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Pay raise predictions

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A recent salary budget survey has predicted that raises are back. An average worker, the survey says, is likely to get a raise of 2.7 percent. A top performer may get 4 percent more. The survey is talking about top performers not top executives. Pay for performance is going to be evenly distributed among all levels.

Last year 10 to 20 percent of organizations didn't give any pay raise. This year, just 3 percent of companies aren't planning any salary recovery. In other words, more companies are planning pay raises.

Workers in some professions and industries are likely to get better pay packs. These include:



Marketing professionals

Marketing and product development engineering professionals may be the chosen ones to get pay hikes. Where there is a short supply of workers, the pay outlook is bright. Engineering workers and healthcare professional are likely to get more salary and bonuses. Salary prospects of medical technicians are very encouraging.

Techies in mobile sector

Techies in mobile application development sector are likely to get average raises. Those who boost the popularity of Web sites or those who can analyze which applications are safe in clouds are the blessed ones. IT professionals who are capable of preventing data breaches, particularly certified ethical hackers, see a pay hike of 5 to 7 percent. With a security clearance you can expect even 10 percent raise.

Business intelligence analysts are likely to get 4 to 6 percent hike because companies planning to integrate business intelligence with decision making are on the move to push the salaries up.

Salary hikes are waiting in the wings for oil, gas and mining sector where there is a shortage of hands.

Accountants

Accountants, especially CPAs, having experience with Big Four, who won't get more than an average pay hike, can opt for moving to a new firm to get fattier pay packages. Internal auditors with IT audit, financial and system-implementation experience can expect modest hikes.
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