Study: 3% Pay Raises the New Normal

By Michelle V. Rafter, NBC NEWS

Study: 3% Pay Raises the New Normal

November 16, 2012 Updated Nov 16, 2012 at 9:33 AM PDT

As the economy picks up, slightly higher pay raises are coming with it.

Many U.S. workers can expect to bring home 3 percent more in 2013 than they did this year, according to forecasts from national compensation surveys .

That’s just over the average median pay raise of 2.7 percent to 2.8 percent in 2012. It's also more than the 2 percent to 2.5 percent raise most employees saw immediately after the recession, which started in late 2008, according to a 2013 salary report from Bucks Consultants.

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