Raises on the Rise?
Many employers are planning to reinstate merit increases in 2010, The Wall Street Journal reports. But some experts say base salaries are unlikely to return to pre-recession levels anytime soon. Of 555 large U.S. employers polled in October, 83% said they will give out raises next year, while only about half did so in 2009, reports Lincolnshire, Ill.-based Hewitt Associates Inc. None anticipate pay reductions next year, after 10% cut salaries in 2009.
Submit a Comment