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Topics in HRIndustry Updates

2012 Pay Increases

According to a survey conducted in June and July 2011 by Towers Watson Data Services, U.S. employers are projecting moderate pay raises for employees in 2012. The survey found that companies are planning pay increases that will average 2.8 percent in 2012 for their salaried nonexecutive employees. This represents a moderate increase from the average 2.6 percent raise workers are receiving in 2011 and 2.6 percent they received in 2010. Similar raises for 2012 are planned for executives and nonexempt employees.

Employers do expect to fund their annual bonuses fully for workers in 2011, as corporate profits have increased, according to survey data from consultancy Towers Watson.

 

 


HR Works, Inc., located at 246 Willow Brook Office Park in Fairport (Rochester), New York, is a human resource management outsourcing and consulting firm serving more than 700 clients. HR Works provides benefits administration outsourcing; full-time, part-time and interim on-site HR managers; HR audits; legally reviewed employee handbooks and supervisor manuals; affirmative action programs; compensation programs; training of managers and HR professionals; and HRIS and self-service technology.
HR Works has proven to be an invaluable resource over the past five years.