U.S. companies are still cautiously managing salary increases despite the ongoing economic recovery. But they are more likely to bust out the bonuses for top performers as the battle for talent continues to heat up.

Such was the report from a survey by WorldatWork of 5,759 company representatives to questions about their budget for this year and next.

WorldatWork reported an across-the-board average salary hike of 3 percent in 2016 for all categories of employees, with a possible uptick to 3.1 percent in 2017.

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