What Goes Up Comes Down – Even Salaries

You’ve heard the old phrase: “What goes up must come down”, but most people don’t like to think that it would ever apply to their salary level, and in most cases – and in a “normal” economy, it wouldn’t. However, in this “great recession”, many people are seeing just that – a lower salary than a year or two earlier, especially new college graduates. The declines, seemingly small at first glance, could have even greater negative consequences, according to a report published by the National Association of Colleges and Employers (NACE).

Its Fall 2009 Salary Survey report shows that 2009 graduates with bachelor’s degrees received an average starting salary offer of $48,633 or 1.2 percent below the average $49,224 offered to new graduates a year earlier.

Parts excerpted from the December 2009 issue of HR Magazine.

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