Employers Shrink Pay Raises, Focus on Top Performers
(Washington Post) — Unless you’re an IT specialist with a top secret clearance working for a defense contractor or in some other high-demand job, chances are your paycheck didn’t get a whole lot bigger this year. For many Washington area employees, the 2010 raise is no better than the one they received last year — and quite possibly less.
What’s more, that increase is likely getting gobbled up by higher medical benefits — not to mention inflation, even at its present low levels.
Salaries as a whole in the region have grown by 2.28 percent this year — not adjusted for inflation — compared with 3.52 percent last year, according to preliminary data from a local human resource association’s upcoming survey.