WorldatWork, a global human resources association, recently released a report listing the top 10 major metro areas where you’re most likely to get a raise this year.
The report is based on the results of the annual WorldatWork Salary Budget Survey, which includes more than 2,600 respondents representing 16 million U.S. employees.
So which metro area came in first? You might not be surprised that Washington, D.C. topped the list with a planned salary increase of 2.3 percent for middle performers during 2009.
“The Washington, D.C. labor market is dynamic and competitive when it comes to attracting, motivating and retaining talent,” Paul Rowson, managing director of the WorldatWork Washington Office and Conference Center, said. “Many organizations have chosen to locate here because of opportunities to do business with the federal government. With a projected 350,000 federal sector job openings in 2010, it’s easy to see why the Washington, D.C. labor market will continue to offer competitive compensation to keep top talent.”
Following Washington D.C. were Tampa and Boston, both of which are offering an average 2.2 percent salary increase for middle performers. However, 79 percent of Tampa employers are planning to give raises this year, compared to 77 percent of Boston employers.
The full top 10 metro areas are as follows:
- Washington, D.C. – average raise of 2.3 percent, 77 percent of companies giving raises
- Tampa – average raise of 2.2 percent, 79 percent of companies giving raises
- Boston – average raise of 2.2 percent, 77 percent of companies giving raises
- Philadelphia – average raise of 2.1 percent, 77 percent of companies giving raises
- Denver – average raise of 2.1 percent, 76 percent of companies giving raises
- Chicago – average raise of 2.1 percent, 76 percent of companies giving raises
- Cincinnati – average raise of 2.1 percent, 75 percent of companies giving raises
- Dallas – average raise of 2.1 percent, 75 percent of companies giving raises
- New York – average raise of 2.1 percent, 75 percent of companies giving raises
- Baltimore – average raise of 2.1 percent, 75 percent of companies giving raises
Popularity: 3% [?]
August 7th, 2009 at 2:29 pm
Jennifer –
You may want to consider the cost of living differences between these cities, because without that information (I am assuming it has not been normalized) you can’t measure ‘real’ takehome salary.