Salary Increases Seen Being Trimmed in '04

Marshall, Jeffrey; Heffes, Ellen M.
January 2004
Financial Executive;Jan/Feb2004, Vol. 20 Issue 1, p10
Academic Journal
The article reports on the results of a survey by Mercer Human Resource Consulting regarding employee compensation in the U.S. The author notes that more than 40 percent of U.S. employers are going to scale back pay-increases in 2004 due to earnings in 2003. Other employers have indicated that the rising costs of health care and pension funding have limited their budgets for pay-increases. The author also indicated that the soft labor market has made employers less worried about turnover, which has given them the ability to reduce costs associated with retention.


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