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Companies Look to Make Pay More Transparent

Study suggests most companies did not approve major pay raises last year.

By Jack Craver, BenefitsPro | Updated on February 15, 2017

Good news: Businesses that are doing well appear to be sharing the wealth. That’s one of the ways to interpret a study on compensation practices by PayScale.

The survey of 7,700 business executives, HR managers and other corporate leaders involved in setting compensation finds that more than a third of companies gave at least some workers salary increases of more than 10% in 2016. Another 11% say they gave increases greater than 5%.

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