For the first time since 1980, the rate of U.S. inflation (3.2% for the 12 months ending in April) is running higher than the average salary budget increase (2.8% average salary budget increase in 2011), says a new study by WorldatWork.
Demand for labor is still uneven, despite rising prices for goods and services. “With the low risk of losing employees to other organizations, higher increases are not justified at this time,” says the report’s author.
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