Culpepper eBulletin: Compensation and Benefits Trends

The Culpepper eBulletin

Compensation & Benefits Trends

Wednesday, November 19, 2008

Impact of Economic Downturn on 2009 Compensation Plans
This Culpepper Pay Trends Survey focuses on how the recent financial crisis and economic downturn has impacted compensation plans and budgets for 2009. If you are responsible for compensation in your organization, we invite you to participate in this survey. After you participate, you will be able to view preliminary results online. We will e-mail participants detailed results when the final report is available early December.
Participate and View Results

Salary Range Structure Practices and Increase Budgets for 2008 and 2009
Results from Culpepper’s annual survey of salary structure increase budgets reveals that salary range structure increases are projected to increase slightly in 2009. This year’s report also includes data on salary structure design approaches, including how often ranges are reviewed, number of salary structures companies utilize, types of structures used, salary range spreads, and midpoint-to-midpoint differentials.
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Salary Increase Budgets for 2008 and 2009
Results from Culpepper’s annual survey of base salary increases reveal that most organizations plan to increase base salaries at a slightly lower rate in 2009. Despite high oil costs and inflation, few companies are adjusting 2009 salary increase budgets higher to account for increases in the costs of living. Most executives maintain an optimistic outlook for 2009, with only two percent of companies planning to freeze salaries for all employees.
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Enhance Your Total Rewards Plan with Voluntary Benefits
Voluntary benefit programs are a cost-effective way for companies to enhance their total rewards plan and improve their ability to attract and retain employees. Results from a recent Culpepper Benefits Trends Survey highlight a variety of different voluntary benefits offered to employees, including typical reasons why companies choose to offer voluntary benefits.
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Consumer Driven Health Plans (CDHPs)
If you are responsible for U.S. medical benefits in your organization, we invite you to participate in our surveys covering High-Deductible Health Plans (HDHPs) with Health Savings Accounts (HSAs) and Health Reimbursement Arrangements (HRAs). After you participate, you will be able to view preliminary results online and a copy of last year's report. We will e-mail participants detailed results when the final report is available.

Future Topics and Surveys Featured in the eBulletin
The following topics and survey results will be covered in future issues of the Culpepper eBulletin.

Strategies to Control Compensation Costs in 2009 (Survey Results Available in Late November)

Board of Directors Pay Practices (Survey Results Available in Late November)

Severance and Change-in-Control Practices (December)

2009 Hiring Plans, Headcount Distribution, and Turnover (January)

About Culpepper

Culpepper and Associates, founded in 1979, conducts worldwide salary surveys and provides benchmark data for compensation and employee benefit programs. Our data spans a wide range of jobs in IT, technology, and life science organizations, from board members down through every area, function and level.

The Culpepper eBulletin is a free monthly compensation and benefits e-mail newsletter with current trends based on our research of IT, technology, and life sciences industries.

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"Source: Culpepper Surveys, November, 2008. www.culpepper.com"