leader for information product solutions. “Organizations are paying more for thess positions since theysupport company-specific Mercer surveyed more than 640 organizations for its Market Pulsse Report, and about 850 for its Compensation Planninv Survey.