Survey Shows Many Local Businesses Still Undecided About Year-End Increases for Employees

46% are still unsure what they will be doing when it comes to increases for year-end 2009

 

Stamford, CT. [November 4, 2009] It is with great excitement that human resources consulting firm, OperationsInc (OI) and management consulting firm, Performance-Solutions-Group, Inc. (PSG), announce the results of their HR End of Year Survey — part of a series of HRcentric surveys relating to today’s workforce. 160 organizations in the Fairfield / NY Metro Area participated in this survey which focused on Year-End Compensation Plans in the workplace.

The key findings from our survey:

  • 46% are still undecided on what they will be doing when it comes to increases for year end.
  • 56% are leaning towards or have decided to give increases.
  • 34% are leaning towards or have decided on no increases.
  • 53% are leaning towards or have decided to give bonuses.
  • 25% are leaning towards or have decided to give NO bonuses.

”I think the level of uncertainty out there when it comes to these results is indicative of the level of uncertainty still present in todays economy”, said David Lewis, CEO of OperationsInc. “Where in the past, decisions like these were made in August and September, in 2009 they may be made a payroll cycle or two away from year end.”

Founded by David Lewis in 2001, OperationsInc (www.OperationsInc.com) specializes in HR solutions for small businesses and HR professionals. OperationsInc’s portfolio of offerings includes such services as: Human Resources Outsourcing, Recruitment Management Services, Benefits Administration, Outplacement Services, Exit Interview Services, Payroll Administration and Management and Staff
Training.

Performance-Solutions-Group, Inc. (PSG) (www.performance-solutions-group.com) is a management consulting firm based in Stamford, CT founded by Wil Brewer in 2006, specializing in performance management, pay-for-performance compensation and diagnostic online surveys.

OperationsInc and Performance-Solutions-Group, Inc are both located at 992 High Ridge Road, Second Floor, Stamford, CT 06905.

David Lewis can be reached at (203) 322-0538 or info@operationsinc.com and Wil Brewer can be reached at 203-653-4692 or info@performance-solutions-group.com.

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