Salary increases over the next year are projected to average at about 3 percent, according to the Society for Human Resource Management. This is about 1 percent below levels prior to the recession. Employees are more likely to receive a salary increase of less than 3 percent, because of high pay differentiation based on performance. Businesses are eager to keep top performers, which means workers with exceptional skills are often rewarded with higher salary increases.
In 2013, workers are more likely to receive salary increases if they have a specific set of skills, or operate in a technology or software field. According to the 2014 salary guide released by Robert Half, jobs with projected salary increases of 6.9 percent or more are mostly computer-related. The survey predicted an 8.4-percent increase in the positions of pre-sales engineers and technical engineers, with the projected pay range between $82,750 and $116,750. While not the highest salary on the list, this position was ranked at the top of those expected to achieve pay increases quickly.
Growth is still expected to be slightly below pre-recession levels, but certain fields are demonstrating high amounts of expansion. No matter what field a business operates in, maintaining hours through time and attendance software is a good idea, if only to see how workers are managing their time. Monitoring the work of high performers is advisable so that they can later be rewarded with a raise.
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