Tuesday, August 4, 2009

Boston ranks 3rd in pay-raise survey

In an article published today by the Boston Business Journal, the non-profit researcher, World at Work, ranked Boston employers third-highest in a study on expected pay raises within major metro areas. Washington, D.C. took top honors in local business pay raises (no surprise since the government never is short on cash). Boston and Tampa tied in the survey where the average raise is expected to be 2.3%.

On the downside, the 2009 increase is the smallest in the survey’s history and 1.7 percentage points below the 3.9% that had been projected in the previous year’s report. And then there is the depressing fact that the MA unemployment rate is hovering around the 9% mark.

You can read the full article here.

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