The insurance industry is forecasting higher salary increase budgets than all other industries in all employee categories for 2010, according to a survey from the Conference Board, New York.
The forecasted increase for insurance is 3.5%, says the report.
By comparison, the communications industry is reporting the lowest salary increase forecasts in all employee categories, says the Conference Board’s Annual Salary Increase Budgets Survey. This forecast for that group is for 2.5%.
Conducted in April 2009, the survey contacted 291 companies.