A new survey shows that salaried U.S. workers can expect another year of modest raises in 2012. Benefits and human resources consultancy Towers Watson said after increasing salaries by 2.6% this year and last year, companies are planning a 2.8% bump in 2012. That’s somewhat smaller than raises in the last decade. From 2000 to 2006, the year before the recession began, salaries rose an average 3.9% for workers who were non executives. And the modest bump may not help add much buying power for shoppers. In the 12 months through July, the government said prices for consumers have risen 3.6%.
Tuesday, August 23, 2011
Are You Getting A Raise?
A new survey shows that salaried U.S. workers can expect another year of modest raises in 2012. Benefits and human resources consultancy Towers Watson said after increasing salaries by 2.6% this year and last year, companies are planning a 2.8% bump in 2012. That’s somewhat smaller than raises in the last decade. From 2000 to 2006, the year before the recession began, salaries rose an average 3.9% for workers who were non executives. And the modest bump may not help add much buying power for shoppers. In the 12 months through July, the government said prices for consumers have risen 3.6%.
