Few Salary Increases Expected

Jan. 13, 2005
Only three of the 24 locations surveyed in the 1997 Towers Perrin worldwide total remuneration study--Mexico, Venezuela and Shanghai--project double-digit salary increases for 1998. The reason? Companies are putting more emphasis on variable, ...

Only three of the 24 locations surveyed in the 1997 Towers Perrin worldwide total remuneration study--Mexico, Venezuela and Shanghai--project double-digit salary increases for 1998. The reason? Companies are putting more emphasis on variable, performance-based pay at both the lower and the executive levels. There is also a growing emphasis on stock options and other long-term incentives, says Robert Freedman, leader of Towers Perrin's international compensation consulting practice.

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