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Modest pay increases the ‘new normal’

By
  • Andrea Davis
Published
  • December 11 2012, 10:25am EST

Compensation in the form of salary is the biggest piece of the benefits pie and a pair of recent surveys suggests modest pay increases for 2013 should be considered the new normal.

According to Buck Consultants’ Compensation Planning Survey, the median salary increase in 2013 will be 3% as employers continue to be cautious with their salary budgets.

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