Increases in U.S. salaries remain historically low, but projections for 2011 show a modest increase, according to The Conference Board annual salary increase budgets survey report.
For the second consecutive year, the median salary increase budget is 2.5 percent. Projections for 2011 show a modest increase to 3 percent.The lowest median salary increase budget forecast for 2011 is in the transportation industry—2.25 percent for exempt employees and executives. The insurance industry also is below the 3-percent median overall forecast for non-exempt salaried, exempt, and executives, while the banking sector reported the lowest projected 2011 increase for non-exempt, hourly employees. Across industries, the 2011 forecast for salary increase budgets showed little variation, with no employee group in any industry projected to exceed the overall median of 3 percent.
Pay for performance continues to be the common approach for the allocation of salary increase budgets, as companies remain focused on higher-performing employees and growth businesses. While most companies have not budgeted general increases, overall merit increase percentages for both 2010 actual and 2011 projected budgets mirror the trend of those of total increases.
Having lived, attended schools, worked and raised a family in Santa Barbara, Don has a unique and in depth knowledge of Santa Barbara County. He has been a top producer for over 26 years in his association with Coldwell Banker and their predecessors. Don specializes in neighborhoods such as the Upper Westside of Santa Barbara, the lavish Bel Air Knolls, and Cold Springs in Montecito. With an in depth knowledge of these neighborhoods and their buying/selling history, he is better capable of getting your house on the market, getting it noticed, and getting it sold effectively. His experience in Santa Barbara will lead you to find that house that best suits your needs.
Don was raised in Santa Barbara. In his youth he played football in high school and college. Don and his wife Holly have been married for over 40 years and have three adult children, two sons and a married daughter. They are proud Grandparents of four young children. Don's idea of a fun vacation is backpacking in the wilderness with his extended family. Don's first love is his family followed by tennis and the wonderful and inspiring escape to nature during vacation.
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