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Study-puts average pay increase at 3.5 percent in 2005.

Publication: Westchester County Business Journal
Publication Date: 24-JAN-05 		Format: Online - approximately 850 words
Delivery: Immediate Online Access
Full Article Title: Study-puts average pay increase at 3.5 percent in 2005.(Human Resources)

Article Excerpt
For the last several years, many U.S. employers have adjusted their pay increase budgets downward at the end of the year in response to uninspiring yearend business results and continuing economic uncertainty. That pattern appears to be changing.

According to a new survey from Mercer Human Resource Consulting, while four in 10 employers say they will make Some type of adjustment to their 2005 pay-increase budgets, those changes will be very small this year--with reductions of just one- or two-tenths of a percentage point for some employee groups. That means average pay increases for 2005 are still projected to be around 3.5 percent.

The employee group that appears destined for the largest adjustment is executives. Among employers that anticipate a budget change, pay increases for...

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