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Salary Budgets Expected to Rise in 2017

Thursday, July 28, 2016  
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SHRM's Compensation & Benefits News

July 28, 2016

 

 

 Salary Budgets Expected to Rise 3 Percent in 2017


Despite some signs of labor market tightening, compensation managers expect their base pay budgets for next year to increase only by about 3 percent, little changed from the past two years. While such forecasts are helpful for planning, faster economic growth—or a recession—could alter these predictions.

 

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