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Study: Raises and Turnover Lower in Tennessee and Florida Than National Averages
Date:10/5/2009

Effective Resources, Inc. releases salary and benefits data representing more than 1.9 million employees from Tennessee and Florida

Knoxville, TN (PRWEB) October 5, 2009 -- Lower employee turnover and lower merit raises are the findings of annual salary, wage and benefits surveys by Effective Resources, Inc.

The salary survey -- held in coordination with the Tennessee SHRM State Council Inc., a Society for Human Resource Management affiliated council --covers data from 164 Tennessee and 167 Florida employer participants, representing more than 1.9 million employees.

The Tennessee regional surveys cover East, West and Middle Tennessee with an overall survey covering the entire state. The Florida regional surveys cover Tampa Bay, South Florida, and Northeast Florida, while the overall survey covers the entire state. The wages reported include industry groups such as banking, finance and insurance, government/education, healthcare, hospitality and restaurants, manufacturing/distribution, not-for-profit, services (business/consumer) and sales (retail/wholesale) and more.

Among the highlights of the survey's findings for Tennessee:

- The average monthly employee turnover for Tennessee employers is 2.3%--considerably lower than the national average of 3.6%.

- The reported 3.5% planned merit increase is higher than other reported averages of 2.8% to 2.9% for the state and lower than the national average of 3.8%.

Among the highlights of the survey's findings for Florida:

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Source: PRWeb
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