Internet Firms Upping Salaries in 2001

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Internet and e-commerce companies plan to increase their average salaries between 7.7 percent and 9.7 percent, according to a study by Watson Wyatt Worldwide, a Washington-based human resources consulting firm.


By comparison, average salary increases for 2001 are projected to be 4.4 percent in general industry and 5.7 percent in technology businesses.


According to the study, 84 percent of Internet-based companies will use stock as compensation. This statistic ranges from a high of 92 percent in Western states to a low of 74 percent for those in the Midwest.


Among those that use stock as compensation, 94 percent offer stock options, 33 percent offer employee stock purchase plans and 22 percent offer 401K or other savings plans with company stock.
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