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Worker Pay Expected To Rise Slightly In 2014
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Story By: Larry Stine

 

 

 
 
 
   
   
  Originally Published on: 7/16/2013

  Pay raises next year will only be slightly more generous than they have been over the past few years.

  That's the finding of a new survey by consulting firm Mercer.

  Employers anticipate increasing worker salaries by an average of 2.9 percent in 2014.

  That's just marginally better than the 2.8 percent they gave this year, according to Mercer.

  But it is a big improvement from 2009, when raises averaged 2.1 percent.

  Mercer says part of the downward pressure on salaries comes from relatively high unemployment, meaning employers still have the upper hand in recruiting new workers.

  Mercer's survey reflects the pay practices of companies the employ more than 13-million workers combined.

 

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