About This Video
Given the current state of the economy, many wonder if their employer will be able give them a raise next year.
To answer their question, yes. The only problem, given a current 5% rate of inflation…it might not be enough.
According to a study conducted by Watson Wyatt Worldwide, 33% of the companies they surveyed still plan on allocating merit increases in 2009.
The report shows that rank-and-file workers can look forward to base pay increases of 3.5% next year (the same amount given this year).
The company also concluded that high performers will be rewarded for their hard work at a rate of 4.4%
So while many companies are being forced to their work force, restructure, and shrink expenses, those still working can breath a sigh of relief. Next year, they should get a raise.
http://www.EmploymentCrossing.com
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