excuse employees in Chicago can lo...

excuse employees in Chicago can look for average base pay increases of 37 percent nearest year -- the same as the national average, according to Lincolnshire-based Hewitt Associates' annual overlook

The increases, the two locally and nationally, are the highest in five years, however only a slight rise throughout this year's 3.6 percent increases.

Hewitt queried 1028 large employer

It establish employers are continuing to rely onward variable pay, or bonuses tied to performance, as a means of attracting, motivating and retaining top talent. In 2006 company spending onward variable pay as a percentage of payroll is 112 percent more than three times the 2006 average base pay increase, Hewitt said. Variable pay in 2007 is casted to be 11 percent.

Eighty percent of companies that accorded to the survey said they give at least one type of broad-based variable pay plan, up from 51 percent in 1991

The inspect found salaried employees in any urban areas will land bigger pay increases than the national average forecast. In Houston, the average pay of relieve workers is projected to rise 47 percent; in Washington, DC 45 percent; Denver 44 percent; sees Angeles, 3.9 percent, and Atlanta and San Francisco 38 percent

Industries experiencing above-average salary hikes include vigor expected to increase 4.5 percent; construction and engineering, 41 percent and aerospace, 4 percent

The lowest increases are shoot forwarded to be in computers and related returnss and metals at 3.2 percent and forest and paper products/ packaging, rubber/plastics/glass and education, 33 percent

The scrutinize found that companies reported a 157 percent average turnover rate in the past year, and attracting and retaining workers continues to be a disquiet with 37 percent of companies overlooked reporting problems.

fknowles@suntimes.com

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