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Daily Job Search Video by Employment Potentials

Inflation Could Offset Raises




By BlueCollarCrossing.com

Given the current state of the economy, many people are wondering if their employer will be able to give them a raise next year.
 
To answer their question, yes. The only problem is, given a current five percent rate of inflation, it might not be enough.
 
According to a study conducted by Watson Wyatt Worldwide, 33% of the companies they surveyed still plan on allocating merit increases in 2009.
 
The report shows that rank-and-file workers can look forward to base pay increases of 3.5% next year (the same amount given this year).
 
The company also concluded that high performers will be rewarded for their hard work at a rate of 4.4%.
 
So while many companies are being forced to thin their workforce, restructure, and shrink expenses, those still working can breathe a sigh of relief. Next year, they should get a raise.
 
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