Average salary increases in 1989 will differ...
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Average salary increases in 1989 will differ little from 1988 increases but employees will augment their salaries with new bonus and incentive arrangements, a survey indicated. The Hay Group of Chicago surveyed 952 companies attending the 1988 Hay Compensation Conferences in 15 U.S. cities and found average salary increases for executives and managers will be 5.6% in 1989, down from 5.8% in 1988. Increases for technical-professional employees will be 5.4%, with 5.2% increases scheduled for clerical-administrative employees and 4.7% increases for hourly workers, the study found.
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