Remove 2001 Remove Bonuses and Incentives Remove Employee Recognition Remove Wellness

Where Have All the Raises Gone?

Compensation Cafe

Last month The New York Times ran an article bemoaning the loss of pay raises in favor of one-time bonuses and non-monetary rewards. Cited in the article, analyst firm Aon Hewitt calls this a “drastic shift” based on the firm’s annual survey on salaried employee compensation. percent in 2001, from a high of 10 percent in 1981. Give all employees annually an across the board Cost-of-Living Adjustment (COLA) of approximately 2%.