Benefits October 18, 2010

Four in Ten Workers Worldwide Won’t See Pay Increase This Year

October 18, 2010 (PLANSPONSOR.com) - A recent Monster poll has found that 41% of workers worldwide will not receive a pay raise this year.
Reported by

Of the 12,962 respondents, 21% said they will get a raise this year and they get one every year.  

According to a press release, other responses included: 

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  • Yes, wages were frozen but I’ll get one this year – 8%  
  • Maybe, my pay raises happen on an irregular basis – 14%  
  • I don’t know – 15%  

 

Regionally, over 33% of workers polled in Asia revealed that they expect one and get one yearly; while only 18% do not expect to get one. Conversely, 19% of respondents in the EU said they will get a pay raise this year.   

In Italy, 61% of workers polled will not be receiving a pay raise this year.   

Overall, 29% of those polled were unsure if they would receive a pay raise or not. Mexican and Italian workers have to deal with the least structured processes as 22% and 21%, respectively, receive irregular pay raises, the announcement said.   

The survey was conducted May 1 – 10, 2010.
Deals and People October 18, 2010

Forward Management Adds to Sales Force

October 18, 2010 (PLANSPONSOR.com) - Forward Management, LLC has hired Victor Melinauskas as a Regional Sales Director for the Pacific Northwest Territory.
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Melinauskas will focus on serving financial advisers, as well as executing Forward’s business strategy, in the Northwest region. According to the announcement, the appointment comes as Forward continues to expand its line-up of investment products, particularly in the alternative investment area, helping to double the firm’s assets under management to $6 billion as of September 30, 2010.  

Before joining Forward, Melinauskas was a Vice President and Wealth Management Consultant for the U.S. intermediary business at American Century Investments where he managed the Northern California territory for their wealth management channel. Previously, he served as a Principal and Business Development Officer at Barclays Global Investors where he helped educate advisers on the strategic and tactical use of ETFs. He was previously a Senior Manager at Charles Schwab & Co. in San Francisco where he focused on strategic planning and corporate development, and also held analyst positions at WestCap Investors, Mullin Consulting and Retirement Planning Group, LPL.    

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Melinauskas holds an MBA from The Anderson School of Business at UCLA and a BA in Business Economics from the University of California, Santa Barbara.

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