Coin stacks with blue and pink tokens Companies are increasingly having “additional increase budgets” that can deal with market or pay equity adjustments. (Photo: Shutterstock)

Unemployment may be low and companies concerned about employee turnover, but that doesn’t mean that they’re willing to fork over more money to keep workers happy.

That’s among the findings of Mercer’s 2019/2020 US Compensation Planning Survey, which drew on data from some 1,300 corporations to determine that company budgets for both 2019 and projected 2020 merit increases are pretty consistent with what employers have done over the past five years, at 2.9 percent and 3.0 percent, respectively.

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Marlene Satter

Marlene Y. Satter has worked in and written about the financial industry for decades.

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