According to Human Resource Executive Online several recent studies suggest workers could see some small increases in average base salaries and a possible return of variable pay programs in 2011.
This prediction comes from the results of four recent surveys — by Mercer, Towers Watson, Hay Group and WorldatWork – all of which project modest increase (between 2.5% and 3%) and increases in bonus pools. You should expect most companies to have strategies to reward top performers while trying to hold the budget in a continue period of economic and business uncertainty.
Unfortunately the potential offset to any of these salary increases will be an increase in the employee health care costs. The Hill’s Healthwatch blog reports that:
Faced with skyrocketing healthcare costs and new insurance rules under healthcare reform, more of the nation’s biggest businesses are planning to hike premiums and cost-sharing measures on their employees next year, according to a survey of those companies released Wednesday.
Seventy percent of large employers said they will eliminate lifetime dollar caps on overall benefits, according to the latest annual survey conducted by the National Business Group on Health (NBGH), while 63 percent plan to increase premium rates in 2011, up from 57 percent this year.
Forty-six percent intend to hike maximum out-of-pocket costs for workers next year, up from 36 percent in 2010. Forty-four percent intend to increase in-network deductibles.
An additional 5 percent plan to drop retiree healthcare coverage in 2011, while another 60 percent are eyeing that strategy for the future, the survey found.
As I have mentioned several times in this blog, we are still hiring Account Executives in markets like Springfield, MO; Bentonville, AR; and College Station, TX.
We are looking for experienced B2B sales professionals who want to join a stable, growing company, one which provides them with an unlimited earning potential, and advancement opportunities, selling products that truly help our customers. If that sounds like you, we do want to talk with you. This is an outside sales position in which you will help a wide variety of businesses to develop and implement marketing programs which bring customers to their doors.
Names & Numbers is an established leader in local advertising across the 11 state area we serve. For over 36 years our team of ACCOUNT EXECUTIVES has worked with local companies on innovative print, online, and mobile Yellow Page programs. Our products are heavily utilized resources in the local community and come in a range of formats – print, online, and mobile.
- Typical first year earnings (at plan) are in the $65k+ range, but commissions are only limited by your desire to make money.
- Career advancement opportunities (we prefer to promote from within – our managers in Lubbock and Midland are recent promotions within the last year)
- Health, dental, vision, life and 401K benefits where the employees contribution shrinks for each year they are here with the company
- Paid professional sales training
For more information about the opportunity, go to: www.namesandnumbers.com/Careers/account-executive-ad-2008.pdf
Send me your resume now to email@example.com
And one more note: we are an Equal Opportunity Employer.