GAM reports in their recent issue that average pay increased in 2005 2.9%, the same rise reported in the last four surveys. But, according to the article:

"When compared to general salary averages, industry pay increases fell short. Compensation adjustments for salaried workers across all industries averaged 3.5%, reports business analysts at The Conference Board, marking the fourth consecutive year that pay increases were below 4%." SEE THE FULL ARTICLE