Raises in 2014 Expected to be Slightly Higher


Projections for pay raises next year point to slightly more generous paychecks than what workers have seen over the past few years.

Mercer, a consulting firm, took these findings from a new survey, reporting that employers anticipate that they will increase worker salaries by an average of 2.9-percent in 2014.

That's a rise from 2.8-percent in 2013.

Mercer says part of the downward pressure on salaries comes from relatively high unemployment.

That means employers still have the upper hand in recruiting new workers.