As the global economy continues to waver, U.S. employers are projecting moderate pay raises for employees next year as part of an ongoing effort to closely manage costs. Additionally, similar to last year, U.S. employers do not expect to fully fund their annual bonuses for workers this year, according to new survey data from global professional services company Towers Watson (NYSE, NASDAQ: TW).
A survey of 857 U.S. companies conducted by Towers Watson Data Services found that companies are planning pay increases that will average 2.9% in 2013 for their salaried non-management employees. This represents a moderate increase from the average 2.8% raise salaried non-management employees are receiving this year and 2.7% they received in 2011. Similar raises for 2013 are planned for executives and non-exempt employees.