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Salary increases growing moderately


The global economy continues to be shaky. However, U.S. companies are still willing to increase the salaries of their employees. Recent research from the human resources branch of an insurance company found salaried exempt workers saw their base pay increase by 2.8 percent in 2012.

Executive, salaried nonexempt, nonunion hourly and union employees all also saw their salaries increase in 2012, but the increases are not nearly as high as pre-recession levels. Ken Abosch, compensation marketing, strategy and development leader of a human resources branch of an insurance company, said before the recession, salary increases were as much as 4 percent.

"Companies are more impacted by the global economy than ever before, as a result organizations continue to be conservative with their spending, but we anticipate that attitude will remain even after the economy rights itself - holding down spending on base pay is the new normal," said Abosch.

Salary increases are a sign that the economy may be on the road to recovery, but employee should not expect them. With business insurance policies in place, employers have the means to protect themselves from employees who sue for higher wages.

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