Close
Bonneville Phoenix Network
 KTAR News
 Arizona Sports
92.3 FM KTAR
Menu
Social
Latest News
Updated Aug 23, 2013 - 1:43 pm

Survey: Employers to raise salaries by 2014

A raise of almost 3 percent in salaries will be taking place by next year.

CNN Money reports that consulting firm Mercer conducted a survey of more than 1,500 employers of mid-size and large U.S. companies and found out that along with the raise, promotions will also be taking place.

"Employers recognize that their greatest challenge is to retain their top performers to avoid post-recessionary flight," said Jeanie Adkins, who is a partner in Mercer's Rewards practice. "This means they have to reward them."

Adkins said that employers are expected to promote about 6 percent of employers, which means an increase in their pay between 6 to 8 percent of their base pay.

The projected rise in salaries, though modest from last year (a 0.1 percent increase), is due to the still high unemployment rate in the U.S.

World Class Arizona

  • Dignity Health World Class People. World Class Company. Excellent care, delivered with compassion, for all in need.

Voice For A Better Arizona

  • Family in Focus KTAR spends the week taking a look at the issues a modern Arizona family faces.

About the Author


Mac Watson & Larry Gaydos represent "the younger generation of talk…because we grew up in a different era." To someone who has never listened, Mac Watson and Larry Gaydos describe their show as,  "relatable stories that emotionally connect with our audience…. basically, stuff that affects our daily lives here in Arizona."

Comments

comments powered by Disqus
Latest News