This report includes research findings from two surveys completed by Watson Wyatt before its merger with Towers Perrin. The 2009/2010 U.S. Strategic Rewards Survey, conducted by Watson Wyatt Worldwide and WorldatWork and representing 235 organizations, is the primary source for the employer data in this report. These organizations span all industries and have a minimum of 1,000 employees each. The survey was fielded in May 2009.Selected data featured in this report are drawn from the August issue of Watson Wyatt’s Effect of the Economic Crisis on HR Programs, our bimonthly survey series. The August survey included responses from 175 companies.