Study: Tampa is No. 2 in Salary Increases

8/4/2009

Source: Tampa Bay Business Journal Online Daily

Tampa is the second best major metropolitan area nationally for getting a raise.

That’s the finding of the annual WorldatWork Salary Budget Survey. Rankings were based on average raise for middle performers.

Tampa reported a 2.2 percent average pay increase. Roughly 79 percent of companies plan to grant raises, the data showed.

In third place, Boston also reported a 2.2 percent average raise, with 77 percent of companies intending to grant them. Meanwhile, Washington ranked No. 1 in the study, with a 2.3 percent salary increase and 77 percent of companies planning increases.

Philadelphia, Denver, Chicago, Cincinnati, Dallas, New York and Baltimore round out the top 10, respectively.

WorldatWork, a nonprofit human resources association, received more than 2,600 responses from its members, which are employed in the human resource, compensation and benefits departments.

Founded in 1955, WorldatWork has a network of more than 30,000 members and professionals in 75 countries. It has offices in Scottsdale, Ariz. and Washington.

UPCOMING EVENTS

September 16, 2010
FROM ENTREPRENEUR TO PROFESSIONAL MANAGER
Tom James, Chairman
Feather Sound Country Club
2201 Feather Sound Drive
Clearwater, FL 33762
727-573-5666
LUNCH; 11:30AM-1:30PM; THIRD Thursday

October 14, 2010
Innovation Drives Smarter Business
John L. Kennedy, Global VP of Corporate Marketing
Centre Club
123 S. Westshore Blvd.
7:00 AM - 9:00 AM