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Salaries up slightly in ’09, with more pay for performance

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in Small Business Tax Deduction Strategies

Despite the economic gloom dominating the headlines, three new national salary surveys predict that U.S. employers will generally hold salary increases steady in 2009. The surveys show employers plan to award average pay increases at or near 3.8% next year, nearly identical to raises given in 2008 and 2007.

But smart employers aren’t handing out 3.8% across the board.

Increasingly during these tough economic times, organizations are expanding their pay-for-performance programs and dishing out greater increases to their top performers.

“The gap between top performers and low performers is spreading as companies struggle to sustain compensation levels throughout the organization,” says Steve Gross, leader of Mercer’s 2008/2009 U.S. Compensation Planning Survey. “Distinguishing pay increases based on performance allows employers to attract and retain employees that will contribute to the company’s competitiveness a...(register to read more)

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