Here's a sign the economy might be getting a little better: Pay increase budgets remained steady at 2.8 percent this year, according to the 2011 Compensation Data Insurance survey released today. And better yet, budgets are projected to increase slightly in 2012 to 3 percent.
From 2008 to 2010, pay increase budgets fell one percent, going from 3.8 percent in 2008 to 2.8 percent in 2010.
"There appears to be a level of cautious optimism within the industry in regard to the economy," says Amy Kaminski, director of marketing for Compdata Surveys, the pay and benefit survey data provider.
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