Salaries No Longer Keeping Pace With Inflation
While employees in some industries (cough journalism cough) won’t be surprised to learn that their salaries have not kept up with the cost of living, a new survey says that this unfortunate fact is now true across the board—the first time this has happened since 1980.
The WorldatWork 2011-2010 Salary Budget Survey found that as the average salary budget increase rose by 2.8 percent from April 2010-April 2011, inflation rose by 3.2 percent.
SHRM, the Society for Human Resource Management, explains
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