Pay hikes in 2012 won’t outpace inflation

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Offline Letsbereal

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Pay hikes in 2012 won’t outpace inflation
« on: August 23, 2011, 05:10:15 PM »
Pay hikes in 2012 won’t outpace inflation
23 August 2011
, by Andrea Coombes - San Francisco (MarketWatch)
http://www.marketwatch.com/story/pay-hikes-in-2012-wont-outpace-inflation-2011-08-23

The good news is that companies say they plan to increase their workers’ average pay raise in 2012. The bad news: The uptick is tiny, and most workers’ raises will be eaten up by inflation.

Employees will get an average increase of about 2.8% in 2012 on average, up slightly from the 2.6% employers said they plan to shell out this year, according to a survey of 773 U.S. companies by Towers Watson, a consulting firm.

Those figures include all types of workers, from executives to clerical workers, exempt and nonexempt, salaried and those paid by the hour.
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