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A Towers Perrin study finds that 65% of companies that froze salary budgets in 2009 will unfreeze them in 2010.

In addition, the median salary increase for employees, excluding those who received no increase at all, will be only about 3% in 2010-an increase relative to 2009 at many companies but down from the nearly 4% median increase seen in the pre-recession days of 2007. Companies also plan to put more emphasis on differentiating the pay increases they do grant as part of their strategy to retain key talent.

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Peter Westerman


Credit Union Times

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