Reflecting uncertain economic conditions and a conservative cost-management environment, U.S. employers are projecting moderate pay raises for employees in 2012. Employers expect to fully fund their annual bonuses for workers this year, as corporate profits have increased, according to a new survey of 773 employers conducted by Towers Watson.
Companies are planning pay increases that will average 2.8% in 2012 for their salaried nonexecutive employees. This represents a moderate increase from the average 2.6% raise workers are receiving this year and the 2.6% increase they received in 2010. Similar raises for 2012 are planned for executives and nonexempt employees.
