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On the heels of failed stimulus talks in Washington, there may be even more disappointing news for corporate workers from their employers: lower salary increases for next year.
One in three American companies are lowering their projected salary increases for 2021 largely because of weaker anticipated revenues and cost-cutting measures, according to a new survey by Willis Towers Watson, a risk management, insurance brokerage and advisory company.
Jill R. Shah is a reporter at Employee Benefit News and Employee Benefit Adviser. She can be contacted via email at jill.shah@arizent.com.
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