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Human Resources

Salary Increase Budgets are Low and Going Even Lower

By | Best Practices, Compensation, Finance, Human Resources, Recruiting | No Comments

Salary increase budgets and are near to historical lows, and are likely going even lower, due to the weak economic “recovery.”  Growth in 2010 has been so tepid that unemployment has barely budged and employers have started to cut back their budget plans for 2011 (and even for 2010, if they haven’t fully implemented them yet).

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