Employee Benefits Summit: 21% of organisations intend to increase pay by 2.5% to 2.99%

One-fifth of delegates at this year’s Employee Benefits Summit intend to implement pay rises between 2.5% and 2.99% in in 2010.

Some 21% of delegates said they intended to do so in an interactive vote during last week’s summit in Monte Carlo, which brought together 50 reward and human resource managers from organisations such as IBM, Orange, Lloyds Banking Group, Time Warner and Paramount Pictures.

While 17% of respondents are still unable to lift pay freezes in 2010, another 17% intend to raise pay between 1% and 1.49%, and 12% intend to increase pay by 2% to 2.49%.

Delegates were also asked how salary increases will be spread out across their workforce. The majority of respondents (32%) will be focusing on key groups, 30% will be applying pay rises across the workforce, and 7% will be focusing specifically on low earners.

Read more results from the interactive vote