The odds are good. U.S. companies will keep pay raises steady in 2009, reports a survey by Washington, D.C., consulting firm Watson Wyatt.
The survey shows employers plan to give employees merit increases that will average 3.5% in 2009, the same increase as last year.
Companies also plan bigger raises to better-performing employees. Examples:
- Performance that exceeds expectations: 4.2% merit increase
- Performance that far exceeds expectations: 6% merit increase.