Bigger Raises this Year?

Want a bigger paycheck? Signs of a stronger economy continue to be evident and now another: bigger raises for 2011. A recent survey was conducted and found that many companies will be rewarding employees with better raises this year. An article from Life Inc has some good news for American Workers:

The Towers Watson survey of large and mid-sized U.S. employers found that companies are budgeting for merit increases of around 3 percent this year, up from 2.7 percent in 2010.

That’s still below the 3.6 percent increases that employers budgeted for in 2008, according to Towers Watson, a professional services company.

Some of these companies also are hiring. About 40 percent of employers surveyed said they planned to hire for positions that require skills critical to make their company competitive. About the same amount said they plan to add professional and technical workers.

See the full article at Life Inc.