Businesses in the Charlotte region are feeling better about the economy, with many planning to give pay raises and ramp up hiring by the end of the year, according to a new survey from human resources consulting firm The Employers Association.
It's a dramatic shift from this time last year, when a similar survey found most companies scrambling to cut costs and bracing for dismal results.
The association polled 250 companies of various industries, sizes and sites in the Charlotte area for its 2010 Economic Trends Survey, released this week. It found that during the last 11/2 years, 45 percent of the companies surveyed reduced pay - but of those, a quarter have reinstated full pay and 27 percent plan to eliminate pay freezes this year.
Read the complete story at charlotteobserver.com