Average first-year wage increases reported in 2013 were higher than increases reported in 2012 in all sectors except manufacturing, where the average increase remained the same at 2.1 percent, according to data compiled by Bloomberg BNA.
The all-settlements average first-year wage increase under contracts negotiated in 2013 was 2.1 percent, compared with 1.6 percent reported in 2012. The average second-year wage increase was 2 percent, compared with 1.9 percent in 2012, and the average third-year increase was 2.1 percent, the same increase as that reported in 2012.
Median Hike Unchanged Over Year
The median first-year wage increase in all ...
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