Salary Increases in 2008 Expected to Be 4%

Posted under Compensation on August 5th, 2007

Fast Money
According to the Compensation Force Blog, 2008
salary increases are expected to average 4%. With that in mind, job
seekers should consider strategies for negotiating their total
compensation packages that go past the base salary. By negotiating a
signing bonus or pro-rated bonus based on individual or company
performance, job seekers may be able to barter for a more generous
total rewards package. Stock options and company perks like cell phones
and laptops when appropriate may also be requested to help “sweeten the
pot”. Companies will only budge so far when negotiating a performance
increase. Try to negotiate more of the “extras” before you take the job
to help compensate for some of the “average” salary increases you may
be offered along the way.

Posted by Barbara Safani

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