Detroit workers may be greeted with bigger paychecks in ‘06

Excerpts from the article:

Detroit workers may cash in on a bigger, better deal in the New Year, according to a recent study of Detroit employers by CareerBuilder.com and America Online. Titled "Detroit Hiring in 2006," the survey reveals Detroit companies plan to increase salaries on initial offers, raise compensation levels for existing employees and provide more flexible work arrangements. It also provides insights on the skills Detroit companies say will be most critical to their businesses in the coming year and their plans to shorten hiring cycles, diversify their staffs and postpone retirements in response to an increasingly competitive labor market.

Bigger Paychecks

- 41 percent of Detroit hiring managers plan to increase salaries oninitial offers; 19 percent will raise offers by 3 percent or higher and 9 percent will raise offers by 5 percent or higher.

- 74 percent of Detroit hiring managers plan to increase pay for existingemployees; 40 percent will raise compensation levels by 3 percent or more and 11 percent will raise levels by 5 percent or more.

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