Business

Aon Hewitt: Outlook For Salary Increases “Bleak”

A survey by human resources firm Aon Hewitt forecasts marginal salary gains next year, both in Houston and around the country.

The survey projects salary gains in Houston will average 3.3% in 2013. That’s better than the national average, expected to rise just %. But both fall far short of pre-recession salary hikes, which averaged 4% or higher.

Ken Abosch is Aon Hewitt’s marketing, strategy and development practice leader.

“The results are a continuation of a fairly bleak outlook from a salary increase standpoint. Most organizations are increasing their budgets just slightly, about one tenth of a percent, in terms of salary increase spending.”

Abosch credits higher-than-average raises in the energy sector for lifting Houston’s numbers. He says companies are likely to limit raises even after the economy rights itself as a way of holding down fixed costs. But he says they are budgeting much more heavily for bonuses.

Share

Andrew Schneider

Andrew Schneider

Politics and Government Reporter

Andrew heads Houston Public Media’s coverage of national, state, and local elections. He also reports on major policy issues before the Texas Legislature and county and city governments across Greater Houston. Before taking up his current post, Andrew spent five years as Houston Public Media’s business reporter, covering the oil...

More Information