Almost a third of Midwest employers expect to give pay raises next year

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Almost a third of Midwest employers expect to give pay raises next year, and about half are still not sure what they’re going to do.

That’s according to MRA-The Management Association, which surveyed 576 companies in Wisconsin, Illinois and Iowa.

Twenty-eight of the firms said they would grant raises averaging 2.9 percent. Another 26 percent said they would either freeze wages and salaries, or cut them.

Even though the recession may have bottomed out, MRA vice president Vicki Vought said employers are still being held back by uncertainty.

And she said more companies are looking for creative ways to show top performers that they’re valued, without having to spend money.

Tags: pay raises, wisconsin, employers