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2016-2017 HR Practices Report

You would think that a 2.9 percent state unemployment rate would exert significant upward pressure on wages. 

You would be wrong, at least in Massachusetts at the dawn of 2017. 

Massachusetts employers responding to the annual Associated Industries of Massachusetts HR Practices Survey are actually projecting smaller average wage increases in 2017 than in 2016. Wage and salary increase budgets for next year are projected at 2.75 percent, down from 2.,9 percent in 2016 and lower than the predicted 3.0 percent budget increases predicted nationwide. 

The AIM survey of 262 employers shows that companies plan wage increases ranging from 2.29 percent for union employees to 2.73 percent for salaried workers. Overall compensation increases among Massachusetts employers have moved in a narrow range between tow and three percent since 2010. 

Read the full 2016-2017 HR Practices Report.

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