Many organizations have chosen to locate here because of opportunities to do business with the federal government. With a projected 350,000 federal sector job openings in 2010, it’s easy to see why the Washington, D.C. labor market will continue to offer competitive compensation to keep top talent.
Washington, DC (PRWEB) August 4, 2009 –-
WorldatWork, a global human resources association, announces its Top 10 List of Major Metro Areas for Getting a Raise in 2009. The list is based on the results of the annual WorldatWork Salary Budget Survey, the largest survey of its kind with more than 2,600 respondents representing 16 million U.S. employees.
Washington, D.C. tops the list of U.S. major metro areas with a planned salary increase of 2.3 percent for middle performers in 2009. “The Washington, D.C. labor market is dynamic and competitive when it comes to attracting, motivating and retaining talent,” said Paul Rowson, managing director of the WorldatWork Washington Office and Conference Center. “Many organizations have chosen to locate here because of opportunities to do business with the federal government. With a projected 350,000 federal sector job openings in 2010, it’s easy to see why the Washington, D.C. labor market will continue to offer competitive compensation to keep top talent.”
Tampa and Boston rank 2nd and 3rd on the WorldatWork list. Both are awarding an average of 2.2 percent salary increases for middle performers, though more Tampa employers are planning to award raises this year: 79 percent compared to Boston’s 77 percent.
WorldatWork Top 10 Major Metro Areas for Getting a Raise in 2009*
Average Raise/% of companies giving raises
Washington, D.C.: 2.30%/77%
New York: 2.10%/75%
*Based on average pay increases for middle performers, percentage of companies planning to award raises and percentage of employees in that metro area receiving a raise (not shown).
About the Survey:
WorldatWork collected survey data in April 2009. Survey respondents are WorldatWork members employed in the HR, compensation and benefits departments of mostly large U.S. companies. The 25 largest metro areas were chosen based on several indexes, primarily population and employee base. A free Webinar to understand and apply the results will be held on August 25 for HR practitioners involved in compensation.
The Total Rewards Association
WorldatWork (worldatwork.org) is a global human resources association focused on compensation, benefits, work-life and integrated total rewards to attract, motivate and retain a talented workforce. Founded in 1955, WorldatWork provides a network of more than 30,000 members and professionals in 75 countries with training, certification, research, conferences and community. It has offices in Scottsdale, Arizona, and Washington, D.C.
This press release was distributed through eMediawire by Human Resources Marketer (HR Marketer: http://www.HRmarketer.com) on behalf of the company listed above.