Operators Buck Salary Freezes In 2009, 2010: CTHRA Study3/12/2010 8:40 PM Eastern
The salary freeze that has engulfed a significant portion of the labor force did not impact employees of cable and satellite operators, according to a study by Cable and Telecommunications Human Resources Association.
While some 30% of employers in the U.S. froze salaries in 2009 and another 14% are projected to hold workers' wages this year, none of the nine cable and satellite operated surveyed by CTHRA in November 2009 said they implemented salary freezes last year or plan to enact them in 2010.
Of the 19 programmers and broadcast networks surveyed, 11% reported frozen merit increase budgets for 2009, down from 18% reported in CTHRA's July 2009 survey. This year, 14% of the networks expect to hold the line on salaries.
CTHRA's survey also found that industry employers have budgeted approximately 3% for merit increase for 2010, better than the general-industry projection of 2.7%.
The year-end survey, an adjunct to CTHRA's "Annual Compensation Survey" completed in July 2009, was conducted by The Croner Company, a leading compensation survey firm.
"There is no denying that salary freezes are sometimes inevitable," said CTHRA executive director Pamela Williams in announcing the survey results. "Many industries have to face the fact that their value proposition and operating model have bumps. However, results from CTHRA's latest compensation survey show that retaining talent remains a high priority for the cable and satellite business, even during a recession."