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Raises Are Getting Targeted | Detroit News
Description
Companies are ditching one-size-fits-all raises, opting instead to reward top performers with bigger bumps and perks—because keeping elite talent happy is now a strategic priority. While the average raise next year hovers around 3.5% (just barely keeping up with inflation), sectors like aerospace and defense are eyeing 4.5%, while telecoms may see only 2.5%. This shift reflects smarter, targeted compensation strategies based on real-world HR data—where your industry could mean the difference between a modest or major pay boost.
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