Merit raises: If you're hoping for a merit raise next...

File Cabinet

September 08, 1996

Merit raises: If you're hoping for a merit raise next year, chances are it will be about the same size as the one you got this year.

Buck Consultants, which advises employers on benefits and compensation, surveyed 383 big U.S. firms and found that they generally plan to give white-collar workers an average merit raise of 4.1 percent, the same as in 1996.

Hourly workers can look forward to an average merit raise of 4 percent, up from 3.9 percent.

Merit increases for executives will be smaller, averaging 4.2 percent, down from 4.3 percent this year.

Pampered generation: Here's a factoid that will make a lot of people feel old -- the first babies who wore Pampers are old enough to run for president.

Procter & Gamble, which makes the disposable diapers, points out that its product turns 35 this year. According to the company, the idea for disposable diapers dates to 1956, when a P&G researcher was baby-sitting his infant granddaughter.

Pub Date: 9/08/96

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