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Small pay raises cited in Mercer and Conference Board surveys
Employers plan median increases of 3.5 percent in 2004 and similar next year, well below inflation, with health care costs and weak demand pressuring profits. Surveys from Mercer and the Conference Board note pay freezes at about 12 percent of firms, while inflation is seen around 2.6 to 2.7 percent.
MENTIONED IN THIS ARTICLE
New York
USS
Noxt
Su ‘Ch
Te Mercer
Conference Board
Steven Gross
Mercer
Saiharles
BNA Inc