A new survey says salaried U.S. workers can expect another year of modest raises in 2012, The Associated Press reports.
After increasing salaries by 2.6 percent this year and last year, companies are planning a 2.8 percent bump in 2012, Towers Watson reported Monday.
Many companies are sitting on huge cash stockpiles. But they’re being conservative with permanent salary hikes, says Laura Sejen of Towers Watson. Uncertainty about the economy and memories of the deep cuts during the recession are holding back raises, she says. Instead, companies are using occasional bonuses.
The human resources company conducted the survey in June and July, polling 773 U.S. companies with more than 1,000 employees.
