Raises next year will supposedly be higher than this year, but not by much. Employees who aren’t entitled to overtime pay will see their salary increase an average odf 3.6 percent, and those who are entitled to overtime pay will see an increase of 3.5 percent.
Executives, on the other hand, will see an increase of 3.8 percent.
Location plays a role in determining averages. New Yorkers will be below average and Washington, D.C. will be above average.
Published or updated September 21, 2004. If you enjoyed this article, subscribe to the RSS feed or receive daily emails. Follow @ConsumerismComm on Twitter and visit our Facebook page for more updates.