The Mountain States Employers Council says Colorado workers can expect a slight bump in pay next year – unless they work in Colorado Springs.
Overall, the council is projecting a 3.7 percent pay raise next year, up from 3.6 percent given in 2007.
But, Colorado Springs employers are expected to only offer a 3.4 percent raise during 2008 – down from a 3.5 percent hike during 2007.
Denver-area employers are forecast to pay 3.7 percent more, up from 3.6 percent projected this year. Employers in northern Colorado are expected to give 3.7 percent more, compared to 3.3 percent forecast for 2007.
Employers in the resort towns are expected to pay 4.4 percent more, compared to a 4 percent projection for 2007.
The largest projected increase next year is expected to come in the state’s oil and gas industry. Wages are forecast to be 6.7 percent higher in 2008, compared to 4.9 percent in 2007. The industry has topped the survey’s wage increase forecast for five consecutive years.
The construction sector is forecast to see the lowest increase in wages: 3.1 percent for 2008, a drop from 3.9 percent projected for 2007.
The council said 538 employers responded to the survey.