salary

American consumers pressed by slack salaries and growing prices have now less belief in that they would bring more money home and they think that such chances are now at their lowest in 25 years, says the analysis of survey data by Goldman Sachs.

Jan Hatzius, Goldman’s economic, analyzed the University of Michigan and Thomson Reuters poll, which asks consumers whether they believe their family income will rise more than inflation in the next 12 months.

Jamie Dimon, 55, head of JP Morgan Chase became one of the most discussed people this week.  According to AP the compensation of Dimon in 2010 rose to $20.8 million from $12.7 million in 2009.  

As reported by website Silicon Alley Insider, who cited a source familiar with the case, Google is increasing a pay for its staff by 10% at the start of next year.

Google CEO Eric Schmidt reported the company’s more than 23,000 employees of the raise by email, according to the Wall Street Journal report.

Silicon Alley Insider reported that Google is giving all its employees a $1,000 holiday bonus in addition to pay increases of at least 10 percent.

According to CareerBuilder.com, an online jobs site that surveyed more than 2,700 hiring managers and human resource professionals, one-fifth of employers plan to add full-time, permanent employees next year, up from 14 per cent in 2009.
Just 9 per cent said they plan to cut head count in 2010, down from 16 per cent in 2009, according to the nationwide survey.

 As large and small companies in the United States are increasingly cutting their workforces the federal government meantime continues hiring employees with 600,000 scheduled to be employed with the next four years which is 50% more than it was hired over the previous four years.

 According to a new study, employees recruitment will be a top priority for many US companies after the economy returns to normal state. Over 30% of senior executives representing largest American companies say that staff enlargement will be first in the list of their tasks, reports the survey.

Meantime, 21% say they will increase salaries to their existing workers and 15% say they will increase or reinstitute bonuses.