Looks like many employers are ready to shell out just a bit more in pay raises next year. What’s your firm planning to do? According to the HR consulting firm Mercer, the average raise for U.S. workers in 2013 will be 2.9% — a tad over the 2.7% they received the previous two years.
Virtually all the companies Mercer canvassed — 98% — said they plan to give raises in 2013, according to a CNN story.
And how’s that pie going to be split up? Mercer says (no surprise here) that top performers — about 8% of the workforce — can expect hikes of about 4.5%.
Mid-range performers — estimated to be 54% of workers — will get raises in the neighborhood of 2.4%.
And the slugs — the lowest-performing 2% of all employees — might get as little as 0.1%.
Raises will vary pretty substantially among industries, CNN reported. Hot industries like oil and gas are expected to hand out hikes averaging 4.1%. Those who toil in education and healthcare will probably only see raises of 2.5% and 2.6%, respectively, according to the Mercer report.