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

e average monthly employee turnover for Florida employers is 2.3%--considerably higher than the 1.8% reported last year but much less than the national average of 3.6%.

- A marked decrease in merit increases. The reported 3.2% planned merit increase is lower than the national average of 3.8% and is down from 3.6% as reported in last year's survey.

"If you can afford a merit increase, do it." suggests Barry Brown, president of Effective Resources Inc., the owners of SalarySurveyOnline.com. "When things start to return to normal, you'll be in a more competitive position. If not, consider non-cash rewards and don't hesitate to budget merit increases when your company's survival is a little more certain."

Aggregate wage information is reported for over 300 jobs with data break-outs by region, industry, company size, and more. The surveys also include an extensively detailed eight-section benefits report with details for medical premium increases, life insurance and disability plans, medical out-of-pocket costs, 401(k) matching, vacation and sick time, and other important issues facing today's employers.

Visit SalarySurveyOnline.com to learn more about the surveys and their availability.

Click here to view a complimentary Executive Summary for the State of Tennessee:
http://www.SalarySurveyOnline.com/Default.asp?Location=ES/SSO_TNES_2009.pdf&RefCode=PressRelease2009

Click here to view a complimentary Executive Summary for the State of Florida:
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Source: PRWeb
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