The average worker in metropolitan Baltimore will get a 5 percent pay raise next year, a New York consulting firm predicted yesterday.
"Although these raises are fractionally lower than Baltimore-area raises the past two years, the good news is that they seem likely to outpace the expected rate of inflation," said Bram Groen, who heads the Baltimore-Washington area practice of William M. Mercer Inc., an actuarial and benefits consulting group.
Mr. Groen said that executive compensation, which grew much faster than more workers' pay during the 1980s, will come more into line with raises subordinates are getting. He said that top level executives in Baltimore will average 5.2 percent raises, while middle managers will get about 4.9 percent more and wage earners will see about a 5 percent raise.
The average raise this year in Baltimore was 5.1 percent for hourly workers and 5.5 percent for top executives, according to Mercer's survey of 3,000 companies nationwide.
Mr. Groen also said that many financially strapped local companies might freeze pay next year.