Compensation is the single biggest expense for most companies, and today’s continuing tough economics and limited internal resources are making compensation decisions all the more difficult. But recently, employers are loosening the purse strings, ever so slightly, and are concentrating limited resources on top talent, according to Mercer’s 2014/2015 US Compensation Planning Survey. More than 1,500 organizations provided data for this annual survey, which reflects the salary practices of more than 16 million employees.
Infographic by Mercer Insights
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Pay Raises in US Continue Steady Growth
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