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Wage and hour settlements up last year

Increase can be attributed in part to large settlement Novartis entered into with employees

Employers, take note! According to a recent report by National Economic Research Associates (NERA), companies paid out more in wage and hour settlements in 2012 than in 2011—to the tune of $467 million, an 18 percent increase. The $467 million total is only slightly higher than the five-year average of $455 million.

The report indicated that the main reason for the rise in 2012 was a wage and hour settlement Novartis Pharmaceuticals reached with 7,000 of its workers.


Cathleen Flahardy

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