Magazine article Economic Trends

Small Business Employee Compensation

Magazine article Economic Trends

Small Business Employee Compensation

Article excerpt

COMPENSATION

A seasonally adjusted net 20 percent of owners reported raising employee compensation over the past three months, down one point from January. Back in July 2003, as few as 15 percent reported compensation hikes, well below the 34 percent recorded in May 2000 and the lowest since 1993. It appears that the pressure on compensation may have bottomed out in mid-2003 and is now rebounding as the job market heats up.

Plans to raise compensation fell one point to a seasonally adjusted 11 percent of all firms. With improving labor markets, compensation will likely maintain strength.

[GRAPHICS OMITTED]

Small Business Actual Compensation Changes
Net Percent ("Increase" Minus "Decrease") During Last Three Months
(Seasonally Adjusted)

       Jan   Feb   Mar   Apr   May   Jun   Jul   Aug   Sep   Oct   Nov

1999    29    31    26    27    30    32    30    29    30    29    28
2000    29    29    32    31    34    32    31    29    32    31    32
2001    32    34    32    32    31    29    29    30    26    26    23
2002    23    17    20    21    22    22    19    20    17    19    18
2003    19    17    16    17    20    16    15    17    17    19    17
2004    21    20

       Dec

1999    31
2000    33
2001    22
2002    20
2003    21
2004

Small Business Compensation Plans
Net Percent ("Increase" Minus "Decrease") in the Next Three Months
(Seasonally Adjusted)

       Jan   Feb   Mar   Apr   May   Jun   Jul   Aug   Sep   Oct   Nov

1999    17    18    21    23    19    18    18    18    21    19    21
2000    19    20    23    19    21    20    21    21    19    21    21
2001    22    18    21    17    18    15    15    18    13    13    14
2002    14    13    14    14    15    15    12    16    15    15    14
2003    12     9    14    13    10    11    10    14    10    12    14
2004    12    11

       Dec

1999    19
2000    19
2001    10
2002    11
2003    12
2004
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