Has it been a while since you’ve seen much of a bump in your paycheck? Or maybe no bump at all? Next year will be different, according to a new survey. Consulting firm Mercer found that workers can expect an average raise of …. hope you’re sitting down for this …. wait for it …. here it comes …. 2.9 percent in 2013.
Biggest increase in years
I don’t know about you, but that doesn’t seem like much of an increase. Not when gas and groceries and rents and college tuition keep skyrocketing. But the fact is that will be the biggest increase in more than 5 years.
Fewer cuts and more bonuses
Of course, some employees haven’t gotten any raises in years (or even worse, their salaries have been slashed), so 2.9 percent is better than nothing. And others will be getting a bigger bump next year than others. The survey found that top performers can expect a 4 and a half percent raise, while those considered weak performers would jump just a tenth of a percent. Oil and gas companies are expected to dole out some the biggest raises. The survey also says there will be fewer salary cuts and freezes, and more perks likes cash rewards or bonuses for hitting project goals.