July 16, 2013 9:32 PM

Pay raises hover at 2.8 percent this year, 2.9 percent next year

U.S. employers are “staying the course,” according to a new survey of pay increases planned for 2014. A Mercer survey released Tuesday said employee raises averaged 2.8 percent this year and won’t change much next year. A 2.9 percent average is expected.

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