While a majority of employees around the globe can expect bonuses and a pay rise this year, 23% of employers have said they will face a hiring freeze or headcount freeze in 2013.
According to the Annual Regional Client Survey for 2012/2013 by Bó Lè Associates, the majority of respondents (63%) said that they would give a bonus of between one and three months.
On average, the majority of companies will increase salaries by 5-10%. The Financial Services industry is looking to offer the lowest salary increase in 2013 (less than 5%).
On the recruitment front, Executive search and Internal Promotions were most prominently used for executive-level hiring last year. Come this year, half of companies overall are looking to add 5-10% staff. Only a handful of total respondents (four per cent) noted that they would hire over 30% extra staff in 2013. On the other hand, over 23% of respondents noted they will have a hiring or headcount freeze in 2013, especially in Transportation/Logistics.