Dude. We've recovered from the big @## recession that was around from 2008 to 2010. Yes!
But wait. Before you start throwing a party, consider what "recovery" looks like in the real world. Yes, my friends, it means you top performers will be seeing something special in your paychecks - 4.8% to be exact. More from Mercer:
"U.S. employees are starting to see the effects of the economic recovery in their paychecks. The latest Mercer compensation report found that the average pay raise expected to be doled out in 2015 will be 3 percent, up from 2.7 percent in 2012.
For top performers, a category Mercer watches carefully, the average raise will be slightly higher than the 4.8 percent that group received in 2014. Top performers’ pay hikes this year were well above the 2.6 percent granted to “average” performers and the 0.1 percent given to low-performing workers."
4.8%. That's your recovery, high performers. That's why if you were an agent for high performing stars in corporate America - especially those in the rank and file who are young - you'd tell them that the only way there going to get where they need to go from a comp perspective is to get a promotion by joining another company. In fact, you'd tell them to do that 3-4 times in the next 8 years, securing a 20% increase every time and effectively doubling what they make as a result.
Of course, this path is not for the faint of heart. But, if you're truly a star and you're young, you need to go in order to get paid. That's just the way the game works.
I'll be your agent for 1% of your salary per year. Give me a shout if you're ready for kick ass representation. I kid... Maybe I don't.