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Employers say they’re more concerned about retention this year than any other in the past decade, but those fears haven’t pushed up compensation budgets. (Photo: Shuterstock)

For all companies bemoan the tight labor market, they’re stopping short of a reliable reward for stalwart employees: a generous raise. A recent PayScale survey of over 7,000 employers found that 70 percent of companies are sticking with increases of 3 percent or less.


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