About 75% of compensation and HR professionals say they expect their budget for pay raises to stay about the same next year, according to a survey by compensation consulting firm Pearl Meyer and Partners. "While the employment rate has improved over the last 12 months, there are still some ups and downs in the economy. Employers are still anxious about expanding their payroll," said Jim Hudner of Pearl Meyer.
HR pros expect compensation budgets to remain steady, survey indicates
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